Two of the world’s richest men and most generous donors, Warren Buffett and Bill Gates, said yesterday they would not be putting pressure on China’s dozens of billionaires during a visit to the country to promote giving.
Microsoft founder Gates and investor Buffett said they would not be pushing mega-wealthy families to sign up to their Giving Pledge campaign, because China has to develop its own culture of philanthropy.
“Some people have wondered if we’re coming to China to pressure people to give. Not at all,” Buffett and Gates said in a joint letter, in response to questions from China’s official Xinhua news agency.
But they said China’s newly made fortunes offered a unique chance for holders to make a mark on the country.