Chen took the role of traffic ambassador in Nanjing recently and advocates road safety in the city. The billionaire has pledged to donate his entire fortune of more than five billion yuan ($735 million) to charity after his death in response to Bill Gates and Warren Buffett’s call for philanthropy.
Well-known Chinese billionaire Chen Guangbiao says he is willing to donate all his wealth after he dies in a letter to Bill Gates and Warren Buffett.Survey: The charity of China's rich:
Meet Chen Guangbiao, the man with a charitable disposition who has said several times that if he donates 1 million yuan, he would like 1.3 billion Chinese people, and even 6.5 billion people around the world to know about it.
BEIJING - As rescuers are making all-out efforts to search for survivors and save the injured, domestic enterprises, non-governmental organizations and the public are donating money and relief supplies to quake-hit Yushu.
The latest donation of 43.16 million yuan ($6.3 million) by a major philanthropist and 512 other entrepreneurs toward the needy has stirred controversy in the charity sector.
Chen Guangbiao, with another 20 philanthropists, withdrew 43.16 million yuan ($632 million) in cash. Before the Spring Festival, the philoanthropists will visit rural areas and distribute aid to the poor in Xinjiang, Tibet, Yunan, Guizhou, and Sichuan.
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