Chinese philanthropist to donate all wealth after his death

16:22, September 06, 2010      

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Bill Gates (L)and Chen Guangbiao(R) (source:People's Daily Online)

A well-known Chinese philanthropist Chen Guangbiao, also the CEO of a resources recycling company in east Jiangsu Province, officially published a letter to Bill Gates and Warren Buffett on his company's Web site declaring his intent to join with him and other ultra-rich individuals who plan to donate at least half their fortunes to charity.

Chen indicated in this letter that when you leave this world, you can return all the wealth to the world. If you do this, the spirit is noble and great, he said. On the contrary, if you will die of the wealth, you are ignominious.

"When I leave this world, I will not only donate half of the wealth, but will donate all my property to a charity organization," he said.

The full text of a letter to Bill Gates and Warren Buffett follows:

Dear Mr. Gates and Buffett:

As the richest man in the U.S. and the "stock god", you recently aroused a global storm of charity, hoping that billionaires from all over the world could donate half of their wealth in the name of charities. I am extremely moved.

I was once invited by Mr. Gates to have a personal meeting on Nov. 3rd of 2009 that talking about the philanthropy. It’s a real pleasure that being invited by Mr. Gates and Mr. Buffet to discuss about philanthropy again.

On your coming to China, which is world famous for her "diligence, wisdom and goodness", I hereby declare: I will be the first one to respond and support your call upon Chinese charity. After my leaving this world, instead of half of my wealth, I will denote all my estate. This is also the gift from me to you two gentlemen as a gift for your trip to China.

It's no doubt that the Earth is the mutual home of all people. Regardless of rich or poor, we are family. Our differences in wealth are due to the differences on starting points, opportunities and work functions.

In fact, in China, the successful development of every entrepreneur is a result of the support of national policy, a stable social environment as well as millions of employees' hard work. Therefore, each rich man should be aware that it is fortunate to be rich. However, the wealth you "own" is not exactly only yours. You have the responsibility to return the whole society.

As a rich man, I will never be a slave of money. Every year I spend above half of my company’s profit on charity. In year 2009, our profit was 410 million, while I donated 313 million on charity, which is 77.6 percent of our profits. When asked what wealth is? I believe that the wealth is water, is worldly possessions. If a cup of water could supply one person, then a bucket of water should supply a family and a river should be shared by the public.

Since the business opened in 1998, I have always been rushing. Not a single weekend is spent to rest. For the company's development, I always make careful plan. Every penny is spent on the edges. Because every penny I save is for charity. I think that charity is not for or at any specific time or place. It never ends. Since I started running my company, I have totally denoted up to 1.34 billion RMB to the community with more than 70 million direct beneficiaries. My charity career will go on.

I’m always thinking that life is short. Therefore it is causes great happiness to create wealth, jobs openings and civilization and progress for our country when we are alive. Similarly, when we are leaving this world, it's also great to return the world our wealth to relieve misfortune and make our poor brothers' and sisters' lives easier. On the contrary, leaving the world with huge wealthy is shameful.

Human charity is regardless of nationality. The world is getting more harmonious and equal because of our charitable actions. This is the hope of the whole world.

I wish you live healthy and happily forever!

Yours sincerely,
Chen Guangbiao

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