News

Saudi Prince Pledges Entire Fortune to Charity

Saudi Prince Pledges Entire Fortune to Charity

dwarfbusiness

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 working in philanthropy around the world.”

However, despite his reputation for philanthropy, Prince Alwaleed has gained much criticism for some of his pastime activities. Most notably, his participation in the controversial practice of “dwarf-tossing” is renowned – a practice widely criticised for being both perilous and exploitative.

'IS Executioner' Executed In A New Jaysh Al-Islam Video
Israel Accuses Hamas of Supporting ISIS in Egypt

Subscribe to our newsletter


News

More in News

TikTokers Haneen Hossam, Mawada Aladhm: 10 and 6 Years Imprisonment for ‘Human Trafficking’

Egyptian Streets20 June 2021

End of the Line: Egypt Grapples with its Crumbling Rail System

Gregory Holyoke20 June 2021

‘Cairo Airport Pervert’ Sentenced to Three Years Imprisonment

Egyptian Streets18 June 2021

‘Cairo Airport Pervert’ Referred to Criminal Trial

Egyptian Streets16 June 2021
Women Hajj Kaaba

Women Can Now Register for Hajj Without Male Guardian

Nour Altoukhi16 June 2021

Suspects in Hate Crime Against Minya Coptic Christian Woman Sentenced to 5 Years in Prison

Egyptian Streets16 June 2021

Israel Launches New Gaza Airstrikes, Ceasefire at Risk

Egyptian Streets16 June 2021

Egypt’s Foreign Minister Heads to Qatar for First Time Following Reconciliation

Egyptian Streets14 June 2021