Hong Kong property and shipping magnate Cecil Chao Sze-tsung announced he would offer HK$500 million (about $65 million) to the man who can woo and marry his 33-year-old daughter, Gigi Chao, the South China Morning Post reported.
"It is an inducement to attract someone who has the talent but not the capital to start his own business," Chao told the BBC.
"I don't mind whether he is rich or poor. The important thing is that he is generous and kind-hearted," he added. "Gigi is a very good woman with both talents and looks. She is devoted to her parents, is generous and does volunteer work."
According to the Post report, the announcement came just one week after Chao's daughter revealed she had married her female partner of seven years, Sean Eav, in France earlier this year.
The tycoon, 76, told the Post the reports of his daughter being married were "false." According to the article, same-sex marriage is not legally recognized in Hong Kong, although civil unions are performed in France.
Chao, whom the Post describes as "Hong Kong's pre-eminent playboy tycoon," told the BBC that Gigi Chao was single and needed a "good husband." Chao has never married himself, and he once claimed to have slept with 10,000 women, the South China Morning Post reported.
According to the BBC, Chao said he wouldn't force Gigi to marry a man against her will.
Gigi Chao runs Haut Monde Talent, a modeling and public relations company. She is the first of three children that Chao had with different women, according to the Global Post.
More world stories from NBC News:
- Libya leader to NBC: Film had 'nothing to do with' US Consulate attack
- Royal censorship? BBC 'sorry' for daring to report queen's comments
- China brings 1st aircraft carrier into service, joining 9-nation club
- Two baby gorillas rescued in Congo; escalation of smuggling feared
- Taiwanese ships clash with Japanese coast guard over disputed islands
- Robbers try to blow up ATM, but blow up entire bank instead
- Class wars: 'Gate-gate' scandal swamps UK PM
- Religious pilgrimages: a multi-billion dollar industry
- Ancient land of 'Beringia' gets protection from US, Russia
- Stay informed: Sign up for our newsletter