Gates, Buffett in India to Encourage Local Philanthropy
- 13 years ago
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Well known billionaire philanthropists Bill Gates and Warren Buffett were in India to persuade the rich in India give to charity. The two encouraged the rich to think about setting up foundations to help with prominent issues of health and education.
While addressing a joint news conference in New Delhi on Thursday, U.S. billionaires Bill Gates and Warren Buffett persuade the rich in India to give to charity.
[Bill Gates, Billionaire Philanthropist and Owner of Microsoft]:
"What we are doing tonight is talking about some of the projects that we are doing in India, listening to people talk about how they are thinking about when they are going to give, how to involve their family and kids and what they are thinking about setting up a foundation.”
U.S. billionaire investor Warren Buffett projected that India's philanthropy budget will increase in the coming decade.
[Warren Buffett, CEO, Berkshire Hathaway]:
"In United States, you take the governmental budget its huge relative to private philanthropy, but private philanthropy itself comes to about 2 percent of GDP. I would be almost certain that in India you would see increases in percentage going to philanthropy increasing over the next decade."
Buffett is expected to call Indian Prime Minister Manmohan Singh on Friday.
Bill Gates further said that their philanthropic efforts to give back to society should inspire other people.
[Bill Gates, Philanthropist & Microsoft Chairman]:
"You know, all four of us here I have decided that making sure that the wealth goes back to the society is what gives us pleasure. We think it is the best thing, actually for our children as well that they are independent to make their own way.”
In a country where more than 450 million people live in poverty, around 50 billionaires account for 20 percent of India's GDP.
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Well known billionaire philanthropists Bill Gates and Warren Buffett were in India to persuade the rich in India give to charity. The two encouraged the rich to think about setting up foundations to help with prominent issues of health and education.
While addressing a joint news conference in New Delhi on Thursday, U.S. billionaires Bill Gates and Warren Buffett persuade the rich in India to give to charity.
[Bill Gates, Billionaire Philanthropist and Owner of Microsoft]:
"What we are doing tonight is talking about some of the projects that we are doing in India, listening to people talk about how they are thinking about when they are going to give, how to involve their family and kids and what they are thinking about setting up a foundation.”
U.S. billionaire investor Warren Buffett projected that India's philanthropy budget will increase in the coming decade.
[Warren Buffett, CEO, Berkshire Hathaway]:
"In United States, you take the governmental budget its huge relative to private philanthropy, but private philanthropy itself comes to about 2 percent of GDP. I would be almost certain that in India you would see increases in percentage going to philanthropy increasing over the next decade."
Buffett is expected to call Indian Prime Minister Manmohan Singh on Friday.
Bill Gates further said that their philanthropic efforts to give back to society should inspire other people.
[Bill Gates, Philanthropist & Microsoft Chairman]:
"You know, all four of us here I have decided that making sure that the wealth goes back to the society is what gives us pleasure. We think it is the best thing, actually for our children as well that they are independent to make their own way.”
In a country where more than 450 million people live in poverty, around 50 billionaires account for 20 percent of India's GDP.