Saudi Prince pledges $32 Billion fortune to charity

[BelemNole]

Saudi Arabia's Prince Alwaleed on Wednesday pledged to donate his entire $32 billion fortune to philanthropy.

"It is a commitment without boundaries. A commitment to all mankind," the prince told reporters on Wednesday in Riyadh.

Alwaleed added: "The donation will be allocated according to a well devised plan throughout the coming years.

"It will be based on a strategy that is supervised and managed by a board of trustees headed by me to ensure that it will be used after my death for humanitarian projects and initiatives."

Link

 

[MIKE_G]

Saudi Arabia's Prince Alwaleed on Wednesday pledged to donate his entire $32 billion fortune to philanthropy.

"It is a commitment without boundaries. A commitment to all mankind," the prince told reporters on Wednesday in Riyadh.

Alwaleed added: "The donation will be allocated according to a well devised plan throughout the coming years.

"It will be based on a strategy that is supervised and managed by a board of trustees headed by me to ensure that it will be used after my death for humanitarian projects and initiatives."

Link

Jamnolfin needs to get on the blower stat.

 

[AllNoles]

So he gets this money due to his birth in that family. He's ok living on it but doesn't leave any to his kids. Not saying they deserve it but it's hypocritical as heck.

 

[ccurchin]

So he gets this money due to his birth in that family. He's ok living on it but doesn't leave any to his kids. Not saying they deserve it but it's hypocritical as heck.

Pretty sure the storiy about this guy is that his fortune is fairly self made. Borrowed a couple hundred thousand from his father and built his financial empire from there.

 

[mnole03]

So he gets this money due to his birth in that family. He's ok living on it but doesn't leave any to his kids. Not saying they deserve it but it's hypocritical as heck.

You can't leave what you don't have. There's been speculation that guy's financials don't line up with his backstory. I don't know what the truth is.

 

[jamnolfin]

Jamnolfin needs to get on the blower stat.

.
Do you have his number? I am so impressed by this guy and hope people take notice. There's such a generalization in Americas about Muslims and this guy blows that train of thought out of the water. He's helping women, hopefully education is a major part of that. Apparently he doesn't treat women as 2nd class citizens. This was a feel good article for me because of all of the negative stuff coming out of the Middle East. Just awesome.

 

[Bartdog]

It is a commitment without boundaries

He's never seen what the government can do with $30B +.

 

[KelloggNole]

Nice to have the House of Saud wealth ($1.4 trillion) as a fall back option.

 

[EveryoneBleedsGarnet]

But... But... Rich people shouldn't be allowed to decide what they do with their money. It should be seized by the government and divided amongst the less fortunate.*







*just kidding I'm not a socialist because I was born with a brain.