Gates, Buffett talk to China wealthy about charity

[saigon68]

Source: Associated Press

Alexa Olesen, Associated Press Writer, On Thursday September 30, 2010, 2:43 am EDT

BEIJING (AP) -- Microsoft co-founder Bill Gates and billionaire investor Warren Buffett said Thursday they were impressed by the passion they saw among China's super rich for giving back to society during a dinner for Chinese millionaires. The American businessmen said they will try to hold a similar event in India next year.

The dinner to discuss philanthropy -- hosted by Gates and Buffett in a mansion on the outskirts of Beijing -- initially sparked concern among some of China's wealthy that they would be pressured into contributions

There are at least 875,000 U.S. dollar millionaires in China, according to Shanghai-based analyst Rupert Hoogewerf, who studies China's wealthy. On Thursday, his Hurun Rich List announced that beverage billionaire Zong Qinghou, the founder of Hangzhou Wahaha Group, was China's wealthiest person, with $12 billion. The list also said China may now have the most billionaires in the world. But over the past decade, the distribution of wealth has grown increasingly uneven -- incomes averaged just $3,600 last year.

"Buffett is 80 years old. He has a smiling face and speaks with gratitude and listens to each question carefully," Zhang wrote on her blog. "He's a wonderful person. He said, 'I haven't sacrificed anything for charity. I don't need to save on food or other things for a donation.' His humbleness is so moving."

Read more: http://finance.yahoo.com/news/Gates-Buffett-talk-to-China-apf-2540128569.html?x=0&sec=topStories&pos=8&asset=&ccode=

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BARF ALERT-----

A military run Fascist Dictatorship. Just like Nazi Germany.

[Ikonoklast]

1. I bet they all had a good laugh after the Americans left.

"These guys crack me up! I'd starve a million peasants before I'll give them one yuan of my hard-earned money! There's plenty more unskilled dirt farmers looking for work that I can hire for next to nothing, tomorrow!"