2012
Feb
22
Chang Yung-fa has pledged to give away all his wealth, approximately $2 billion, primarily via the Chang Yung-fa Foundation.
His wealth was estimated at $1.9 billion in 2011 according to Forbes magazine.
This comes after mismanagement forced the pop star to scrap her first project there last year.
Part of the proceeds from the auction will benefit the Asian Elephant Foundation and Wildlife Reserves Singapore Conservation Fund.
The gala will be broadcast on CNTV.cn, and will also feature Hong Kong film and kung fu star Jackie Chan.
Ruentex Group chairman Samuel Yin's with his donation estimated to hit a high of $4 billion, according to the Business Today.