Breaking News, World News and Taiwan News.

Evergreen founder to donate entire fortune

Philanthropist Chang Yung-fa (張榮發), the founder and chairman of the Evergreen Group (長榮集團), pledged yesterday to give away all his wealth, approximately NT$50 billion (over US$1.69 billion), primarily via the Chang Yung-fa Foundation.

A 2011 Forbes estimate put his net worth at NT$50 billion.

Evergreen's billionaire founder, 84, told local media that he is worried about the increasing poverty in Taiwan, and encouraged everyone to chip in for charity. A life punctuated with charitable endeavors and good works can be sublime, Chang said.

“I will give the total amount of my money to charitable causes. My children have shares in stock holdings to sustain themselves, and if they want more they have to earn it through hard work,” Chang said.

In a new oral autobiography, Chang chronicles his firm dedication to philanthropy and view that corporation responsibility should give back to the society.

The Chang Yung-fa Foundation, established in 1985, has set up a charity network through which each year more than 1,000 donations, totaling tens of millions of New Taiwan dollars, are given for medical aid, emergency relief, funeral subsidies and other charitable purposes.

Firm Believer of Karma

Chang said he is a firm believer in karma and that money comes around and goes around, so fortune is not something that will stay.

“My charitable endeavors are the fountain of my joy. It allows me to sleep better at night knowing that I have made a positive impact,” Chang said. “And my career successes this life are the legacy of the good I sowed last life, so I need to humbly assume more responsibilities.”

Chang touched on a mix of causes that include education, and his recent support for the so-called “1992 Consensus.” Chang stressed the difference between charity a quick solution; and philanthropy, a systemic change to long-term problems.

“I will quietly do what I believe is right under the radar. My foundation will carry on the charitable work even after my death.”

The self-made billionaire who built his empire from the ground up encouraged youth to follow his success story, and continuously reflect and refine on their life. And most importantly, “always do good, or at the minimum don't do any harm.”

Wealth Gap Widens in Taiwan

As the wealth gap widens in Taiwan, more and more entrepreneurs, such as tycoon Terry Gou (郭台銘), who leads Hon Hai Precision and Wowprime Chairman Steve Day (戴勝益), have vowed to do more for charity. Their efforts should not only be viewed as an providing entitlements for the underprivileged, but rather as a movement to jump-start the motion of good will, and for society to follow suit.

February 8, 2012    banana.na33@
I believe also in KARMA, so I don't want to hurt other people’s feelings as possible...MR. CHANG is a good guy, may god bless you and your family....
February 8, 2012    v.panwar1@
I wish a very long life to Mr. Chang so that he can work more for Humanity. May god give the same feelings to every human being.
February 8, 2012    edrulyn@
MR. CHANG, MAY GOD GRANT YOU MORE LIFE TIME IN THIS WORLD. I SALUTE YOU, MR. CHANG.
February 9, 2012    olichu@
Very noble and generous! He understands the meaning of life!
February 9, 2012    elumpen@
What a great guy. Since we all know you can't take it with you, it's nice to hear about a rich person making sure his fortune does some good.
February 9, 2012    jq.nyc.usa@
Mr. Chang shows what true success is all about. Thank your for setting such a good example. Kind regards, Joe Quinn, New York City
February 11, 2012    jk230686@
God bless you MR. Chang. I am not Taiwanese but I have learned from you. This world can be a better place with hearts like Mr. Chang’s.
June 30, 2012    you.exclusively@
Yes you in deed a Good son Of the Almighty Good God. May you live longer. Also I would like to know the Charity Fund, Telephone Number and Email address as well.

God bless you, you are such a nice person to take note in deed.
I am not Taiwanese but like you, who says that you be leave in Karma...in Other words retribution. I am from Sri Lanka. I have worked for your Air Line EVA AIR in Colombo since 1999.

Hope I can share more thoughts from your Life, if any One can provide me the e mail address of the Great son of Taiwan. Mr. Chang Young Fa.

God Bless you,

Shamal
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Gov't to issue 'gross happiness index': Ma
Chang Yung-fa pledges to give away 100 percent of his fortune to philanthropic causes, primarily via the Chang Yung-fa Foundation, during a meeting with the media in Taipei, ...

Enlarge Photo
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search