Kieu Hoang Donates $5 Million to Hurricane Harvey Relief in Houston

The Californian billionaire and Vietnamese immigrant holds Houston close to his heart.

By Katharine Shilcutt September 11, 2017

You may have already heard of the generous donations made to Hurricane Harvey relief efforts by billionaires such as Les Alexander and Michael Dell, who gave $10 million and $36 million respectively. Today, another billionaire stepped forward to help Houston—though you may never have heard of California health sciences innovator Kieu Hoang.

Hoang has a net worth of $2.9 billion according to the latest Forbes rankings, and gave $5 million of that to the Hurricane Harvey Relief Fund. The announcement came during a live press conference this afternoon. 

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Billionaire philanthropist Kieu Hoang has given $5 million to the Hurricane Harvey Relief Fund.

Image: Via Facebook

"I come here to thank the American people who allowed us to come to this country as a refugee in early 1975," Hoang said in a speech today. Born in Vietnam in 1944, he helped others from the country flee to the United States at the end of the Vietnam War in 1975 before finally coming to California himself. There, he got his first job through a church that sponsored his family; it paid $1.25 an hour.

Today, Hoang owns several companies, including Shanghai RAAS Blood Products, which he founded in 1992. It's worth $14.5 billion and sits at No. 4 on Forbes' list of the World's Most Innovative Companies.

"No amount of money, even trillions, will bring back the life of the 70 or so Houstonians who perished," Hoang said today, Mayor Sylvester Turner at his side. "However, I have come to pray that their souls will be with God."

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