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Billionaire Saudi Prince Alwaleed bin Talal vows to donate $32 billion fortune in coming years
2015-07-01 14:43:11.81 GMT
Billionaire Saudi Prince Alwaleed bin Talal vows to donate $32
billion fortune in coming years
(Associated Press) -- DUBAI, United Arab Emirates -- Saudi
Arabia's billionaire Prince Alwaleed bin Talal, one of the
world's richest people, has announced he will donate all of his
wealth to charity over the coming years.
The Saudi prince said in a statement that he will donate
$32 billion to his organization called Alwaleed Philanthropies
to work in the fields of "intercultural understanding" and
supporting communities in need. Programs will include promoting
health, eradicating disease, bringing electricity to remote
villages, building orphanages and schools, as well as
"empowering women."
The prince, who is chairman of investment firm Kingdom
Holding Company, says he has already donated $3.5 billion to the
charitable organization.
Alwaleed joins other billionaires who have made similar
pledges in recent years, such as Warren Buffett, Bill Gates,
Mark Zuckerberg and Michael Bloomberg.
-0- Jul/01/2015 14:43 GMT
2015-07-01 14:43:11.81 GMT
Billionaire Saudi Prince Alwaleed bin Talal vows to donate $32
billion fortune in coming years
(Associated Press) -- DUBAI, United Arab Emirates -- Saudi
Arabia's billionaire Prince Alwaleed bin Talal, one of the
world's richest people, has announced he will donate all of his
wealth to charity over the coming years.
The Saudi prince said in a statement that he will donate
$32 billion to his organization called Alwaleed Philanthropies
to work in the fields of "intercultural understanding" and
supporting communities in need. Programs will include promoting
health, eradicating disease, bringing electricity to remote
villages, building orphanages and schools, as well as
"empowering women."
The prince, who is chairman of investment firm Kingdom
Holding Company, says he has already donated $3.5 billion to the
charitable organization.
Alwaleed joins other billionaires who have made similar
pledges in recent years, such as Warren Buffett, Bill Gates,
Mark Zuckerberg and Michael Bloomberg.
-0- Jul/01/2015 14:43 GMT