News + Media

Saudi prince Alwaleed bin Talal promises $41 billion fortune to charity

July 02nd, 2015

Prince Alwaleed said his charity "will 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".

The money "will be allocated according to a well-devised plan throughout the coming years", he said, but stressed there was no time limit for the donation to be spent.

He said he would head a board of trustees tasked with spending the funds which would still be used after his death "for humanitarian projects and initiatives".

Read the full article - ABC News

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