He gave $20 million to help build Frank Gehry's `crumpled paper bag' landmark in Sydney, he bought James Packer's $70 million mansion and now he's donated $15 million to the University of Sydney.
Australian-Chinese billionaire businessman Chau Chak Wing's name will be cemented in a new museum that will showcase works from the university's never-before-seen art collection as well as Chinese art and artefacts.
Opening in 2018, the museum will have a 240-seat lecture theatre, conservation laboratories and 1800 square metres of exhibition space and galleries.
Dr Chau said it's crucial that cultural heritage is passed on to future generations.
"I hope that this collaboration will further promote education and enlighten people, building a platform for greater international cultural exchange," Dr Chau said in a statement on Wednesday.
The lack of exhibition space has limited the university's display, with 99 per cent of the 700,000 objects estimated to be in the three collections hidden away.
Sydney University's vice-chancellor Dr Michael Spence said Dr Chau's generous donation will bring justice to the artworks by displaying them all together in one building.
"The museum will enrich the cultural life of the Australian community and our international visitors," Dr Spence said on Wednesday.
"It will give academics, students and the community a new appreciation of the relevance and value of the collections."
The university's Macleay and adjacent Edgeworth David Building will be redeveloped and connected via a modern extension to house the 6000 square metre museum.
Last month, Dr Chau was revealed as the buyer of Mr Packer's luxury Vaucluse mansion in Sydney's eastern suburbs but is most well known for his generous donation to the Gehry-designed UTS building unveiled in February.
The estimated $60-70 million price tag for the Packer pad set the record for the highest price ever paid for a residential property in Australia, topping the previous Sydney record of $52 million paid in 2013 for the Point Piper mansion Altona.
