lego 44,165 Posted July 2, 2015 Share Posted July 2, 2015 A Saudi Prince will donate his entire $32 billion (£20bn) fortune to charity as part of a pledge modelled on the Bill and Melinda Gates Foundation.Saudi Prince Alwaleed bin Talal announced his intention to donate the majority of his wealth to philanthropic causes in a press conference on Wednesday.Speaking in the Saudi capital of Riyadh, Prince Alwaleed said his vast wealth would go towards promoting health, eradicating diseases, providing electric to villages, building orphanages, providing disaster relief and empowering women through his foundation, Alwaleed Philanthropies."The philanthropic pledge will help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world,” his statement said. "Philanthropy is a personal responsibility, which I embarked upon more than three decades ago and is an intrinsic part of my Islamic faith. With this pledge, I am honoring my life-long commitment to what matters most - helping to build a more peaceful, equitable and sustainable world for generations to come.”The Bill and Melinda Gates Foundation works to improve health care, education and reduce extreme poverty around the world. It asks the wealthy to pledge the majority of their wealth to philanthropy and counts Facebook founder Mark Zuckerberg and Apple CEO Tim Cook as pledgers.The Prince will continue to retain his publicly-listed investment business, Kingdom Holding. He stressed that there was no deadline for donating all of the funds.http://www.independent.co.uk/news/people/saudi-prince-alwaleed-bin-talal-will-donate-entire-32bn-fortune-to-charity-10358806.html What would you do with 32 billion dollars? FreePalestine Link to post Share on other sites More sharing options...
Pop 4,541 Posted July 2, 2015 Share Posted July 2, 2015 Wow! Amazing! Wish more rich people would do this. The Taylor Brigade: KNOCKOUT Link to post Share on other sites More sharing options...
LoveandMagic 1,731 Posted July 2, 2015 Share Posted July 2, 2015 Bravo!! A lot of good can be done with his size-able contribution. Wow! Amazing! Wish more rich people would do this. Just repeat to yourself, "It's just a show. I should really just relax." Link to post Share on other sites More sharing options...
Pitch 204 Posted July 2, 2015 Share Posted July 2, 2015 More rich people need to do this, it's so ridiculous seeing celebs with more money than they could possibly spend asking People living paycheck to paycheck to donate LADY GAGA/madonna/katy perry/little mix/ariana grande/selena gomez/britney spears/taylor swift Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted July 2, 2015 Share Posted July 2, 2015 His business holdings aren't impacted just his personal wealth...32 blln can do a lot of good tho. i have read about this guy in the past, he is pro western, and seems sincere. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
lordgagx 5,467 Posted July 2, 2015 Share Posted July 2, 2015 Link to post Share on other sites More sharing options...
MonsterOfSpain 8,331 Posted July 2, 2015 Share Posted July 2, 2015 That's very nice from him Link to post Share on other sites More sharing options...
Elizabeth 750 Posted July 2, 2015 Share Posted July 2, 2015 This is so amazing! Good on him! Link to post Share on other sites More sharing options...
Sexxx 5,737 Posted July 2, 2015 Share Posted July 2, 2015 Legend Link to post Share on other sites More sharing options...
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