January 25, 2008 | Read Time: 1 minute
In its first list of the 40 richest people in Hong Kong, Forbes magazine reports that personal wealth continues to increase in the Chinese territory. The growth will probably mean more money for universities and other nonprofit groups in the region and around the world.
For example, the assets of Li Ka-Shing, Asia’s wealthiest man, rose from $23-billion to $32-billion. Mr. Li has pledged to distribute one-third of his fortune to charitable causes, such as higher education, medical programs, and palliative care.
Read The Chronicle’s article on giving in Hong Kong and China.
What do you think? How can American fund raisers tap into Hong Kong philanthropy?
