Saudi Arabian billionaire – and nephew of the late King Abdullah – Prince Alwaleed bin Talal has announced his intention to donate his the entirety of his $32 billion wealth to philanthropic causes over the next few years. The 60 year-old prince said he would donate the money through his organisation Alwaleed Philanthropies. The money will then go to a variety of causes including healthcare, modernisation, intercultural understanding, eradicating disease and empowering women. “This donation will be allocated according to a well-devised plan throughout the coming years,” said the prince. “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 honouring my life-long commitment to what matters most – helping to build a more peaceful, equitable and sustainable world for generations to come.” The Prince has been supporting philanthropic causes for over 35 years, with donations so far amounting to $3.5 billion. Prince Alwaleed has previously collaborated with fellow famous philanthropist Bill Gates on a polio eradication programme. Gates commented that Prince Alwaleed’s latest pledge is “an inspiration to all of us…
