By Star Chang, posted Sep 30, 2010 at 4:05 AM, 1,463 views,

Gates and Buffett Scared Away Chinese Rich

US billionaires Bill Gates and Warren Buffett have hosted a banquet in China Beijing as part of their 3 days visit in China. It generated a debate about how China’s wealthy should be mobilized to perform philanthropy. Gates and Buffett have successfully convinced 40 US billionaires to donate a total $125 billion in a campaign called the ‘Giving Pledge‘. The planned event claimed the two are on a mission to persuade wealthy Chinese entrepreneurs to make similar donation pledges, which scared away some potential attendees. The event remains shrouded in secrecy…

The banquet was organized by the Bill and Melinda Gates Foundation, and about 50 of China’s super-rich have been invited to discuss their concept of philanthropy. Some of the Chinese well-known CEO like Robin Li from Baidu and Jack Ma from Alibaba have attended the special event. Despite Gates and Buffett having earlier said in an open letter that they do not intend to force anyone to give up their wealth, but want to share their thoughts on philanthropy with China’s wealthiest. In China, wealthy Chinese always want to maintain a low profile, reluctant to discuss their wealth in public for fear of exposing their fortunes and inviting unwanted jealousy from people who do not have money and possessions.

Bill Gates meeting SOHO China CEO Zhang Xin, SOHO China is the largest real estate developer in Beijing.

Bill Gates meeting some young pretty lady from the Chinese press.

Lot’s of attendance asking for Buffett’s signature.

Anyone wants to bid for Gates’ and Buffett’s signature?

Cartoon drawing from Chinese media press, Gates: “Both of us has become ‘the god of plague ‘, Buffett: “relax !”

Looks like Gates’ and Buffett’s campaign are not very welcome in China, most of the Chinese rich are not willing to give their fortunes to charity, they just want to know the secret behind on how to become the richest man on earth!

Source: Global Times, Sina Microblog