Well known philanthropist to donate in Buffet and Gates charity event
China’s well known philanthropist Chen Guangbiao said that more than 100 Chinese entrepreneurs had already responded to his request to donate their personal wealth to society. The appeal came when a Chen noticed the unwillingness of China’s rich to part with their money for a good cause.
Only a small number of businessmen accepted the invitation to a charity event hosted by Warren Buffet and Bill Gates. These entrepreneurs only made pledges after Chen announced that he was going to donate all his personal wealth to Gates and Buffet charity call. Chen said the donors didn’t want to be identified by the media and he respected their charitable spirit.
Chen is the CEO of a resource recycling company, and have donated a total of 1.34 billion yuan over the past ten years. In 2009 he donated 313 million yuan or 77 percent of his company’s profits. He was also the first businessman to announced his intent to attend the charity event.