Country Garden founder Yeung, the tycoon who called himself 'dumb'
HONG KONG - Born into a peasant family in rural China, Yeung Kwok Keung's rags-to-riches tale inspired millions across the country until his Country Garden empire spiralled into crisis this year.
Born in 1955, Yeung founded Country Garden along with four others in 1992, quickly building its scale across China and transforming it into a household name by the early 2000s. Yeung often told people, including in company meetings, he had not worn shoes before the age of 18, sources told Reuters, declining to be identified due to the sensitivity of the matter.
Yeung was often promoted as a top philanthropist in China, having, according to Country Garden, donated over 10 billion yuan through his own charity in the past decade to education and poverty alleviation. He has also sponsored the elderly to watch Chinese operas, Xinhua said. He appeared to take the lead in that fight. Yeung recently loaned the company $300 million interest-free and was also trying to sell his private jets, local media reported last week.
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