Wealthy Americans Bill Gates and Warren Buffett say they are encouraged to see that China”s super-rich have enthusiasm for philanthropy.
Philanthropy was at the top of the agenda for America”s richest man, Microsoft founder Bill Gates, who met with about 50 of China”s wealthiest people at a highly publicized banquet in Beijing.
On Thursday, he compared the United States and China, and said wealthy donors in both countries have similar concerns, such as how to make an impact and how family members should be involved. But he says there are important differences.
“The main difference I think is that wealth here is so new, a lot of these non-profit groups have not been developed, and the notion of what is the role of government versus philanthropy is still being developed,” Gates said.