Xiong Shuihua, a Chinese multimillionaire, bulldozed his old decrepit hometown to build luxury condos for everyone, for free, as a humble “thank you.”

Some stories just put a smile on your face. So often our image of rich business moguls is associated with egocentric, narcissistic men who greedily spend their fortunes on penthouses, speedboats, and private jets.

But Xiong Shuihua, a Chinese multimillionaire who earned his own fortune in the steel construction business, has shattered this stereotype, demonstrating philanthropy at its best and proving the existence of “good” in places often seen as grim.

Xiong Shuihua was born in Xiongkeng village in the city of Xinyu, southern China, and said that his family had always been well looked after and supported by community residents during his childhood.

So, after making his millions in the steel industry, Shuihua opted to repay his debt to his childhood community by “updating” the locals’ living spaces. Continue reading →