Yu Pang-lin dies at 93, leaves fortune to charity
Hong Kong hotelier and real estate entrepreneur Yu Pang-lin, who was named the most generous donor on the Hurun philanthropy list for five consecutive years, died on Saturday at Peking University Shenzhen Hospital. He was 93.
Founder of the Yu Pang-lin Foundation dedicated to healthcare, education and disaster relief, Yu donated his entire fortune to charity.
In 2010, he announced at a banquet that he would entrust property valued at 9.3 billion yuan ($1.5 billion) to the bank, and the money would be donated after his death. He was believed to be China's first billionaire to donate an entire fortune to charity.
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