Tycoon Chen Guangbiao takes 250 homeless men out to restaurant

Chinese Businessman Chen Guangbiao performs a magic trick during a luncheon he organized for 1,000 poor New Yorkers at the Loeb Boathouse restaurant in Central Park in New York

Chinese recycling magnate worth approximately $400 million and the self-proclaimed "most influential person of China", hosted a lunch for more than 200 homeless people. Guangbiao, performed magic tricks and gave away money to homeless people, who were brought in on buses from New York City Rescue Mission. "I have visited the U.S. every month since last November, I see many homeless people, poor people on the streets, searching for food in the garbage bins," Chen said about his latest charity donation. As the event ended, confusion and frustration erupted amongst the attendees, as Guangbiao had promised each person $300, but later revoked the deal and donated $90,000 to the New York City Rescue Mission instead.