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Giving pledges by rich disclosed
Source: Xinhua |
02:24 UTC+8 September 16, 2010
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Print Edition
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A CHINESE multi-millionaire said yesterday that he had persuaded more than 100 entrepreneurs to donate all their personal wealth, ahead of a visit by two of the world's richest men to promote philanthropy.
Chen Guangbiao, who is worth an estimated US$440 million according to last year's Hurun rich list, and who is already one of the country's top donors to good causes, has said he will leave his entire fortune to charity when he dies.
Chen said the entrepreneurs made the charity pledges after he announced plans to donate 100 percent of his personal wealth in response to a charity call by Bill Gates and Warren Buffett, who will host a charity banquet on September 29 in Beijing.
The remark came amid a stir over the apparent unwillingness of China's rich to part with their money for good causes after only a small number of Chinese businessmen accepted invitations to the charity event.
"Although the pledge-makers do not want to be exposed to media, I give my sincere respect to their charity spirit," he said.
Chen is CEO of a resources recycling company in east China's Jiangsu Province. He has said that he had made charitable donations worth 1.34 billion yuan (US$197 million) over the past 10 years. In 2009 alone, he donated 313 million yuan, accounting for almost 78 percent of his company's profits that year.
He was among the first businessmen in Chinese mainland to announce plans to attend the charity banquet.
Chen said he would ask Gates and Buffett to recommend to him the best place to study charity in the United States, so he can take his family to learn more about philanthropy.
In June, Gates and Buffett initiated a project called The Giving Pledge, aimed at persuading US billionaires to give much of their wealth to charity. The duo said on Tuesday they do not intend to pressure China's richest to pledge away their fortunes at the Beijing dinner.
Chen Guangbiao, who is worth an estimated US$440 million according to last year's Hurun rich list, and who is already one of the country's top donors to good causes, has said he will leave his entire fortune to charity when he dies.
Chen said the entrepreneurs made the charity pledges after he announced plans to donate 100 percent of his personal wealth in response to a charity call by Bill Gates and Warren Buffett, who will host a charity banquet on September 29 in Beijing.
The remark came amid a stir over the apparent unwillingness of China's rich to part with their money for good causes after only a small number of Chinese businessmen accepted invitations to the charity event.
"Although the pledge-makers do not want to be exposed to media, I give my sincere respect to their charity spirit," he said.
Chen is CEO of a resources recycling company in east China's Jiangsu Province. He has said that he had made charitable donations worth 1.34 billion yuan (US$197 million) over the past 10 years. In 2009 alone, he donated 313 million yuan, accounting for almost 78 percent of his company's profits that year.
He was among the first businessmen in Chinese mainland to announce plans to attend the charity banquet.
Chen said he would ask Gates and Buffett to recommend to him the best place to study charity in the United States, so he can take his family to learn more about philanthropy.
In June, Gates and Buffett initiated a project called The Giving Pledge, aimed at persuading US billionaires to give much of their wealth to charity. The duo said on Tuesday they do not intend to pressure China's richest to pledge away their fortunes at the Beijing dinner.
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