Saudi prince used his entire fortune to charity

In the next few years, Prince Alwaleed bin Taltal Saudi Arabia is committed to spend the entire $ 32 billion of its assets to charity.

In the next few years, Prince Alwaleed bin Taltal Saudi Arabia is committed to spend the entire $ 32 billion of its assets to charity.
 
Yesterday, Prince Alwaleed bin Talal Arab Emirates was declared commitment to donate the entire $ 32 billion of its assets to charity in the next few years.
 
 
There is no limitation in time for commitment to charity above but this prince said he would donate his entire fortune has announced. Prince Alwaleed is the 20th wealthiest person in the world with 30.5 billion fortune ranked by Bloomberg.
 
This huge sum will be used to promote cultural understanding of the people, to destroy the disease, provide electricity, build orphanages and schools, disaster reduction and the empowerment of women.
 
Since billionaires Bill Gates and Warren Buffett declared commitment to charity in 2010, has about 200 individuals from around the world pledged to give away more than half of their assets. Gates and Buffett's Billionaire 2 people at the forefront of this movement. 2 rich American billionaire with assets totaling some 151 billion as calculated by Bloomberg has donated $ 46 billion to charity of billionaire Gates.
 
 
Prince of Saudi Arabia hopes his gift will build a "better world with tolerance, equality and opportunity for all people".
 
Alwaleed is the richest person in Saudi Arabia and his fortune grew $ 3.4 billion (equivalent to 12.7%) in the year according to Bloomberg calculations. The prince also shared that currently he has raised $ 3.5 billion on its own charitable foundation. This Fund with The Bill & Melinda Gates Foundation and The Carter Center is trying to provide equipment health and disease control. Prince Alwaleed themselves also spoke to billionaire Bill Gates on Tuesday - who encouraged Arab princes charity.
 
However, Prince Alwaleed stressed that commitment to charity above will not affect any investments or projects in the future of Kingdom Holding - the investment company owned by him (Alwaleed Base 95% ownership stake in Kingdom).
 
 
Currently the investment bank owned by the French government's CDC is leading the group of companies will invest at least $ 150 million into the prince's Kingdom Holding Arab Emirates.