Chinese yard tycoon Ren Yuanlin has given away his $750m shareholding in Yangzijiang Shipbuilding to aid the elderly.



The 27.83% slice of the shipbuilder was awarded in March to his own Yuanlin Charity Foundation that helps China’s senior citizens, he has revealed.

In an interview with the Irish Times during a visit to Monaco, he said: “If you have a glass of water, you can drink it by yourself.