Friday, 19 April 2024

The Global Wealth and Society programme seeks to identify the important role that the privileged have towards their respective society. In building this programme, we measure wealth, not by the amount of financial assets individuals amass but by the positive impact they create on society through sustainable projects. Projects that are close to their hearts and which they believe to affect their immediate society in a deep and profound manner.

Based on this philosophy of contribution and giving back to the society, we identify these individuals as “Champions of Philanthropy” as part of our Global Wealth and Society Awards Programme.

Over the next few weeks until early October, our research team will be adding new names to the list and will be reaching out to them as part of the awards evaluation process.

The list below profiles selected Champions and their shortlisted projects across Africa, the Americas, Asia, Europe and the Middle East . In doing so, the list also tracks the way they are investing and deploying their wealth to bring about positive impacts on the society that they operate in.

Sokoun Chanpreda

Managing Director, HMD Asia - Cambodia


The Shinta Mani Foundation seeks to be a leader in responsible tourism. The goal of the Shinta Mani Foundation (SMF) is to enhance the lives of the individuals in the local communities where it operates – by increasing their human capital and providing them the tools to overcome the constraints of poverty. The Hospitality Training Center of Shinta Mani Foundation was founded by Mr. Sokoun Chanpreda, the owner of Shinta Mani Hotels, in 2004 in order to train underprivileged students hotel operation skills and help them find employment for a bright future. The hotel's hospitality institute opened its doors to poor students and gives them a free nine-month education in high-level restaurant and hotel work. More than 60 students have completed the program since it started in 2004, and all have managed to find jobs. After scraping by on as little as $5 a month, they can earn $80 to $120 upon graduation.

Toh Soon Huat

Executive Chairman, Sian Chay Medical Institution - Singapore


Toh Soon Huat sold all his shares in the company and established the Novena Foundation, starting to devote himself in philanthropy. It was then when Sian Chay Medical Institution, founded since 1901, was on the brink of collapse due to weak operations. Toh took over Sian Chay Medical Institution which is a charity organization with over a century’s history. Sian Chay Medical Institution is a social enterprise with social operation, serving the society. Over the years, Sian Chay actively participated in community charity events, promoted health awareness, and encouraged health care activities. Sian Chay also arranged professional hairdressers to each branch to offer regularly haircut for the elderly, distributed multi-functional umbrellas, daily necessities, food packages, living handbags and etc. Sian Chay is also striving to promote racial harmony and social stability through the platform of Sian Chay.

Leong Hoy Kum

Group MD, Mah Sing Group - Malaysia


Mah Sing Foundation (MSF) was formed in 2005; as part of Mah Sing Group Corporate Responsibility arm. MSF aims to fund initiatives and programmes in line with its 3 pillars (education, health & wellbeing and family & community) with a focus on children and local communities, forge strategic partnerships with NGOs and other local partners for sustainable impacts to the beneficiaries and instil altruism and volunteerism culture among employees. Over 40 schools and NGOs and more than 230,000 individuals, and over RM 2.1 million total donations made as well as 445 volunteers involvement have benefited.

Yoshiki Hayashi

Cofounder, X Japan - Japan


Through Yoshiki Foundation America, YOSHIKI has supported many humanitarian causes across the globe. YOSHIKI’s ongoing charity work includes supporting the Japanese Red Cross, the Make A Wish Foundation, the Points of Light Foundation, the Grammy Foundation, and multiple other organizations.

Wu Yuanxi

Chairman of Shenzhen Luhaicheng Group - China


In June 2018, Wu Yuanxi and Wu Yuangang donated $52.9 million to Lufeng City for the construction of two local schools. One of the schools, which opened in September, dates back to a Chinese classics academy from the 18th century. Yuanxi previously helped build seven other schools in the city, and in 2008 established the Wu Yuanxi Charity Foundation, which has supported over 1,000 poor students pursuing college education.

Suh Kyung-bae

CEO, Amorepacific Group - Korea


The Suh Kyung-bae Science Foundation in September awarded 10 billion won ($9 million), to be allocated over five years, to four South Korean scientists for research in neuroscience and genetics. Suh established the foundation in 2016 with a personal endowment of 300 billion won. Since 2017, the foundation has awarded 14 scientists grants of between 1.5 billion and 2.5 billion won. Suh pledged in 2016 to donate whatever was needed to bring the foundation’s total funding up to 1 trillion won. With those funds, the foundation plans in 2021 to increase the number of scientists who receive its grants to 25 a year; it aims to mark its 20th anniversary in 2036 by giving grants to 100 scientists.

Theodore Permadi Rachmat

Founder, Triputra Group - Indonesia


Mining and agribusiness tycoon Rachmat has since 2018 donated nearly $5 million toward his A&A Rachmat Compassionate Service Foundation, which supports educational opportunities, healthcare and orphanages. Launched in 1999 as a scholarship fund, the foundation has awarded scholarships to 21,000 recipients over the years, with Rachmat contributing $12.5 million. To ensure that students stay in school and learn effectively from an early stage, the foundation also organizes annual training programs for primary school teachers. In 2005, it expanded into healthcare with the Theodore ‘Teddy’ Rachmat foundation has providing funds for many clinics in various areas in Indonesia, which are used to but medical supplies and medicine. So far, there are 32 clinics in various areas in Indonesia that are funded by Teddy’s money, and these clinics have been successfully provided health services with more affordable costs to low income patients. These clinics provide super cheap healthcare services; for example, a patient can come and receive health services with only IDR 5,000 (around 50 cents) to IDR 20,000 (around $2) per visit to get consultation, diagnosis and medicine.

Fola Adeola

Founder of Guaranty Trust Bank, Plc - Nigeria


Adeola established the FATE Foundation in 2000. FATE is a non-governmental organisation which aims to encourage entrepreneurship, using a mix of training, mentoring, loan support and consulting to support young Nigerians. To date it has served over 30,000 young Nigerian entrepreneurs, of which over 65% are fully employed by their businesses and are employing on average about four staff. FATE opened an innovation centre in Abeokuta, the Institute for Venture Design, in collaboration with the Centre for Design Research at Stanford University, which runs an entrepreneurship program focused on engineering, technology, and innovation, and which aims to promote development of industry in Nigeria.

Tonye Cole

Co-founder and Executive Director of the Sahara Group - Nigeria


In addition to founding and running one of Nigeria's largest energy conglomerates, Mr. Cole also spearheaded and developed work carried out for the Sahara Foundation globally. He continues working to inspire the youth of Africa through charities such as his NGO, Nehemiah Youth Empowerment initiative, which aims to influence change in Africa by bringing together young and emerging leaders to develop and implement practical strategies that will produce positive outcomes for millions Through the Nehemiah Youth Empowerment Initiative, Cole regularly supports other foundations like the Down Syndrome Society, Slum2School Foundation, and Bethesda School for the Blind. He also serves on the advisory boards of various youth focused charities such Africa 2.0 Foundation and Sapinda Rainbow Foundation.

John J. Wood

Founder of Room to Read - American Samoa


Wood co-founded Room to Read in 2001 with Dinesh Shrestha and Erin Ganju. Operating in ten countries throughout Asia and Africa (Bangladesh, Cambodia, India, Laos, Nepal, South Africa, Sri Lanka, Tanzania, Vietnam and Zambia) the organization focuses on increasing literacy and gender equality in education in developing countries. Its programs develop literacy skills and a habit of reading among primary school children, and support girls to complete secondary school with the relevant life skills to succeed in school and beyond. Room to Read has over 37,000 partner schools, opened over 18,000 libraries filled with 26 million books, and published over 1,582 original new local-language children's book titles with local authors and artists. There are over 14.3 million children benefited from its literacy program.