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WATCH: Chinese tycoon to treat homeless to lunch

NEW YORK – A Chinese tycoon is feeding hundreds of homeless New Yorkers some fancy food – in Central Park.

The lunch for 250 residents of a Manhattan shelter will be served Wednesday at the Boathouse restaurant.

Recycling magnate Chen Guangbiao is offering them sesame-seed-encrusted tuna, beef filet and berries with creme fraiche.

He’ll also provide entertainment by singing “We are the World.” And he’s promised each guest $300.

Chen says he wants to disprove the cliche image of rich Chinese spending money mostly on luxuries.

But his American ambitions surpass philanthropy.

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