I wish Christians will learn to give as much as faithfuls of other religious groups. Maybe the gospel of our Lord, Jesus Christ will have gotten to the ends of the earth more quickly! He may be Muslim, but he sure understands the principle of giving!
So nephew of the late King Abdullah, Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has been so successful in business that he is sometimes referred to as the Arabian Warren Buffett, after the US billionaire. Alwaleed who made billions investing in American, European and Middle Eastern companies is donating his $32 billion fortune to philanthropy, according to a statement released yesterday.
Alwaleed said he wants his money to go to humanitarian causes after his death. The release did not identify specific efforts, but said the board of trustees at Alaweed Philanthropies, which he currently heads, will craft a plan to spend the money on initiatives related to healthcare, education and poverty.
"Philanthropy is an intrinsic part of my Islamic faith," Alwaleed said in the press release. "With this pledge, I am honoring my life-long commitment to what matters most, helping to build a more peaceful, equitable and sustainable world for generations to come."
Forbes ranks Alwaleed at the 34th richest person in the world. His major investments have included Twitter and Citigroup, as well as media companies like Time Warner (CNN's parent company) and Disney.
The business magnate said he has already funneled $3.5 billion to his charity for initiatives such as housing, gender equality and disaster relief. Alwaleed Philanthropies has also established centers and programs at several prestigious universities, including Harvard and Cambridge and partnered with charities like the Bill and Melinda Gates Foundation.
The prince has been married four times and has children.
This is indeed a classic example of the proverbial widows mite as he is giving away ALL his fortune to charity. Oh! except that in this case, he is not a widow, and the "mite" is coming in 9 figures. lol
Source: CNN
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