Yale University announced Monday that it recently received a large donation:
Lei Zhang MBA ’02, GRD ’02 has pledged the largest gift ever to the Yale School of Management by a graduate of the school. Zhang’s pledge, made less than 10 years after his graduation from Yale, also represents the largest gift to date from a young Yale University alumnus.
Yes, the largest and weirdest gift. Zhang, the founder of Hillhouse Capital Management, a Chinese money management company, has donated exactly $8,888,888.00 to the school. Eight is considered a lucky number in Chinese culture.