Published On: Thu, Jul 2nd, 2015

Saudi Prince promises to donate his all $32bn Assets to Charity


Prince Waleed OfficeRIYADH: The billionaire Saudi Prince Alwaleed bin Talal has announced to donate all his personal assets worth $32bn (£20bn; €29bn) to charity.


This step has been taken by Alwaleed because he was much inspired by the Gates Foundation of Bill Gates and his wife.

60 years old Alwaleed is the nephew of (Late)King Salman and also among the World’s Most richest persons. As per Forbes list, he stands on number 34 among the World’s Richest People.

The whopping amount will be donated to prince’s charitable organisation, Alwaleed Philanthropies, to which $3.5bn has already been donated from his account.

The donated money will be spent on Women Empowerment, Cultrual understanding and Disaster Relief Activities or Projects.

Interestingly in the conservative country like Saudi Arabia where monachy is in rule, Prince Alwaleed holds no official position.

Prince Alwaleed bin Talal Al Saud

Prince Waleed Bio

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