Chapter: 4072

"The other half will be donated to all orphanages and welfare institutions across the country, to improve the lives and education levels of orphans in these institutions;"

"All financial allocations will be detailed and publicly disclosed to society, welcoming everyone's joint supervision!"

"This news spread like wildfire, leaving everyone in awe once again.

This is a staggering amount of over $360 billion!

Are you really going to donate it all?

Money isn't just money, right?

Even major listed companies with a market value of tens of billions can't achieve this figure within ten years. Yet, the owner of Cheng Dan, who is known for their generosity, seems completely unmoved by this enormous amount?!

Moreover, everyone here is a top-tier tycoon, and they're very clear about charity.

Even if you play at being charitable, there's no way to match this level of philanthropy!

The wealthy in this world, especially Western billionaires, seem to be very enthusiastic about doing charity, establishing various foundations, and then pouring millions or tens of millions of dollars into them.

However, in reality, the majority of these so-called 'charity' foundations were actually set up to avoid taxes.

Western billionaires casually donate tens of billions to establish a foundation, which is actually just packaging it as family trust to avoid inheritance tax rates of up to 50%, leaving more money for their descendants."

According to Western regulations, a foundation's funds must have at least 5% used for charity, while the remaining 95% are essentially equivalent to family trusts, and even tax-free.

So, Western billionaires do charity, only taking out a small amount of money for good deeds, with most of it packaged in this way to leave for their own families.

Many Western billionaires also promise to donate everything after death, but most of them actually just repackage their wealth to pass it down to future generations.

However, the owner of Spring Valley, Bernard Elmore, ultimately accepted Song Wan Ting's conditions.

He paid off 800 billion dollars in cash while crying, and then signed an installment payment agreement with the auction house.

From next year's second half, he will have to pay 280 billion dollars annually for the next ten years.

Everything settled, Song Wan Ting finally announced to the crowd: "Let's congratulate 016, which has successfully bid on the last capsule tonight."

Bernard Elmore was then suddenly standing up, preparing to step onto the stage, while other bidders looked somewhat disheartened.

Immediately afterwards, Bernard Elmore was invited by Song Wan Ting to join her on stage.

Subsequently, staff members handed him the last capsule personally.

At this point, Bernard Elmore's entire body was trembling with excitement.

The other bidders in the audience were intently staring at him.

Everyone had witnessed the effects of a quarter and half capsules tonight, but they still hadn't seen the effects of a full capsule. JrNovels.com