Yale School of Management Receives Alumni Gift of $8,888,888

Yale School of Management Receives Alumni Gift of $8,888,888Yale School of Management Receives Alumni Gift of $8,888,888The Yale School of Management started off the new decade well Lei Zhang, a 2002 MBA graduate, pledged $8,888,888 to the business school primarily for the construction of the business schools new campus. A percentage of the donation will also go to scholarships for the Yale international relations program through the Jackson Institute of Global Affairs. Mr. Zhang worked for the Yale Investments Office after graduation and before starting his own hedge fund, Hillhouse Capital Management Ltd., based in Beijing.Mr. Zhangs donation is special for two reasons. First, it is the largest schadstoff in Yale SOM history. Second, the number eight is believed to be lucky in Chinese culture, making $8,888,888 a particularly auspicious number.