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Hong Kong’s Richest Man Donates $57.6 Million to University So Students Get Free Tuition for 4 Years

Li Ka-shing, one of the world’s top billionaires and Hong Kong’s richest man, just announced that the foundation named after himself is set to make generous annual donations that will cover students’ tuition fees over the next four years.

In a Weibo post on Sunday, Shantou University in Guangdong Province, China announced that Li, through his Li Ka-shing Foundation, is set to provide up to 100 million yuan ($14.4 million) annual donations to the university that will fully cover tuition fees of undergrads from 2019 to 2022, according to Shanghaiist.