Extraordinary Genius

Chapter 1844: Who is the great philanthropist?

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What did Feng Yu list? He listed the amount of donations he had made over the years and the number of people he had helped. Top novels are updated the fastest

Taken together, the Thai-Chinese Charitable Fund and the Thai-Chinese Education Fund have accumulated more than 10 billion U.S. dollars in donations over the years. The teaching buildings in China alone are worth more than 5 billion U.S. dollars.

Not to mention some donations for teaching in poor countries such as Africa, and donations of food, medicine, clothing, etc. are also not small.

Of course, most of these donations are aimed at mainland China. But there are also many in Africa. As for why there are the most people in China, Feng Yu is from China. Is there anything wrong with that

Who is rich and wants to donate, but the first thing they consider is their hometown and motherland

Feng Yu's donation amount is definitely the first at this time. The so-called donations of those rich people are all in the accounts of some foundations, and they are not spent that much.

In terms of expenditure, no one can compare with Feng Yu, no one!

It seems that many rich people have donated a lot of stocks and so on. Let's not say that those are floating profits and the real value may not be that high. Simply put, many of those stocks are paid out according to dividends, and the trading of stocks is also restricted.

For example, Bill Gates' foundation has many Microsoft stocks, which of course were donated by Bill Gates. However, these stocks cannot be sold casually, which means they are difficult to realize.

Donations from many wealthy people, including Buffett, are in this form. To put it bluntly, they still hold the voting rights of these stocks and the real power of the company, just in a different form.

Many charitable foundations have very large assets, but how much money is actually given away each year? Even 5% of the total capital scale may not be available. The managers of those foundations all receive high salaries.

Although the scale of Feng Yu's foundation seems much smaller than those of the top ones, the actual amount donated is the largest.

Feng Yu also listed many wealthy people's tax evasion, including many wealthy people who had attacked Feng Yu. Many sons of rich people serve as executives in the charitable foundations established by the rich. In addition to a large annual salary, they also receive some stock awards and so on. In this way, some wealth can be slowly transferred to their sons' names. , thus avoiding the heavy inheritance tax of about half the value of the property.

From this point of view, the ancient families in Europe are very wise in this regard. Although their inheritance taxes are not low, most of them conceal their true wealth.

For example, exchange wealth for some UBS deposits. Anyway, UBS is famous for putting its customers first. As long as the descendants have tokens and passwords, they can withdraw money or bearer stocks or other assets.

When it comes to luxury enjoyment, the United States is far behind Europe, because it lacks the foundation.

Feng Yu's move has caused the image of many wealthy people to plummet. But not only that, Feng Yu also asked people to count the number of personal donations from many wealthy people, which is really incomparable with Feng Yu.

Especially when the data about how many people their donations helped was revealed, Feng Yu could do more than everyone else combined.

Just those teaching buildings, how many people have been helped? At most, it would cost tens of millions. There are also aids to help Africa, which have also helped tens of millions of people.

Feng Yu used this to tell everyone that charity is not just slogans shouted by some people, nor is it a foundation managed by those people themselves, but that it must actually help talents.

I have helped hundreds of millions of people, and the number is still increasing. What about you

It is this data that shuts up many people. What's more, Feng Yu also listed some charitable foundations established by rich people themselves, which are simply blind investments. The purpose of investing foundation assets is to make more money so that it can help more people. But what happens if you lose all your money

Those people were also worried that if they continued to fight with Feng Yu, Feng Yu might come out with some terrible news.

It would be bad if it caused a fire and burned oneself.

What's more, Feng Yu is not alone. There are also many partners of Feng Yu in the United States and Europe. They are all consortiums that live behind the scenes. They are also helping Feng Yu and praising Feng Yu's good deeds.

In the end, Feng Yu directly stated that he was unwilling to donate to developed countries. Since they are already developed countries, the government should have the ability to ensure that there are no poor people in the country. Otherwise, how can we talk about development

He will continue to help those in need until his death.

Those charitable organizations, stop asking for donations from him. He will help others himself. To put it bluntly, he doesn't believe in many charitable organizations at all.

It’s not just a question of ability, but also a question of credibility. Many managers of charitable foundations live a luxurious life. Can such people really focus on philanthropy

Can you trust a person who uses charity funds to help himself make money

These news have severely exposed the facts that many people have covered up. You are not clean yourself, how dare you accuse others

In this way, this matter was easily solved by Feng Yu. Not only did he change his image, but he also solved many troubles once and for all.

Even because of these, Feng Yu's reputation has been pushed to a high point again. Many wealthy people also expressed their hope to donate to Feng Yu's charity foundation. Some are sincere and trust the other party Feng Yu, while others hope to reverse their negative image and gain Feng Yu's popularity by the way.

These were also rejected by Feng Yu. Whether those people really wanted to donate or wanted to use this opportunity to gain reputation, Feng Yu would not ask for their donations.

Feng Yu's reason is that you should keep your little money for yourself. I am enough to donate to these foundations.

Such domineering remarks are hard to refute.

Many people have money, but it is only the book value of stocks in listed companies. There is actually very little cash that can be used.

But Feng Yu is different. Although many of his assets are stocks, the cash he holds is also not a small amount, and many of his companies pay very high dividends every year. Feng Yu simply cannot spend all the money.

If they want to raise cash, none of those rich people can do it as quickly or easily as Feng Yu.

Feng Yu also thought about how he would spend so much money. He also discovered the inner thoughts of some wealthy people who sincerely do charity, that is, when you have money and you can’t spend it all yourself, it’s really nice to help others and hear a thank you.

The feeling of satisfaction after helping people is addictive.

At this time, a blockbuster news broke out from Microsoft, finally suppressing the donation news that had dominated the headlines for many days.

… (To be continued...)