Jul 2, 2015

Saudi Prince donates all of his fortune to charity

Saudi Prince Al-Waleed bin Talal bin Abdulaziz Al-Saud announced he would send to charity all his fortune-32 billion dollars. In the coming years it will transfer this money to benefit several charitable projects, and this will be one of the largest donation of its kind in history.

A large part of the funds will have the charities, struggling with the effects of disasters and protecting the rights of women.

Al-Waleed, who is 34-m in the list of the richest people in the world according to Forbes, said that philanthropy is "an integral part of the Islamic religion." He also admitted that this deed it inspired Bill and Melinda Gates Foundation, actively developing own Charity Foundation Gates Foundation.

This money will help support women and young people, deal with the consequences of disasters, make the world a more tolerant,

- says 60-year-old Prince.

Prince Alwaleed bin Talal bin Abdulaziz al-Saud, his ex-wife, Princess Amira

Al-Waleed earned his fortune in investment projects and the purchase of shares. Among the companies and projects in which it has invested, Apple, Twitter, Citibank, Four Seasons and many others.

Prince was married three times and has two children-a son and a daughter. The media reported that the children reacted positively to address the father do such a generous donation.