China’s rich give also part of their wealth away, says Rupert Hoogewerf of the China’s rich list at the eve before Bill Gates and Warren Buffet hit the stage in Beijing in the New York Times. But they do it in a different way.
While the rich in the US have been increasingly vocal on how they give their increasing fortunes to charity. China’s rich have been fairly silent on the initiative to get more millionaires behind the Gates-Buffet initiative. But that does not mean China’s wealthy are sitting on their capital, says Rupert Hoogewerf or Hurun of the China Rich List.
“The Chinese have been very generous for a long period of time,” Rupert Hoogewerf, who publishes Hurun Report, said by telephone. “The difference has been that they do it between families, and don’t publicize it. What we’re seeing now is a new era of transparency.”