Saudi prince to donate $32bn fortune to charity
Saudi Arabian billionaire Prince Alwaleed bin Talal has said he will donate his entire $32bn fortune to charity.
The 60-year-old nephew of King Salman is one of the world’s richest people.
He said he had been inspired by the Gates Foundation, set up by Bill and Melinda Gates in 1997.
The money would be used to “foster cultural understanding”, “empower women”, and “provide vital disaster relief”, among other things, he said.
Mr Gates praised the decision, calling it an “inspiration to all of us working in philanthropy around the world”.
Prince Alwaleed is at number 34 on the Forbes list of the world’s richest people.
The money will go to the prince’s charitable organisation, Alwaleed Philanthropies, to which he has already donated $3.5bn.
(Source: BBC)
Latest Headlines in Sri Lanka
- NPP presents 7-point pledge on Easter Sunday Attack to Cardinal Ranjith April 18, 2024
- Dialog Axiata to acquire Bharti Airtel’s telecom operations in Sri Lanka April 18, 2024
- IMF ready to support Sri Lanka’s discussions with bondholders April 18, 2024
- Sri Lankan among NASA’s new crew for next simulated Mars journey April 18, 2024
- Court extends enjoining order blocking Sirisena from SLFP chairmanship until May 9 April 18, 2024