“Saudi Arabian billionaire Prince Alwaleed bin Talal has said he will donate his $32bn (£20bn; €29bn) personal fortune to charity. He said he had been inspired by the Gates Foundation, set up by Bill and Melinda Gates in 1997. The money would be used to ‘foster cultural understanding’, ’empower women’, and ‘provide vital disaster relief’, among other things, he said. The money will go to the prince’s charitable organisation, Alwaleed Philanthropies, to which he has already donated $3.5bn.”
Source: Saudi prince to donate $32bn fortune to charity – BBC News
