This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/world-middle-east-33353370
The article has changed 6 times. There is an RSS feed of changes available.
| Version 4 | Version 5 |
|---|---|
| Saudi prince to donate $32bn fortune to charity | Saudi prince to donate $32bn fortune to charity |
| (about 9 hours later) | |
| Saudi Arabian billionaire Prince Alwaleed bin Talal has said he will donate his $32bn (£20bn; €29bn) personal fortune to charity. | Saudi Arabian billionaire Prince Alwaleed bin Talal has said he will donate his $32bn (£20bn; €29bn) personal fortune to charity. |
| The 60-year-old nephew of King Salman is one of the world's richest people. | 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. | 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. | 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". | 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. | 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. | The money will go to the prince's charitable organisation, Alwaleed Philanthropies, to which he has already donated $3.5bn. |
| The prince, who does not hold an official government position, is chairman of investment firm Kingdom Holding Company. | The prince, who does not hold an official government position, is chairman of investment firm Kingdom Holding Company. |
| Prince Alwaleed bin Talal Al Saud | Prince Alwaleed bin Talal Al Saud |
| Profile: Prince Alwaleed bin Talal | |
| The company owns stakes in hotels The Four Seasons, Fairmont and Raffles, as well as News Corp, Citigroup, Twitter and Apple. | The company owns stakes in hotels The Four Seasons, Fairmont and Raffles, as well as News Corp, Citigroup, Twitter and Apple. |
| The prince will be donating his personal wealth. "This is very much separate from my ownership in Kingdom Holding," he said at the announcement. | The prince will be donating his personal wealth. "This is very much separate from my ownership in Kingdom Holding," he said at the announcement. |
| "Philanthropy is a personal responsibility, which I embarked upon more than three decades ago and is an intrinsic part of my Islamic faith," he added in a statement. | "Philanthropy is a personal responsibility, which I embarked upon more than three decades ago and is an intrinsic part of my Islamic faith," he added in a statement. |
| He said he hoped the gift would "help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world". | He said he hoped the gift would "help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world". |
| Prince Alwaleed's announcement comes during the holy month of Ramadan, when Muslims are encouraged to give charity and help the needy. | Prince Alwaleed's announcement comes during the holy month of Ramadan, when Muslims are encouraged to give charity and help the needy. |
| He said the donation would take place over several years and would be overseen by a board of trustees, which he will head. | He said the donation would take place over several years and would be overseen by a board of trustees, which he will head. |