Sept 29 2010- Gates and Buffett to host banquet to discuss philanthropy with Chinese super rich.
Bill Gates and Warren Buffett will today discuss Philanthropy and seek to learn more about Chinese Charity at a banquet in China. According to the Global Times, the guest list included Pan Shiyi and Zhang Xin, the chairman and CEO of property developer SOHO China, and Niu Gensheng, founder of Mengniu Dairy. The two have reported that they will not pressure attendees to give out their fortunes.
Reports say there is reluctance to attend from some of the Chinese super rich as philanthropy was not popular in China. China has 64 dollar billionaires, second to United States which has over 400. A few of the super rich like Chen Guangbiao, have already started leading by example. This month he pledged to give his fortune which is estimated at more than $700 million to charity after he dies.
Peter Buffett, son of Warren Buffett, told Xinhua that his father hoped the "Chinese people will come to their own conclusions about the role of philanthropy in their culture".
"The Social Network" a movie about Mark Zuckerberg, Facebook Founder
His biggest expenditure to date has been $100 million grant that he gave as part of his philanthropy to improve public education in Newark, New Jersey. The funds will be used to start a new foundation called Start up: Education
A film entitled " The Social Network" that premiered on September 24, 2010 at the New York Film Festival however shows a different persona. In the movie, he is painted as a backstabbing college student who betrayed friends and partners to assert control over Facebook.
Pre-order the CD here... The Social Network
Comments on the movie and story welcome.
Review the "The Social Scientist" here
40 Billionaires including Warren Buffer, Ted Turner, to Donate Half Their Money
40 Billionaires to Donate half their money to Charity
Bill Gates and Warren Buffett have convinced 38 other billionaires to give away half their wealth to charity. Gates and Buffett started "The Giving Pledge" earlier this year; it’s a campaign to get the richest people to donate to the charitable causes of their choice, either before or after their death. Others taking the pledge include Michael Bloomberg, Barry Diller, Larry Ellison, T. Boone Pickens, David Rockefeller, George Lucas, Ted Turner, and Ronald Perelman. The U.S. has about 400 billionaires; the 40 who’ve made the pledge are worth more than $230 billion combined.
George Soros donates over $50 million to anti-poverty projects in Africa
This September, George Soros, donated over $50 million to fight poverty in Africa. The funds will be marched by other donors and will be used specifically in the Millennium Village project, which are in 14 sites in about 10 African countries, a total of 78 villages.
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