Buffett And Gates Ask Chinese Tycoons To Give Back

Buffett And Gates Ask Chinese Tycoons To Give Back

Chinese moguls came out in promising numbers Wednesday night to meet Warren Buffett and Bill Gates at a dinner near Beijing, CNN reported. The turnout defied rumors that the Chinese would shun what some saw as American philanthropic imperialism.

The meet and greet gave Buffett and Gates a chance to stress the importance of philanthropy to the Chinese billionaires. Financiers in China have donated little of their wealth compared to U.S. entrepreneurs. According to CNN,

In 2009, a government-sponsored honor roll listed 121 Chinese philanthropists who donated a combined $277 million, less than half of what a single American family -- financier Stanley Druckenmiller and his wife -- gave away in the same year in the United States.

Read more about the philanthropists' visit at CNN.com.

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