His worth is estimated at $750 million.
"Our thought was if someone wants to treat them to an amazing event — something they would never experience on their own, maybe even a kernel of hope that life could be different again, we're in for that reason," said the shelter's executive director, Craig Mayes.
But Chen's American ambitions surpass philanthropy.
Earlier this year, the 46-year-old businessman wanted to buy The New York Times. Times chairman Arthur Sulzberger, Jr., said the newspaper was not for sale.
To announce the lunch, Chen placed ads in the Times and The Wall Street Journal.
Chen has been deemed eccentric from his theatrical antics.
To protest air pollution in Beijing, he stood on a street corner handing out cans marked "Fresh Air." Chen also rushed to the scene of a massive earthquake in Sichuan and handed out cash to victims. On Tuesday in New York City, he was on the street offering $100 bills to anyone who looked like they needed money. His English language business card reads: "MOST CHARASMATIC PHILANTHROPIST OF CHINA."