Buffett is now on a trip touring China, and meeting with some wealthy investors no doubt. However, his latest trip has already run into controversy.
Warren Buffett's Billionaires' Road Trip has spent the day in Shenzhen, but most of the attention is going to a dinner to be hosted tomorrow night in Beijing by Buffett and Bill Gates.
A selection of Chinese wealthiest people are on the invitation list, and philanthropy is on the agenda.
Buffett and Gates say they just want to listen and learn about philanthropy in China. They won't be actively seeking donations of pledges.
But the visit, as phrased by Reuters, "has ignored a fierce debate on the merits — and difficulty — of philanthropy and charity for the country's own colorful band of newly wealthy."
The news service notes that many rich Chinese are traditionally reluctant to discuss their wealth in public because they are "fearful of exposing fortunes larger than the government or rivals had calculated, inviting unwanted attention from tax collectors and hatred from millions of have-nots."
The rest of the story can be found here: http://www.cnbc.com/id/39399261
http://www.valuewalk.com/
Warren Buffett's Billionaires' Road Trip has spent the day in Shenzhen, but most of the attention is going to a dinner to be hosted tomorrow night in Beijing by Buffett and Bill Gates.
A selection of Chinese wealthiest people are on the invitation list, and philanthropy is on the agenda.
Buffett and Gates say they just want to listen and learn about philanthropy in China. They won't be actively seeking donations of pledges.
But the visit, as phrased by Reuters, "has ignored a fierce debate on the merits — and difficulty — of philanthropy and charity for the country's own colorful band of newly wealthy."
The news service notes that many rich Chinese are traditionally reluctant to discuss their wealth in public because they are "fearful of exposing fortunes larger than the government or rivals had calculated, inviting unwanted attention from tax collectors and hatred from millions of have-nots."
The rest of the story can be found here: http://www.cnbc.com/id/39399261
http://www.valuewalk.com/
