A Chinese billionaire donated 70 million yuan to the United States, but then he went bankrupt. Who is he?

The so-called 360 professions, the number one in each profession, and many rich people will emerge in various fields. They are leaders in all walks of life, and have successfully accumulated hundreds of millions of dollars by virtue of their extraordinary abilities. After gaining wealth, most of these rich people will choose to donate money, because this can bring them more psychological satisfaction.

However, there are many wealthy people in our country who are willing to donate to prestigious schools in the United States. Because as far as the United States is concerned, American colleges and universities have an unwritten rule that if a private person donates a huge amount of money to the school, then this person can obtain a degree from the school. This has attracted many Chinese wealthy people. Zhong Xinjia is such a rich man. He is particularly keen on donating to prestigious American universities. In the end, he successfully obtained a bachelor's degree in engineering from the University of California. He became famous in the 1980s and was once a prominent figure in my country's business community. He is the richest Chinese person who has donated the most to the United States, but it is worth mentioning that he went bankrupt just after donating 70 million.

Zhong Xinjia was born in Lianjiang, Guangdong in 1963. His family is a well-known local medical family and is quite famous in the local area. But Zhong Xinjia doesn't like studying medicine. His dream is to become a rich man, but he knows that studying medicine will not realize his dream. So he chose to go out alone, hoping to build a career and realize his ideal through his own efforts. He went to work in a battery factory. Being smart and studious, he quickly understood the basic structure of batteries. Moreover, he also developed a new type of battery through self-study, which was widely praised in the market and brought huge benefits to the company, which made him become a company executive. But a few years later, Zhong Xinjia decided to go out and start his own business. He also built a battery research base to specialize in developing new batteries. Soon he occupied a large market and became a well-known "battery king". Later, he relied on his intelligence to expand his career and became a well-known rich man.

In 2011, Zhong Xinjia donated US$10 million to the University of California, which was converted into RMB 70 million at the time, making him the Chinese richest person who has donated the most to the United States. But what is dramatic is that after he finished donating, he learned the news that his company was ordered to go bankrupt by the court because it was insolvent. This became a popular joke at the time, and people called him the Chinese tycoon who had the worst fate for donating to the United States.