Chinese multimillionaire Xiong Shuihua bulldozed all the ramshackle huts in his poverty-stricken hometown, and what he did next is amazing.
The Daily Mail reports Xiong Shuihua spent millions building luxury condos for everyone in the village he grew up in, so all 72 families in the Xiongkeng village in the city of Xinyu would have a place to live. The multimillionaire also promised to feed elderly and low income residents three times a day.
The project began five years ago and was completed last spring.
What was Xiong Shuihua’s motivation? Gratitude. In the original Chinese language news footage posted on YouKu, he told reporters that people in his village were kind and helpful towards him and his parents during his hard-scrabble childhood. Xiong Shuihua first began building his fortune in the construction business, then made profitable investments in the steel industry.
“I earned more money than I knew what to do with, and I didn’t want to forget my roots. I always pay my debts, and wanted to make sure the people who helped me when I was younger and my family were paid back.”
Xiong Shuihua also built large villas for 18 families who had been particularly kind to him. That part of the construction project alone cost over $6.3 million.
Chinese multimillionaire Xiong Shuihua builds luxury condos for 72 families in his former village.
Here’s the video from the original news report that got posted on YouKu, Unfortunately, there are no English subtitles.
Featured image: Composite with video screen grabs from a Chinese news report via YouKu.