Hong Kong Billionaire
Ronnie Chan was born into one of the most fortuitous situations one could imagine. His father, T.H. Chan, fled the Chinese Civil war, and safely made it to Hong Kong. There he founded an extremely successful property development company, Hang Lung Group. This business brought his family wealth and comfort, and in time, his son Ronnie was able to take over the family business.Unlike his father, after assuming the role of Chairman, Ronnie almost immediately took the business into Mainland China. He developed two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66. The success of these properties enabled him to expand aggressively throughout the mainland to places like Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan. Of course, this wasn’t just because of his own skill. This required the approval and support of Communist Part officials, which comes at a price. BY 1996, Ronnie began providing financial assistance for mainland students to study at top Chinese universities. Seemingly odd, for someone who nominally was loyal to Hong Kong. Then there is the case of his $350 million donation to Harvard University. The donation was made from the Morningside Foundation, which is the family foundation of Mr. Chan. Therefore, you would assume his family funds the foundation, but you would be wrong. Donations to Morningside are being transferred at up to US$60 million a year, but sometimes in multiple US$8.5 million transfers, from what appears to be multiple shell companies associated with the British Virgin Islands, Monaco, and Bettendorf, Iowa. Now why would one intentionally make a funding scheme so opaque? Maybe because the $350 million donation isn’t coming from Ronnie Chan, but rather from the CCP, who are using his family and philanthropic edifice as cover for their influence.
Sources: Harvard Donations  Morningside Foundation funding