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 <meta name="description" content="&lt;p>Kieu Hoang knows what it’s like to feel helpless and desperate.  Growing up in rural Vietnam “barefoot and shirtless,” according to Forbes, Hoang’s earliest years were “very difficult.”  Today, many in Houston find themselves in an equally precarious position after suffering through Hurricane Harvey. That’s why Hoang, now worth $2.9 billion, announced Monday he would donate $5 million to improve the lives of the city’s most vulnerable residents.&lt;/p>"/>
 
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<h1>Meet the billionaire immigrant who just made one of the largest donations to Hurricane Harvey relief</h1>
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 <span class="time">9/13/2017</span>
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<p>Growing up in rural Vietnam “barefoot and shirtless,” <a href="https://www.forbes.com/sites/katevinton/2015/09/29/vietnamese-american-blood-plasma-billionaire-debuts-on-forbes-400/#449dbffb6b7a">according to <em>Forbes</em></a>, Hoang’s earliest years were “very difficult.”</p><p>Today, many in Houston find themselves in an equally precarious position after suffering through Hurricane Harvey. That’s why Hoang, now worth $2.9 billion, <a href="http://www.chron.com/news/houston-texas/houston/article/Immigrant-business-leader-pledges-5M-in-Harvey-12188775.php">announced Monday</a> he would donate $5 million to improve the lives of the city’s most vulnerable residents.</p><p>“Dr. Martin Luther King said ‘I have a dream,'” Hoang said at the announcement of his gift alongside Houston mayor Sylvester Turner. “Thanks to the American people’s help, I have realized some small dreams. … A dream to have immigration laws so that a lot of people do not live in constant fear of being deported. A dream to allow immigrants like me to come into this great America to make it greater.”</p><p>Hoang expressed concern in particular for immigrants affected by the storm, given the current political climate. “Did you realize a lot of Houstonians dared not to check into shelter centers for help, as they are scared to be discovered and deported?” he said. “God help America (to) help them.”</p><p>In an interview with <em>Money</em>, Hoang, who lives in California, explained why he wanted to help people who live so far away.</p><p>“Regardless of party affiliation, Republican, Democrat, Independent, sex, race, color, white, black, black, brown, red, yellow, we are all American,” he said.</p><p>Hoang is perhaps the most financially successful Vietnamese to immigrate to America in the aftermath of the Vietnam War, a story owed to both luck and force of will.</p><p>At the age of 5, he was sent from his rural village in the middle part of the country to Saigon in the south to be raised by his uncle, a successful composer. Hoang spent one year at university studying science before volunteering as an interpreter for U.S. forces. In 1975, at age 31, he left for America, but not before using his U.S. Army connections to secure visas for others to leave the country — the first hint of his desire to help others in need.</p><p>He settled in Simi Valley outside Los Angeles, having been sponsored by the Westlake Village Women’s Club and the United Methodist Church of Westlake Village. A church member who worked at Abbott Labs interviewed Hoang for an entry-level job. “With my intelligence I will be able to learn” whatever is needed, he told the company, according to <em>Forbes</em>. He was hired, and first earned $1.25 an hour.</p><p>He wasn’t bluffing. Within a year Hoang was promoted to manager, and eventually director responsible for testing plasma samples. “I’m proud to say I got the first Bureau of Biology [early FDA] license for doing testing on plasma samples for Abbott labs,” he told <em>Forbes</em>.</p><span class="storyimage fullwidth inlineimage" data-aop="image"><span class="image" data-attrib="Courtesy of Kieu Hoang" data-caption=""><img alt="" height="225" src="//img-s-msn-com.akamaized.net/tenant/amp/entityid/AArSnuN.img?h=225&amp;w=300&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=894&amp;y=686" width="300" /></span><span class="caption truncate"><span class="attribution">© Courtesy of Kieu Hoang</span></span></span><p>A few years later, Hoang decided to strike out on his own and founded his own plasma lab, called <a href="https://www.raasnutritionals.com/pages/about-us">Rare Antibody Antigen Supply</a> (RAAS). By 1985, RAAS had 11 centers spread across the United States.</p><p>The true turning point in Hoang’s fortunes came when he decided to begin providing services in China — long before most major U.S. companies thought of doing so. He struck up a partnership with Shanghai Blood Center, and by 1992 had established a separate Chinese corporate entity, Shanghai RAAS.</p><p>Today, that company is worth $14.5 billion <a href="https://www.forbes.com/companies/shanghai-raas-blood-products/">according to <em>Forbes</em>,</a>which also lists it as the 4th-most innovative company in the world.</p><p>In the past decade or so, Hoang’s attention has turned toward two activities — charity and wine. For the latter, he purchased the Michael Mondavi Family winery in June 2014; its bottles mostly enter the Chinese market.</p><p>As for the former, in 2005, Hoang returned to Vietnam for the first time since fleeing, building 5,000 homes as well as roads, bridges, temples, and schools, <a href="https://www.raasnutritionals.com/pages/about-us">according to a company website</a>. Just a few months before arriving in Houston with a gift of $5 million, Hoang donated $5 million to victims of flooding in San Jose, Calif.</p><p>He is particularly focused on making sure his money goes to the people it was intended for. He told <em>Money</em> that Bill Gates and Warren Buffett, who have “big hearts,” don’t always have the time to see the fruits of their charitable efforts.</p><p>“I want to see the worst area,” Hoang said at the time, <a href="http://www.mercurynews.com/2017/03/01/san-jose-flood-vietnamese-billionaire-will-donate-5-million-to-help-victims/">according to the <em>San Jose Mercury News</em></a>. He made the comments while walking through a flooded neighborhood and wearing a face mask before entering a crumbling apartment complex. “I want to step on the mud with my shoe.”</p><p>Hoang said he is currently in talks about making a contribution to Hurricane Irma relief efforts.</p><p><a href="http://time.com/money/4937130/hurricane-harvey-relief-5-million-kieu-hoang/">This article was originally published on Money.com</a></p><p></p>
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<img alt="&lt;p> President Trump will finally reveal his $1.5 trillion plan to repair America&#39;s crumbling infrastructure on Monday. &lt;/p>&lt;p> But his proposal isn&#39;t expected to include extensive federal funding to states to help rebuild failing highways, bridges, airports, and water systems. Instead, Trump wants states and local government to provide the bulk of the funding. &lt;/p>&lt;p> Regardless of who pays for it, though, one thing is clear: America&#39;s infrastructure is in dire need of repairs. &lt;/p>&lt;p> According to the American Society of Civil Engineers&#39; &lt;a href=&quot;http://www.infrastructurereportcard.org/&quot;>2017 &lt;/a>&lt;a href=&quot;http://www.infrastructurereportcard.org/&quot;>Infrastructure Report Card&lt;/a>, which is published every four years, US infrastructure gets a D+ grade. It got the same grade in 2013. &lt;/p>&lt;p>The ASCE estimates the US needs to spend some &lt;a href=&quot;http://www.businessinsider.com/us-invest-over-4-trillion-by-2025-to-fix-infrastructure-2017-3?utm_source=msn.com&amp;amp;utm_medium=referral&amp;amp;utm_content=msn-slideshow&amp;amp;utm_campaign=bodyurl&quot;>$4.5 trillion by 2025&lt;/a> to improve the state of the country&#39;s roads, bridges, dams, airports, schools, and more. &lt;/p>&lt;p>The report breaks down the state of infrastructure in 16 different categories. Here&#39;s a look at each category&#39;s final grade, according to the organization. &lt;/p>" height="72" src="//img-s-msn-com.akamaized.net/tenant/amp/entityid/BBJ2tiI.img?h=72&amp;w=96&amp;m=6&amp;q=60&amp;u=t&amp;o=t&amp;l=f&amp;x=891&amp;y=321" title="President Trump will finally reveal his $1.5 trillion plan to repair America&#39;s crumbling infrastruct... - Dale Kolke / California Department of Water Resources via Reuters" width="96" /> <h4>America&#39;s infrastructure is crumbling — see how bad it is</h4>
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<img alt="Business Insider Logo" height="16" src="//img-s-msn-com.akamaized.net/tenant/amp/entityid/AA3dTgi.img?h=16&amp;w=16&amp;m=6&amp;q=60&amp;u=t&amp;o=t&amp;l=f" width="16" /> Business Insider
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<img alt="&lt;p>Though the presidency of the United States is a prestigious job, it does not pay as well as one might think. The annual presidential salary is $400,000, While this is still within the top 1% of American earners, it is very little when compared to the typical compensation given to America’s CEOs and executives.&lt;/p>&lt;p>However, many men who have occupied the highest office in the land did not need any salary at all. The presidency has long been a position held by men who had already inherited fortunes or earned them during their lifetimes.&lt;/p>&lt;p>In America’s early days, only property-owning white men were allowed to vote. Consequently, only the wealthy first participated in American politics, meaning the first presidents were all extremely well off.&lt;/p>&lt;p>With time, voting restrictions loosened, campaign finance regulations tightened, and people with more modest backgrounds began to rise to the presidency. Several U.S. presidents were either poor or in debt when they were elected president.&lt;/p>&lt;p>However, even as all these things have changed, the fact remains that the majority of presidents are independently wealthy, and only a very small number could have been fairly called poor at any point in their lifetimes. Fame and wealth continue to have an outsized impact on public perception. Wealth and the influence that can accompany it have not lost relevancy. President Donald Trump was able to leverage his personal wealth and fame to fund the majority of his successful political campaign.&lt;/p>&lt;p>24/7 Wall St. examined the finances of every American president, from George Washington, to Donald Trump. For the purposes of comparison, we provided net worth figures for each president in current dollars. Because a number of presidents, particularly in the early 19th century, made and lost huge fortunes in a matter of a few years, we only provided each president&#39;s net worth at their peak.&lt;/p>" height="72" src="//img-s-msn-com.akamaized.net/tenant/amp/entityid/BBJ3jYM.img?h=72&amp;w=96&amp;m=6&amp;q=60&amp;u=t&amp;o=t&amp;l=f&amp;x=649&amp;y=252" title="Though the presidency of the United States is a prestigious job, it does not pay as well as one migh... - Petr Kratochvil / Public Domain Pictures" width="96" /> <h4>The net worth of America&#39;s presidents: From Washington to Trump</h4>
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