What to Read Next

$150 million dowry for Chinese businessman’s daughter

Jessica Ferri
Shine from Yahoo! Canada
January 2, 2013

Bringing new meaning to the phrase 'happy couple,' Chinese businessman Wu Duanbiao gave his daughter and her husband a dowry worth nearly $150 million in celebration of their wedding on Sunday, according to the South China Morning Post. 

Wu, who is the chairman of the ceramics firm Fujian Wanli Group, gave his daughter and her new husband four boxes of gold jewelry, millions of dollars deposited into their bank account, donations to local charities in their names, shares in the ceramics firm, two cars, and "an impressive property portfolio." A spokesman for Wu's firm confirmed the dowry.

The groom's finances have vastly improved since his marriage on Sunday. He only makes about $24,000 a year, and "gets his bread from the government," according to the Daily Mail. The bride and groom have known each other since they were in kindergarten.

See more: World's longest-married couple stress communication, laughter and lots of veggies

Reports of the Wu dowry and photographs of the bounty were published by the South China Morning Post on Monday. The story follows a report by Chinese newspaper the Apple Daily claiming that marrying a daughter from this province in China is "
better than robbing a bank." 

The dowry practice isn't uncommon in China, especially in the Fujian province. The tradition is believed to ensure that the bride will be treated well by her husband and in-laws. Just last month, two other billionaires gave their daughter and niece dowries totaling in the millions. 

On a community board for International China Dating Services, several people had questions over how much dowry they would be expected to pay for a Chinese wedding, or if the dowry tradition was a necessity. One commenter from Copenhagen wrote, "Dowry is a tradition and Chinese culture. When you refuse to pay, then they do not believe you love their daughter enough. I know it is not true, but I have to recommend you: Just pay and live happily with your girlfriend/wife."

See more: Relationship goals for 2013


The popularity of the dowry payment amongst elites in the Fujian region is in contrast to the rest of the country, where eligible women are becoming a rarity, due to China's laws about single births and the preference for male over female babies. In fact, most single men in China pay fees upwards of $30,000 to find a bride, according to a report from The Hindu. 

The closest comparison to the dowry tradition in the United States is the expectation that the bride's family will pay for the wedding, but like all traditions, that one is changing with the times. According to Psych Central, only 17 percent of couples have their parents foot the bill, with most choosing to share the financial burden with their family.

How to buy a wedding giftBuying a couple a wedding gift has never been easier thanks to online registries and wedding websites. So why is it still so complicated? Here with gift etiquette advice is Carley Roney of The Knot.



Get vitamins here. Change lives everywhere.

For kids like Rosemary, proper nutrition makes a big difference. See how you can help kids everywhere just by buying your vitamins at Walgreens.

Banks Are Worried Homeowners Will Do This.

Homeowners are surprised and furious. If you owe less than $625,000 on your home, you better read this.

Bounce Back From The Holidays & Transfer A Balance

Holiday fun means holiday spending. Don't pay interest on your purchases for up to 15 months with the top ranked balance transfer credit cards.

VA Mortgage Rates In 2016

VA Rates as Low as 2.75% (3.028% APR) 15 Year Fixed. Exclusive For Veteran & Military Takes 1 Min!

Read This Before You Buy Medigap Plan F

Plan F is the most popular Medicare Supplement plan, but there's another Medigap option you should consider.

Business Circle brought to you by AT&T

Where Business Owners Share Tech Answers that Matter. Visit Today and Gain Access to Tools and Advice that Help Solve Small Business Challenges.

9 Cards for People Who Have Great Credit

What card offers up to 5% cash back? And which one offers 24/7 concierge service? See the best credit cards of 2016. Apply online, quickly & easily.

Drivers With No Tickets In 3 Years Must Read This

If you drive less than 50 miles per day, there is a way to pay less for auto insurance that few people realize. Are you overpaying?

Shift into High Gear

Get the training you need for a career you ll love. Click here to learn more about MMI.

This Movie Deal Is Sure To Get Your Attention!

Get 4 Disney Movies For $1 With Membership. See Details. Exclusive Titles, Merchandise, Offers & Discounts. Plus, Free Shipping On Your Initial Order!

How Can Refinancing Your Student Loans Save Money?

SoFi can help you reduce your student loans and help you pay off your debt hassle free!

How Older Men Tighten Their Skin

Men, reduce the look of wrinkles, sagging skin and fine lines with this affordable and effective skin tightening treatment without leaving your home.

Amazon Prime Video, Wherever You Go

Stream thousands of movies and shows. Watch anywhere, even offline.

Starwood Credit Card

Earn 25,000 Bonus Starpoints®! Use toward Award Nights or Flights.