A man gave money to people from his native village when he became a billionaire (4 photos + 1 video)

Tycoon Richard Liu Qiandong, in addition to cash, sent his fellow villagers food, clothing, and household appliances worth thousands of yuan for each family. The man introduced this practice back in 2016.





Billionaire Richard Liu Qiandong touched the residents of his native village of Guangming in eastern China by handing out gifts of 10,000 yuan ($1,400) in cash to everyone over 60 years old. This happened on the eve of the Lunar New Year celebration.

Liu, 50, is grateful to his fellow villagers who donated 500 yuan ($70) and 76 eggs for him when he went to Beijing to study at university in the early 1990s. He went on to become the founder and chairman of JD.com, China's leading e-commerce website.



According to the Hurun Global Rich List, published in April last year, the Chinese businessman has a net worth of $6.8 billion, ranking him 427th on the list of the world's tycoons.

Interestingly, this is not the first time Liu has given out lavish gifts. The man introduced this practice back in 2016, when he visited his native village with his beloved wife, Zhang Zetian.

In addition to cash payments, the tycoon also sent his fellow villagers food, clothing, and household appliances worth thousands of yuan for each family. There are 1,400 households in the village.

"The village government asked us to submit photocopies of household registration documents and identification cards to prepare for the presentation of gifts from Liu," says a 71-year-old local pensioner.

According to the man, both of his parents are over 60 years old, which gives them the right to receive a total of $2,700.

"He doesn't have to do this. This money was earned through hard work. Liu made a great contribution to the development of the village. We will not forget this," the pensioner adds.





Qiandong spent his childhood and youth in the countryside. He rarely traveled outside of China until he began studying at the prestigious Renmin University of China in 1992. His family was so poor that he had to rely partly on fellow villagers to pay for his university education.



"Help from fellow countrymen is a starting point for me to take a step towards peace," the billionaire assures.