Saudi Arabian billionaire Prince Alwaleed bin Talal, the chairman of Kingdom Holding, will donate $32 billion to charity in coming years via Alwaleed Philanthropies, he said on Wednesday.
Prince Alwaleed says to give $32 bln to charity in coming years
The money would be used to "foster cultural understanding", "empower women", and "provide vital disaster relief", among other things, he said.
Recommended articles
The sum represents his entire wealth, he told a news conference in Riyadh, and will be given to charities including those that promote health, disease eradication, disaster relief and women's rights. He did not say in an initial statement what impact, if any, it would have on his holdings.
Mr Gates praised the decision, calling it an "inspiration to all of us working in philanthropy around the world".
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Biden assures Zelensky of rapid arms support amid escalating Russia tensions
NYSC praises Fintiri's approval of ₦10k monthly allowance for corps members
Kano Govt invests over ₦68m in media equipment upgrade, trains 300 staff
No Nigerian is denied access, we aim for friendship between countries - CGCC
Reno Omokri labels Abuja Chinese Supermarket 'racist', demands Wike's action
1,500 Ogun residents receive free surgeries, 80k students get ₦50k each
NERC shifts Enugu electricity market oversight to State commission
Gov Diri & his deputy, Ewhrudjakpo cleared of certificate forgery allegations
TCN towers vandalised, disrupting power supply to Gombe, Yola, Jalingo
ADVERTISEMENT