Extremely Wealthy
New bar for philanthropy in China
WHEN Bill Gates and Warren Buffett toured China in 2010 they hoped to encourage China's many newly minted billionaires to take up philanthropy. Local elites gave them the cold shoulder. Despite making vast fortunes in a country suffering from widening income inequality, surprisingly few Chinese fat cats have embraced charitable…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: The Economists