Generous Philanthropist
Cao Dewang, Board Chairman of theFuzhou-based glass manufacturer Fuyao Group,ranked No.1 in the 2011 Hurun PhilanthropyList, which was released on April 19. His familydonated 4.58 billion yuan ($694 million) tocharity in 2010. Cao has donated nearly 5 billionyuan ($758 million) since he made his first donationin 1983, accounting for 40 percent of histotal wealth.