Multimillionaire bulldozes slum he grew up in. But Why?

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A Chinese multimillionaire has demolished the slum he grew up in, to replace it with luxury accommodation for everyone who lives there.

Multimillionaire Xiong Shuihua

Multimillionaire Xiong Shuihua

Xiong Shuihua was born near the city of Xinyu in southern China’s Jiangxi province in 1955 and said that his family had always been well looked after, and helped and supported by the other villagers.

So when 54-year-old Shuihua ended up becoming rich beyond his wildest dreams working in the steel industry he decided to repay their kindness, by returning to the village and giving everybody a place of their own to live.

The entrepreneur builds 72 free homes for people in his home village

The entrepreneur builds 72 free homes for people in his home village

A total of 72 families were given large luxury flats in the new housing complex that he created. And 18 families who were particularly kind to the businessman were given villas of their own in a project costing close to $6.3 million.

He also promised three meals a day to the elder residents and people on a low income to make sure they can get by.

‘I earned more money than I knew what to do with it, and I didn’t want to forget my roots. I always pay my debts, and wanted to make sure the people helped me when I was younger and my family were paid back.’ said Xiong Shuihua.

Inside The Luxury Homes

Inside The Luxury Homes

Elderly local Qiong Chu, 75 mentioned ‘I remember his parents, they were kind-hearted people who cared very much for others, and it’s great that their son has inherited that kindness.’