One fifth will go towards the preservation of relics, with the rest being used for staff training and research.
Cui earned the 100 million yuan by selling one of his paintings to the chairman of Star River Property Holding, Ltd., a real estate company in south China’s Guangdong Province.
The painter said he owed much to the Palace museum, as he had spent many hours there practising sketching since he was young. He said he wanted to return the favour.
Cui Ruzhuo’s painting exhibition at the Palace Museum opened on Thursday and will last until May.