Warren Buffet and Chinese Tigers
Charitable gifts do not expect a return, but in my mind philanthropy is an investment in the betterment of the human condition. Where charity works towards alleviating pain and suffering of poverty, philanthropy seeks the eradication of poverty as the ultimate goal. Buffet has been one of the greatest investors in businesses of our time. Now, he hopes to also become one of the greatest investors in the "well-being of man" of our time, empowering people to find solutions that will make the world a more peaceful, stable, safe and hospitable place to live in.
His philanthropy also got me wondering why Hong Kong hasn't seen much large-scale philanthropy. Sure there are people who donate to have buildings named after them. Hong Kong people are also quite generous with donations for disaster relief. However, there hasn't been much vision in the giving. Just imagine if one of Hong Kong's top property developers were to devote their time and energy to solving some of China's social problems. Instead, many landlords here are doubling or even tripling rents, profitable bus companies won't even increase their workers' saleries by 2% even though inflation is much higher, etc. Is it cultural? Radio commentators this morning were commenting that Chinese cultural values see families creating wealth for the family and keeping it within the family. But I don't think this is such a distinctly Chinese value. Although I do believe that philanthropy is part of the capitalistic American Dream: every person has a chance to make good for himself, but once wealth is acquired, there also comes responsibility, because wealth is always acquired through the support of others, whether its the community or society as represented by investors, shareholders, employees or clients. So to those whom much is given, something is expected in return. Wealth, in its greatest form, is a philanthropic tool. How much wealth one creates in a lifetime is not solely measured by the numbers at the end of a bank statement, but rather by how much good is done. Buffet is the ultimate investor and creator of wealth.
Interestingly, I had a very inspiring visit by a woman name Quan Li, the founder of Saving China's Tigers. She was introduced to me by Dickson Yewn, one of my favourite jewellery designers (since 2002, he has opened several Life of Circle boutiques in Hong Kong), and also a great animal lover with vision. Quan Li has always been a lover of big cats. After a safari trip to Africa, she inspired to act on her love of big cats, in particular the endangered Chinese tiger. There are fewer than 100 Chinese tigers left in the world, and less than 30 of those living in the wild. As Dickson explained to me, the tiger, rather than the panda, is the real mascot of China. The tiger is very much an important part of Chinese heritage and culture and it's important for Chinese people to recognize the importance of saving these tigers. Quan Li and her husband, an investment banker, have so far used more than US$10 million of their own money to buy land in South Africa to set up a private reserve to reintroduce captive tigers to the wild (currently, three tigers live at the reserve: Cathay, Tiger Woods and Madonna. Sadly, Hope died this year of a heart attack). Quan Li has also been hard at work looking for land and lobbying provincial and national government officials to support her initiative to establish a tiger reserve. Today, there is a press conference launching the "I support the Chinese Tiger" advertising campaign with Jackie Chan being the first celebrity in a long scheduled line-up to show their support for the effort. Quan Li hopes that the awareness raised about the plight of the tigers will bring more support to her private reserve project. Already, two sites, one in Jianxi and the another in Hunan province, have been shortlisted as pilot reserve sites. Quan Li is trying to drum up an investor willing to acquire the operational rights and invest in the infrastructure and management of the reserve for around US$20 million. She envisions a reserve management similar to those in South Africa. The investor could then lease rights to other operators within the reserve. It is her hope that the tigers currently in South Africa can be successfully repatriated to their new home in China by 2008, in time for the Beijing Olympics.
What struck me when meeting Quan Li was her passion. All of this started when Quan Li asked the simple question after her first African safari: Why doesn't China have something like this? And China has many wonderful wilderness sites with amazing wildlife that need protection and preservation from encrouching human populations. She also has the sense to realize that such an initiative needs the support of businesses, because the government cannot support something like this for the long-term and saving tigers is a long-term effort. I hope Quan Li's philanthropy yields great returns. It would be a benefit for China, as well as the rest of the world, to realize the benefits of protecting its own environment.













