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Lin Bin, co-founder and executive director of the Chinese tech company Xiaomi, has been making headlines recently for his philanthropic efforts, which have included donating millions of shares in the company to his charitable foundation and working with some of China's top academic institutions to create technology-driven educational programs aimed at empowering underprivileged communities.
But there's one person who doesn't think Bin's philanthropic efforts are as impressive as they've been: the New York Times, which calls him "one of the world's richest men" with an estimated net worth of more than $10 billion.
Bin, for his part, says he's "dispelling rumors of personal gain" and that the 120 million shares of Xiaomi stock he donated to his foundation in 2020 are for educational and research purposes, not his own personal gain, per a Xiaomi press release.
"By prioritizing social responsibility and community welfare, Lin Bin sets a powerful example for corporate leaders everywhere," the release continues. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: National Philanthropic Trust, Schwab Charitable
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A vaccine-development group says it plans to save more than 8 million lives through its work over the next five yearsan ambitious goal that will require at least $9 billion in new funding. Gavi,...more
Family offices, which often manage the multi-trillion-dollar fortunes of their clients, may want to think outside the box when it comes to how they allocate their capital. Case in point: one...more
Foundation: Gates Foundation, Rockefeller Philanthropy Advisors, Kresge Foundation, Rockefeller Foundation
Detroit's Kresge Foundation turned 100 this month, and while the foundation's $4.3 billion endowment is sizable, it's less than a tenth of the size of the Bill and Melinda Gates Foundation, per...more
When it comes to giving back to the communities in which they live, Walmart's employees are some of the most giving people on the planet, according to the company's CEO. In fact, Walmart has...more
When he was a professional cyclist, Russia's Igor Makarov competed in the Tour de France. When he's not running a hedge fund, he's cyclingand now he's giving back to the sport. Makarov, a...more
Foundation: Gates Foundation
When it comes to giving, Bill Gates is by far the most well-known. But if you don't have millions to your name, there may be other ways to make a difference. In an interview with the Financial...more
The world's youngest billionaire, Malaysian property tycoon Wira Louis Ng Chun Hau, has been named one of the most promising business leaders in the world, Business Insider reports. The...more
Lin Bin, co-founder and executive director of the Chinese tech company Xiaomi, has been making headlines recently for his philanthropic efforts, which have included donating millions of shares in...more
Foundation: Boston Foundation
Jordan French and his wife, Melissa, are giving away their entire fortune$125 millionto help as many people as they can. The tech billionaire and his wife, a writer, have established the Kulpa...more
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