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Saturday, December 14, 2024

This Saudi Prince Is Donating A Cool $43 Billion To Charity (PICTURED)

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A Saudi prince is giving £28 billion ($43 billion) to charity.

We don’t need to tell you that’s a ridiculous sum of money.

It’s also the entirety – more or less – of Prince Al-Waheed bin Talal’s personal fortune.

The Saudi business magnate – thought to be the world’s 20th richest person – is a major shareholder in Citigroup and 21st Century Fox, and the owner of Kingdom Holding Company.

Prince Al-Waheed bin Talal
Prince Al-Waheed bin Talal

He has been called the ‘Arabian Warren Buffett’, and it seems that like his American counterpart, he wants to give back.

The 60-year-old hopes his donation will build a ‘better world of tolerance, acceptance, equality and opportunity for all.’

Warren Buffett
The prince has been compared to American billionaire Warren Buffett | Getty Images

He adds that he hopes to ‘build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world.’

Prince Al-Waheed bin Talal
The prince wants to give back to Saudi Arabia first and foremost | Getty Images

We can’t argue with that.

The Prince says he will donate the majority of his wealth to Saudi Arabia ‘since most of his wealth was achieved from this blessed country’ but money will also extend to countries around the world.

Of course, £28 billion out of £28.5-or-so billion still leaves you with a cool £500 million to play with, and the Saudi prince’s many business interests will continue to make him millions, so his donation won’t leave him living in poverty.

But that doesn’t devalue the gesture, which could make a huge difference to many people’s lives.

Prince Al-Waheed bin Talal and wife
Prince Al-Waheed bin Talal and wife

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