Film Magnate Gives Oxford $16.5 Million
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OXFORD, England — Hong Kong film magnate Sir Run Run Shaw has given Britain’s prestigious Oxford University $16.5 million to endow an institute for Chinese studies, the university said today.
“This magnificent donation will enable the study of China, whose people make up one-quarter of the world’s population, to take its rightful place at Oxford,” said the university’s vice chancellor, Sir Richard Southwood.
A university spokeswoman said the gift is the biggest single donation made so far in a five-year fund-raising campaign launched by Oxford in 1988.
The campaign has raised $170 million and aims to raise another $365 million.
Shaw, 82, built up a film empire based on action-packed epics, especially kung fu movies. He also invested in amusement parks, hotels, banking and real estate.
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