Page 64 - Forbes - India (January 2020)

Cross Border

courteSy: tSao Foundation
million, Nishar has donated Mary Ann Tsao
roughly $1.5 million annually to
various causes. In 2019, Nishar
gave $1.5 million to a centre for
leadership at the Avasara
Academy, a girl’s school near
Mumbai that provides free
education to underprivileged
students. He was one of the early
donors to Ashoka University, a
private university, and in 2016
donated $1 million to SrCC
Children’s Hospital in Mumbai,
India’s largest paediatric hospital.
The tech entrepreneur has also
established three computer
education centres in southern
India, which provide free training.
“Being able to contribute in this
way makes me feel good,” says
Nishar.
● NAAzNEEN KArMAlI

Mary Ann

Tsao, 64
Director, Tsao Family office
sINGAPore
courteSy: tanG hoLdinGS
Through their Tsao Foundation, Member Countries’ Capacity in through his Yoshiki Foundation
64 Tsao and her family have donated Elderly Care”, to exchange America. Started in 2010, the
$2 million over the past year to knowledge on eldercare services. foundation has contributed to
caring for the elderly, bringing the disaster relief, orphanages, and
family’s total giving to $55 million ● JolIE TrAN treatment for children with
since the foundation was bone-marrow disease. He has also
established in 1993. As chairman, held concert fundraisers in Japan,
improve senior citizens’ quality of Tang Wee Kit, and in 2018 auctioned a drum set
Tsao oversees its primary goal to
for ¥6 million to fund the Japanese
life, enabling them to lead active 64 red Cross
social lives and age comfortably
at home. Among the foundation’s Chairman, Tang holdings ● JAMES SIMMS
notable initiatives: launching the sINGAPore
Hua Mei Mobile Clinic in 1993,
Singapore’s first health care To commemorate Singapore’s IU (Lee Ji eun),
service for homebound elders; bicentennial, the chairman of
and creating in 2016 the country’s investment and property group 26
first gerontological counselling Tang Holdings in May donated the headquarters, Tangs department
programme to train counsellors largest private collection of books store, and the Marriott Tang Plaza singer, Actor
and social workers on caring for and letters once owned by Sir Hotel. souTh KoreA
the elderly in community settings. Stamford raffles to the National
Tsao is the daughter of the late Museum of Singapore, saying it ● PAMElA AMBlEr The youngest to make the list, the
shipping magnate Frank Tsao, a belonged to the nation. raffles singer-actor, who goes by her
Shanghai-born entrepreneur who played a key role in establishing stage name IU, has given a total
founded the IMC Group. She also Singapore as a thriving British Yoshiki of 900 million won ($800,000)
leads the family’s investment trading port, attracting migrant to a variety of causes since 2018.
office, which has interests in workers like Tang’s father. Tang In April, she donated to Gangwon
property, manufacturing, F&B and owns 98 percent of Tang Holdings Hayashi, 54 Province to help fund relief efforts
investments. The foundation was and purchased his entire raffles Co-founder, X Japan after a massive forest fire left
formed in Singapore by her collection in two auctions, in JAPAN nearly 4,200 people homeless.
then-89-year-old grandmother, 2004 and 2005, for a total of She was the first of many
who convinced Tsao to leave her £560,000 ($730,000 in today’s After his home prefecture Chiba celebrities, including fellow K-pop
thriving career as a paediatrician dollars). Tang Holdings in 2015 was hit in September by a typhoon, stars PSY and Suzy Bae, to donate
in New York to help build the donated $750,000 to ethnic Hayashi donated ¥10 million to that cause. In March, she made
organisation. In 2017, the Asian charities and needy ($92,000) to help victims there. a donation to the Seoul
development Bank appointed the schoolchildren to mark the 20th The leader of the popular Japanese Association of the deaf after
Tsao Foundation as a partner in its anniversary of its flagship band X Japan, Hayashi, who resides starring in a drama series that
$2.5 million project on Singapore property, Tang Plaza, in los Angeles, has contributed to highlighted the lives of deaf and
“Strengthening developing which houses the company’s causes mainly in Japan and the US speech-impaired individuals. In

forbes indiA • january 31, 2020