1. Saudi Arabia Prince Alwaleed bin Talal to donate his entire $32 billion fortune to charity

Saudi Arabia Prince Alwaleed bin Talal to donate his entire $32 billion fortune to charity

Inspired by the Gates Foundation, set up by Bill and Melinda Gates in 1997, Saudi Arabia's billionaire Prince Alwaleed bin Talal will donate his entire $32 billion fortune to charity.

By: | Published: July 2, 2015 10:16 AM

Inspired by the Gates Foundation, set up by Bill and Melinda Gates in 1997, Saudi Arabia’s billionaire Prince Alwaleed bin Talal will donate his entire $32 billion fortune to charity.

The 60-year-old prince, who is one of the world’s richest persons, said that the money would be used to foster ‘cultural understanding’ and ‘provide vital disaster relief,’ among other things, reported the BBC.

Gates reacted to the statement, saying it was an inspiration to philanthropists around the globe.

Forbes has placed Prince Alwaleed on the 34th spot on the list of the world’s richest people.

The money will go to the prince’s charitable organisation, Alwaleed Philanthropies, to which he has already donated USD 3.5 billion.

  1. B
    Balakrishnan V
    Jul 3, 2015 at 5:17 pm
    I would suggest the king not to utilize the fund directly for charity rather invest that in secured funds or deposits and utilize the return or interest for charity purposes. This will help the best utilization of the fund.
    Reply
    1. B
      Balakrishnan V
      Jul 3, 2015 at 5:17 pm
      I would suggest the king not to utilize the fund directly for charity rather invest that in secured funds or deposits and utilize the return or interest for charity purposes. This will help the best utilization of the fund.
      Reply
      1. B
        Balakrishnan V
        Jul 3, 2015 at 5:18 pm
        I would suggest the king not to utilize the fund directly for charity rather invest that in secured funds or deposits and utilize the return or interest for charity purposes. This will help the best utilization of the fund.
        Reply
        1. B
          Balakrishnan V
          Jul 3, 2015 at 5:19 pm
          I would suggest the king not to utilize the fund directly for charity rather invest that in secured funds or deposits and utilize the return or interest for charity purposes. This will help the best utilization of the fund.
          Reply
          1. leev mealone
            Jul 2, 2015 at 10:13 am
            nice
            Reply
            1. Cole Blue
              Jul 2, 2015 at 10:44 am
              Cultural understanding = Building mosques all over the world, spreading wahhabist death cult ideologies, and seeking to destroy the civilized world. All hail Isis
              Reply
              1. J
                James Malenfant
                Jul 2, 2015 at 11:03 am
                Naturally these would be islamic charities. Spreading islam, and only helping those who embrace it. How philanthropic is that? Have a great day!
                Reply
                1. M
                  Mohamad Dana
                  Jul 2, 2015 at 7:24 pm
                  I am very proud of such a personality from the Saudi Arabia Prince Alwaleed bin Talal. May Allah accept his charitable acts that have reached needy people around the world
                  Reply
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