Wang Jianlin, Board Chairman and President of Wanda Group, based in Dalian, northeast China's Liaoning Province, has donated 1 billion yuan ($150 million) from his personal finances for the restoration of the Grand Bao'en Temple in Nanjing, Jiangsu Province. The donation is the all-time largest from an individual donor on the Chinese mainland.

Wang said his donation was out of respect toward traditional Chinese culture, even though he is not a Buddhist. The donation he has promised will be presented to the China Charity Federation by December and the federation will transfer the funds to Nanjing.

Wang, 56, became board chairman and president of Wanda Group, one of Asia's largest property developers, in 1993. With a total fortune of 28 billion yuan ($4.18 billion), he ranks 16th on Forbes magazine's 2010 China Rich List. The Wanda Group's website says, over the past 20 years, 2.7 billion yuan ($403 million), either from Wang's personal wealth or company profit, has been given out in philanthropy.

The Grand Bao'en Temple, first built in 1412, was destroyed in war in 1854. In August 2008, part of Buddha's parietal bone was unearthed in the temple.