Hurun China Philanthropy List 2021

Source:Hurun Report
Author:Hurun Report
IssueTime:2021-05-11

The Hurun Research Institute today released the Hurun China Philanthropy List 2021, a ranking of the most generous philanthropists from Greater China. This is the 18th year of the Hurun Philanthropy List.

HURUN RESEARCH FOUND 39 INDIVIDUALS IN CHINA, WHO HAVE DONATED OVER US$15MN IN PAST YEAR

 

COLIN HUANG ZHENG, 41, OF PINDUODUO CHINA’S MOST GENEROUS WITH US$1.85BN DONATION

 

HE XIANGJIAN, 79, OF ELECTRONIC APPLIANCES MIDEA DONATED US$970MN RANKED 2ND

 

XU JIAYIN RANKED, 63, OF REAL ESTATE DEVELOPER EVERGRANDE 3RD WITH US$370MN DONATION. XU HAS BEEN IN THE TOP THREE FOR FIVE CONSECUTIVE YEARS

 

YANG GUOQIANG & YANG HUIYAN OF COUNTRY GARDEN DONATED US$240MN, RANKED 4TH

 

XU HANG, 59, OF MEDICAL EQUIPMENT MANUFACTURER MINDRAY DONATED US$160MN, RANKED 5TH

 

LI YONGXIN, 45, OF CHINESE CIVIL SERVICE TEST PREP PLATFORM OFFCN DONATED US$110MN, RANKED 6TH

 

ZHANG YIMING, 38, OF TIKTOK DONATED US$80MN RANKED 8TH

 

EDUCATION STILL ACCOUNTS FOR LARGEST PROPORTION OF DONATIONS, INCREASED FROM 31% LAST YEAR TO 39%

 

HEALTHCARE DONATIONS CONTINUED TO RISE, UP FROM 17% LAST YEAR TO 27%

 

THIRD IS POVERTY ALLEVIATION, UP FROM 11% LAST YEAR TO 24%

 

REAL ESTATE INDUSTRY HAS THE LARGEST NUMBER OF PHILANTHROPISTS ON THE LIST, ACCOUNTING FOR 36%, FOLLOWED BY FINANCIAL INVESTMENT AND MANUFACTURING WITH 13% EACH, AND HEALTHCARE WITH 9%

 

LEADING AUTHORITY ON GLOBAL WEALTH RELEASES THE HURUN CHINA PHILANTHROPY LIST 2021

 

 

 

l  Huang Zheng, 41, became China’s most generous individual with a US$1.85bn donation. Huang and some of the founding team donated 2.37% of Pinduoduo’s shares to a foundation to promote social responsibility construction and scientific research. He Xiangjian, 79, donated US$970mn ranked 2nd to build a hospital in his hometown Foshan. Xu Jiayin ranked 3rd with a US$370mn donation, mainly towards a Guizhou Provincial Foundation for Poverty Alleviation.

l  This year’s Top 10 philanthropists are all on the Hurun Global Rich List 2021, and the average donation after excluding Huang Zheng accounts for 0.9% of their average wealth.

l  From the place of birth, Guangdong entrepreneurs led with 27% of the list; followed by Fujian entrepreneurs, accounting for 19%. From the company headquarters, Guangdong has the most, accounting for 36%; followed by Beijing, accounting for 21%.

l  5 female philanthropists on the list. They are Yang Huiyan from Country Garden, Zhang Ronghua from the Rockcheck, Shu Ping from Haidilao, Yang Jin from the Anatole Investment, and Fan Hongwei from Hengli Group.

l  11 philanthropists (28%) on the list are the 13th NPC deputies (Pony Ma Huateng, Zhang Zhixiang, Yang Yuanqing and Chen Guoying) or the CPPCC members (Xu Jiayin, Yang Guoqiang, Xu Jiankang, Xu Rongmao, Ji Haipeng, Gong Junlong and Liu Yonghao).

l  The average age is 58 years old, 3 years older than last year.

l  59% come from listed companies.

 

 

(11 May 2021, Shanghai) The Hurun Research Institute today released the Hurun China Philanthropy List 2021, a ranking of the most generous philanthropists from Greater China. This is the 18th year of the Hurun Philanthropy List.

 

Hurun Research based donations on cash and share donations, together with legally binding commitments, made in the period from 1 April 2020 to 30 April 2021. Donations made by a corporate were assigned to individual shareholders according to the percentage of their shareholding. In the case of Xu Jiayin, for example, donations ascribed to his name for the purpose of the Hurun Philanthropy List took into account donations made by Evergrande multiplied by his 78% shareholding in the group, as well as donations made in his individual name.

 

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report said: “The stories of the entrepreneurs on the Hurun Philanthropy List, help tell the story of modern philanthropy in China today.”

 

This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.

 

 

Top 10 Philanthropists

 

Rank

Name

Donation US$m

Cause

Company

Age

1 *

Huang Zheng

1,850

Education, Social Welfare

Pinduoduo

41

2 *

He Xiangjian

970

Healthcare

Midea, Poverty Alleviation, Culture

79

3

Xu Jiayin

370

Poverty Alleviation, Healthcare, Education

Evergrande

63

4

Yang Guoqiang, Yang Huiyan

240

Poverty Alleviation, Education

Country Garden

66, 40

5

Xu Hang

160

Education

Parkland

59

6 *

Li Yongxin

110

Education

Offcn

45

7 *

Xu Jiankang

100

Education, Poverty Alleviation, Healthcare

Powerlong

69-

8 *

Zhang Yiming

80

Healthcare

ByteDance

38

9

Zhu Mengyi

60

Poverty Alleviation

Hopson

62

10

Huang Rulun & Huang Tao & family

45

Healthcare, Poverty Alleviation, Education,  Disaster Relief

Century Golden Resources

70, 45

10

Dang Yanbao

45

Education, Healthcare, Environmental Protection

Baofeng Energy

48

Source: Hurun China Philanthropy List 2021

↑Rank increase yoy

↓Rank decrease yoy

* New

 

Huang Zheng become China’s most generous with US$1.85bn  donation for the first time. He donated 2.37% of his shares in the name of his individual and founding team to establish the foundation to promote social responsibility construction and scientific research. Based on the closing price on July 1, 2020, the scale of the foundation is worth about US$2.6bn. Huang ranked 19th on the Hurun Global Rich List 2021 with US$69bn.

 

He Xiangjian donated US$970mn ranked 2nd. He donated to the non-profit Heyou International Hospital in the name of the group and individuals, with an initial payment of US$862mn and an estimated investment of US$1538mn. This is his 14th time on the Hurun China Philanthropy List and he was listed on the Hurun Global Rich List 2021 with US$43bn ranked 32nd.

 

Xu Jiayin ranked 3rd with US$370mn donation. His main donations include: donated US$215mn to the Guizhou Provincial Foundation for Poverty Alleviation in the name of the group; donated US$115mn to Guangdong Poverty Alleviation Day. Xu listed on the Hurun China Philanthropy List for 17 consecutive years and he ranked 50th on the Hurun Global Rich List 2021 with US$31bn.

 

Yang Guoqiang & Yang Huiyan donated US$240mn ranked 4th. The main donation include: donated US$105mn to Guangdong Poverty Alleviation Day; donated US$20mn to the Guohua Memorial Middle School Project in the name of the family, etc. Yang listed on the Hurun China Philanthropy List for 16 consecutive years and he ranked 46th on the Hurun Global Rich List 2021 with US$33bn.

 

Xu Hang donated US$160mn ranked 5th. The main donation include: donated US$154mn in the name of personal and foundation to the World Laureates Development Foundation for a period of five years to support basic scientific research, international scientific cooperation and exchanges, and support young scientists' growth projects. This is his second time on the Hurun China Philanthropy List. Xu ranked 71st on the Hurun Global Rich List 2021 with US$23bn.

 

Li Yongxin donated US$110mn ranked 6th. The main donation include: donated US$154mn in the name of the group to the Peking University to establish the Peking University Offcn Development Fund to support the development of Peking University; donated US$15.4mn to support educational poverty alleviation in Sichuan Province, etc. This is his second time on the Hurun China Philanthropy List. Li ranked 80th on the Hurun Global Rich List 2021 with US$22bn.

 

Xu Jiankang &Xu Huafang donated US$100mn ranked 7th. The main donation include: donated US&77mn to Fudan University in the name of Xu Jiankang Charity Foundation; donated US$15mn to Xiamen University in the name of Xu Huafang, etc. Xu Jiankang &family were listed on the Hurun Global Rich List 2021 with US$2.4bn.

 

Zhang Yiming donated US$80mn ranked 8th. The main donated include: donated US$65mn in the name of individual and group to the Humanitarian Relief Fund for Medical Workers in partnership with the China Red Cross Foundation for medical humanitarian assistance in the fight against the Covid-19. He was listed on the Hurun China Philanthropy List second times. Zhang ranked 26th on the Hurun Global Rich List 2021 with US$54bn.

 

Zhu Mengyi & family donated US$60mn ranked 9th. The main donated include: donated US$55mn to Guangdong Poverty Alleviation Day. This is the 17th time that Zhu Mengyi & family were listed on the Hurun China Philanthropy List. Zhu Mengyi & family were listed on the Hurun Global Rich List 2021 with US$8.6bn.

 

Huang Rulun & Huang Tao & family donated US$45mn ranked 10th. The main donated include: donated US$18mn to the OCCFC to fight the COVID-19 pandemic; donated US$3mn to the Tsinghua University; donated US$1.5mn to Central South University Education Foundation, etc. Huang Rulun & Huang Tao & family were listed on the Hurun China Philanthropy List 17th times and listed on the Hurun Global Rich List 2021

 

Dang Yanbao ranked 10th with US$45mn donation. He donated US$46mn to Yan Bao Charity Foundation. He has been on the Hurun China Philanthropy List 9 times and he was listed on the Hurun Global Rich List 2021 ranked 140th with US$16bn.

 

 

Donation Cause

 

Among the philanthropists on the list this year, the number of donations to education is still the largest, and the proportion has increased from 31% last year to 39%; under the influence of the Covid-19, the number of donations in Healthcare continues to rise, and the proportion has increased from 17% last year to 27%, ranked second; poverty alleviation increased from 11% last year to 24%, ranked third.

 

 

Regional Distribution

 

 

Birthplace

No. of indiv

 

 

Headquarters

No. of indiv

1

Guangdong

10

 

1

Guangdong

14

2

Fujian

7

 

2

Beijing

8

3

Zhejiang

3

 

3

Shanghai

4

4

Jiangsu

2

 

4

Tianjin

2

4

Anhui

2

 

4

Hong Kong

2

4

Sichuan

2

 

4

Fujian

2

7

Henan

1

 

7

Ningxia

1

7

Jilin

1

 

7

Heilongjiang

1

7

Ningxia

1

 

7

Shaanxi

1

7

Hainan

1

 

7

Zhejiang

1

7

Shaanxi

1

 

7

Hubei

1

7

Heilongjiang

1

 

7

Sichuan

1

7

Tianjin

1

 

7

Jiangsu

1

7

Shandong

1

 

 

 

 

7

Shanxi

1

 

 

 

 

7

Hubei

1

 

 

 

 

7

Yunnan

1

 

 

 

 

Source: Hurun China Philanthropy List 2021

 

 

Corporate donors Top 6

 

 

Company

Donation $m

Cause

1

Midea

615

Donated to build a non-profit hospital, the first phase received US$860mn, with an estimated investment of US$1.5bn; donated US$105mn to charity foundations, etc.

2

Evergrande

470

Donated US$215mn to the Guizhou Provincial Foundation for Poverty Alleviation US$215mn; donated US$115mn to Guangdong Poverty Alleviation Day.

3

Country Garden

330

Donated US$105mn to Guangdong Poverty Alleviation Day

4

ByteDance

320

Through three funds and additional initiatives, TikTok has committed US$250mn globally in markets across the world to support health care workers, global organizations, educators, first responders and vulnerable communities directly impacted by the pandemic.

5

Tencent

310

Donation to the Tencent Charitable Foundation

6

Offcn

170

Donated US$154mn to the Peking University to establish the Peking University Offcn Development Fund to support the development of Peking University

Source:Hurun China Philanthropy List 2021

 

 

Stats from the Hurun Philanthropy List

 

Year

No. of indiv

Average Donation US$m

Top 10 Cut-Off

US$m

Top 50 Cut-Off

US$m

Top 100Cut-Off

US$m

Top Philanthropist

Top Philanthropist Donation US$m

Average age

2021*

39

115.8

46

-

-

Huang Zheng

1850

58

2020**

15

120

56.3

-

-

Xu Jiayin

394

55

2019***

114

30

47

13

2.9

Lu Weiding

720

59

2018

100

30

50

8.3

2.3

He Xiangjian

1090

55

2017

102

20

56

5.8

2.2

Xu Guanju & family

440

55

2016

100

44

42

4.8

1.8

Pony Ma

2050

55

2015

101

29

24

3.8

1.7

Jack Ma

2100

55

2014

103

30

28

4.3

1.7

Jack Ma

2100

55

2013

101

8

17.3

4.3

1.6

Huang Rulun

85

53

2012

100

15

22

5.8

2.4

Cao Dewang & family

530

51

2011

100

18

26

4.3

1.9

Cao Dewang & family

670

52

2010

50

24

12

1.5

-

Yu Pengnian

470

53

2009

50

11.4

16

2.1

-

Huang Rulun

125

52

2008

100

19

32.8

6.4

3.8

Yu Pengnian

440

52

2007

100

14

17

4.3

2.2

Yu Pengnian

290

51

2006

100

8.3

11.6

2.2

0.9

Yu Pengnian

290

48

2005

50

3.2

4.9

0.8

-

Huang Rulun

42

48

2004

50

3

2.7

0.4

-

Huang Rulun

30

48

Source: Hurun Research Institute

* the threshold is CNY100mn

** the threshold is CNY200mn

*** includes Hong Kong, Macao and Taiwan philanthropists

the amount donated is the cumulative amount donated since 2003

 

 

Methodology

 

To put together a comprehensive list of the largest philanthropists of China is an almost impossible task. However, we believe that the Hurun Philanthropy List, published since 2004, is the most serious and authoritative effort to date, identifying the individuals and highlighting the causes they donate to.

 

To make this list, the Hurun Research Institute surveyed 3000 of China’s most successful entrepreneurs, including more than 2000 from the recently released Hurun China Rich List 2020 and the Hurun Global Rich List 2021, meticulously cross referencing the results with media reports and charitable foundations. In the course of the research, Hurun Research Institute attended non-profit-related seminars, as well as meeting with scholars, experts, philanthropists and senior members of charitable foundations.

Hurun Research includes cash and cash equivalents pledged with legally binding commitments for the twelve month period from 1 April 2020 to 30 April 2021. When comparing previous lists, please note that for corporate donations Hurun Research for the second year running multiplied the donation by an individual’s shareholding in the company.

 

The list includes only individuals born and bred in mainland China regardless of the passport they currently hold. Values are rounded, and past figures are subject to exchange rate fluctuations.

 

Thank you to all the organizations and individuals who have supported and helped us in compiling the list.

 


 

Hurun China Philanthropy List 2021

 

Rank

Name

Donation US$m

Cause

Company

Age

Head Office

Birthplace

1

Huang Zheng

1,850

Education, Social Welfare

Pinduoduo

41

Shanghai

Zhejiang

2

He Xiangjian

970

Healthcare

Midea, Poverty Alleviation, Culture

79

Guangdong

Guangdong

3

Xu Jiayin

370

Poverty Alleviation, Healthcare, Education

Evergrande

63

Guangdong

Henan

4

Yang Guoqiang, Yang Huiyan

240

Poverty Alleviation, Education

Country Garden

66, 40

Guangdong

Guangdong

5

Xu Hang

160

Education

Parkland

59

Guangdong

Guangdong

6

Li Yongxin

110

Education

Offcn

45

Beijing

Jilin

7

Xu Jiankang

100

Education, Poverty Alleviation, Healthcare

Powerlong

69-

Shanghai

Fujian

8

Zhang Yiming

80

Healthcare

ByteDance

38

Beijing

Fujian

9

Zhu Mengyi

60

Poverty Alleviation

Hopson

62

Guangdong

Guangdong

10

Huang Rulun & Huang Tao & family

45

Healthcare, Poverty Alleviation, Education,  Disaster Relief

Century Golden Resources

70, 45

Beijing

Fujian

10

Dang Yanbao

45

Education, Healthcare, Environmental Protection

Baofeng Energy

48

Ningxia

Ningxia

12

Tan Bingzhao

40

Poverty Alleviation, Education

Nimble

57

Guangdong

Guangdong

13

Qiu Zixin

35

Education

Wantai Biological Pharmacy

58

Beijing

Jiangsu

13

Kang Weimin

35

Education

Xinguang Optic-Electronics Technology

55

Heilongjiang

-

15

Huang Wenzai

34

Poverty Alleviation, Healthcare

Star River

68

Guangdong

Guangdong

16

Ma Huateng

31

Social Welfare

Tencent

50

Guangdong

Hainan

17

Xu Yingqiu

30

Poverty Alleviation, Public Infrastructure

Kaiyuan

87

Guangdong

Guangdong

18

Guo Yingcheng

28

Education, Poverty Alleviation, Healthcare

Kaisa

56

Guangdong

Guangdong

18

Shi Junhui

28

Education

Yu Cai

-

Shaanxi

Shaanxi

20

Sun Hongbin

25

Healthcare, Education, Social Welfare, Poverty Alleviation

Sunac

58

Tianjin

Shanxi

21

Xiang Guangda

23

Education

Tsingshan

63

Zhejiang

Zhejiang

22

Xin Youzhi

22

Healthcare

Hexiang

31

Guangdong

Heilongjiang

23

Zhang Ronghua & family

20

Healthcare

Rockcheck

52

Tianjin

Tianjin

24

Xu Rongmao

19

Healthcare, Education

Shimao

71

Shanghai

Fujian

25

Lu Zhiqiang & family

18

Poverty Alleviation, Healthcare, Education

Oceanwide

69

Beijing

Shandong

26

Zhang Zhixiang

17

Healthcare, Poverty Alleviation

Jianlong

54

Beijing

Zhejiang

26

Ou Zongrong & Family

17

Education

Zhenro

57

Shanghai

Fujian

26

Yang Yuanqing

17

Education

Lenovo

57

Beijing

Anhui

29

Ji Haipeng

16.6

Poverty Alleviation, Education, Public Infrastructure, Healthcare

Logan Property

54

Guangdong

Guangdong

30

Li Xiting

16.5

Education

Mindray

70

Guangdong

Anhui

31

Zhang Yong & Shu Ping

16

Public Infrastructure, Healthcare

HaiDiLao

50, 51

Beijing

Sichuan

32

Gong Junlong

15.5

Poverty Alleviation

Hengyu

62

Guangdong

Guangdong

33

Yang Xiaofan & Yang Jin

15

Education

Anatole Investment Management

-

Hong Kong

-

33

Wu Shaoxun

15

Disaster Relief

Jingpai

65

Hubei

Hubei

33

Su Qingcan

15

Education

Huaxia Eye Hospital Group

-

Fujian

Fujian

33

Liu Yonghao & family

15

Education

New Hope

70

Sichuan

Sichuan

33

Li Wenbin & family

15

Education

Junfa

46

Hong Kong

Yunnan

33

Chen Jianhua & Fan Hongwei

15

Healthcare

Hengli

50,54

Jiangsu

Jiangsu

33

Chen Guoying

15

Education

GMTech

58

Fujian

Fujian

33

Shen Nanpeng

15

Education

Sequoia China

54

Beijing

Shanghai

 

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