Philanthropist Passes Away

(FILE)

Hong Kong media mogul and philanthropist Run Run Shaw passed away at the age of 107 on January 7.

As one of the most influential figures in Asia's entertainment industry, Shaw co-founded the well-known Shaw Brothers Studio, which was one of the largest film production companies in Asia, and also founded Television Broadcasts Limited, which remains the dominant television company in Hong Kong.

Over the years, he has donated more than HK$3.2 billion ($413 million) through the Shaw Foundation, mostly to causes in China, including charities, schools and hospitals. He also created the Shaw Prize, which offers up to $1 million annually for individuals making achievements in astronomy, mathematics, as well as life and medical sciences.