Saudi Arabia’s Billionaire Prince Pledges $32-billion(N6.4Tr) Fortune To Charity

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Saudi Arabia’s billionaire Prince Alwaleed bin Talal on Wednesday pledged his entire $32-billion (28.8-billion-euro) fortune to charitable projects over the coming years.

The prince said in a statement that 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.”

He said the donation “will be allocated according to a well-devised plan throughout the coming years” but stressed there was no time limit on when the donation would be spent.

The magnate belongs to the Saudi royal family and is a nephew of king Abdullah, who died on the 23rd of January.

Sylvia Eneghalu

Sylvia Eneghalu

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