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CNN: Chinese Tycoon offers cash to NY Homeless

Chen Guangbiao NY Times Ad Chinese tycoon Chen Guangbiao who once made a bid to buy the New York Times has taken an ad in the paper offering a free lunch and $300 cash to America’s poor, reports CNN.

The bilingual ad which appeared Monday invited America’s destitute to a free luncheon at the New York Central Park’s Loeb Boathouse on June 25.

An RSVP is required and the luncheon is limited to 1,000 people. Each guest will also receive $300 cash.

Guangbiao is known for his lavish giveaways which many have criticized as self promoting stunts.
On his business card, he describes himself as the “most charismatic philanthropist of China.”

You can watch the clip from CNN below to learn more about his failed bid to buy the New York Times.

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