Saudi prince donates entire fortune to charity

It will be based on a strategy that is supervised and managed by a board of trustees.

Prince-Alwaleed bin Talal

Inspired by the Bill and Melinda Gates Foundation, and other American based charities, Saudi billionaire, Prince Alwaleed bin Talal, has decided to donate all his fortune to charity.

According to him, "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.”

Alwaleed added that it is a commitment to the good of mankind.

He also made it clear, that he was donating his entire income worth $32 billion, and not his assets. The funds will given to various charities, and it will be managed by a board.

Speaking at a press conference, he said "What I am doing today is institutionalising the process. After my death my son will become the president of the board of trustees and my daughter Vice President. This will make it very clear how this is operated."

He was quick to add that the donation was "a big incentive for me to make more profits.”

Prince Alwaleed bin Talal was born on March 7, 1955 in Riyadh, Saudi Arabia. He is a member of the Saudi royal family, and his wealth was put at $22.8 billion by  Forbes.

Take a look at Prince Alwaleed’s massive property.


Eyewitness? Submit your stories now via social or:


Recommended articles

#BBNaija Reunion: Dorathy admits she gave BrightO a 'Bl**w Job' [Highlights]

18-year-old bride dies from heart attack during sex with husband on wedding night

Meet the Ghanaian man with 47 wives and over 240 children (video)

Tears flow as 70-year-old man dies after drinking full bottle of gin to compete with youth (video)

Twitter goes crazy as Wizkid receives his Grammy plaque

5 foods that can prevent erectile dysfunction

Tonto Dikeh takes delivery of Bentley, recounts when she was mocked by Uche Maduagwu

Lawan says roof leak proves Nigerians should have allowed N37bn renovation of NASS building

Wizkid's baby mama Shola Ogudu says she didn't know she was pregnant till after 5 months