Prince Al-Waleed bin Talal, the Saudi Arabian billionaire and one of the world's richest people, announced on Wednesday that he will donate all of his wealth of $32 billion (£20.5 billion) to charity over the coming years.
The money will go to the Saudi prince's organisation called Alwaleed Philanthropies to work in the fields of "intercultural understanding" and supporting communities in need, he said in a statement.
Programmes will include promoting health, eradicating disease, bringing electricity to remote villages, building orphanages and schools, as well as "empowering women".
The prince, chairman of investment firm Kingdom Holding Company, said he has already donated $3.5 billion to the charitable organisation. » | Associated Press | Wednesday, July 1, 2015
