Spreading their wealth. Forbes Asia released its 2011 rich list and Malaysia’s top 40 richest individuals increased their wealth by 22% from last year. On the ninth spot of that list is Berjaya Corporation Bhd founder Tan Sri Vincent Tan. Last week, he pledged to donate at least half of his wealth to charity through the Giving Pledge campaign. Tan set up The Better Foundation Malaysia in 1997. It is focused on causes such as education and improving oneself.
Philanthropy growing among Asia’s rich. Private banks such as UBS Asia, Citi and Credit Suisse are gearing up to service wealthy client’s interest in philanthropy. Download Philanthropy growing among Asia’s rich – FinanceAsia
Say yes or no to the philanthropy by the wealthy in China. Lu Dezhi, Chairman of Huamin Charity Foundation writes that both the rich and poor should be involved with charity and that they can complement and reinforce each other in China. He believes that modern charity should work towards closing the gap between the rich and poor to achieve societal harmony. (The article was originally posted on China Philanthropy Magazine.)