(PRWEB) June 17, 2004
Billionaire ex Sex Baron donates five million euros to the Chinese Nanchang Orphanage located in Jiangxi Province.
Minister Li Zhaoxing of the China's Ministry of Foreign Affairs stated today at a public hearing before the National People's Congress that Billionaire Stephen Michael Cohen (a citizen of Monaco) donated last week 5 million euros (US$6,050,000 million) to the Chinese Nanchang Orphanage located in Jiangxi Province.
Minister Li Zhaoxing stated that Mr. Cohen money was earned while he was the owner of a web site called Sex.Com. I am pleased to inform the NPC that Mr. Cohen changed his career from that of a life of pornography to that of a respected businessman who turned into a welcomed philanthropist.
The minister went on to report that Mr. Cohen's corporations own several hotels, casinos and a construction company who is doing business in China.
We in the Ministry are delighted with Mr. Cohen's donation and his personal desire to help children in need. We are most impressed with Mr. CohenÂs lifestyle and career change.
Xinhua News Agency
(Xinhua News Agency June 14, 2004)