Gates, Buffett invite China's rich to give away some money

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Sep 29, 2010
Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are set to meet China's super rich Wednesday to promote philanthropy over a dinner that has sparked some soul searching among the world's second-largest number of billionaires.
Although the two have said they will not be asking China's newly minted millionaires to give up their fortunes, there have been reports some invitees were reluctant to attend because they did not want to be pressured.

Because of that concern, Gates and Buffett, who have campaigned to persuade American billionaires to give most of their fortunes to charity, issued a letter earlier this month saying they won't be pushing anyone to give up their fortunes but wanted to promote charitable giving.

The private dinner, which local media says will be in a mansion on the edge of Beijing modeled after the baroque 17th century Chateau de Maisons-Laffitte in France, is expected to gather several dozen people.

The state-run Global Times newspaper said Wednesday that Pan Shiyi and Zhang Xin, chairman and CEO of property developer SOHO China, and Niu Gensheng, founder of Mengniu Dairy, were among the invitees.

Veteran actor Jet Li and tycoon Wang Chuanfu, who owns automaker BYD, are also among those likely to attend, the China Daily paper said.

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