Alwaleed bin Talal to give entire $32 billion fortune to charity
menier111
Published
07/01/2015
Al-Waleed Bin Talal bin Abdulaziz al Saud is a Saudi business magnate and investor. He is a member of the Saudi royal family
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Billionaire Saudi Arabian Prince Alwaleed bin Talal has said he will give his $32bn (£20bn) fortune to charity when he dies. -
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The prince, already known for his ostentatious charitable donations, told reporters on 1 July that he would begin moving the considerable wealth to his Alwaleed Philanthropic Foundation over the coming years. -
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The $32bn will include Prince Alwaleed's stake in Kingdom Holding, the investment firm he chairs, as well as his assets outside Saudi Arabia. -
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He said the donation "will be allocated according to a well-devised plan throughout the coming years" but added there was no time limit on when the donation should be spent. -
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The Saudi prince, nephew to the late king Abdullah, said he would head a board of trustees tasked with spending the money -
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Billionaire Saudi Arabian Prince Alwaleed bin Talal has said he will give his $32bn (£20bn) fortune to charity when he dies.
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