Saudi Arabia’s Prince Alwaleed to Give Away $32 Billion

[Whitey23]

Saudi Arabia’s Prince Alwaleed bin Talal has pledged to give away $32 billion over the coming years.

There is no time scale set for the donation, which represents all of his fortune, according to Alwaleed. The billionaire is the world’s 20th richest person with $30.5 billion, according to the Bloomberg Billionaires Index.

The gift would benefit Muslim and non-Muslim countries, Alwaleed said in a press conference in Riyadh today. It would be used for work in areas including inter-cultural understanding, disease eradication, providing power to remote areas, building orphanages and schools, disaster relief and empowering women, he said.


Since Bill Gates and Warren Buffett announced the Giving Pledge in 2010, about 200 individuals from around the world have promised to give away more than half of their fortune in life or death. Gates and Buffett are leading by example. The two richest Americans, who are worth $151 billion combined, according to the Bloomberg Billionaires Index, have put more than $46 billion into the Gates foundation.

The Prince hoped the gift would build a “better world of tolerance, acceptance, equality and opportunity for all,” he said in a statement.




http://www.bloomberg.com/news/artic...d-pledges-to-give-away-32-billion?cmpid=twtr1

 

[Toga]

Saudi Arabia’s Prince Alwaleed bin Talal has pledged to give away $32 billion over the coming years.

There is no time scale set for the donation, which represents all of his fortune, according to Alwaleed. The billionaire is the world’s 20th richest person with $30.5 billion, according to the Bloomberg Billionaires Index.

The gift would benefit Muslim and non-Muslim countries, Alwaleed said in a press conference in Riyadh today. It would be used for work in areas including inter-cultural understanding, disease eradication, providing power to remote areas, building orphanages and schools, disaster relief and empowering women, he said.


Since Bill Gates and Warren Buffett announced the Giving Pledge in 2010, about 200 individuals from around the world have promised to give away more than half of their fortune in life or death. Gates and Buffett are leading by example. The two richest Americans, who are worth $151 billion combined, according to the Bloomberg Billionaires Index, have put more than $46 billion into the Gates foundation.

The Prince hoped the gift would build a “better world of tolerance, acceptance, equality and opportunity for all,” he said in a statement.




http://www.bloomberg.com/news/artic...d-pledges-to-give-away-32-billion?cmpid=twtr1

He matriculated at the University of Syracuse.

 

[orange79]

It would be nice if he doubled SU's endowment. And threw a few hundred mill at the AD.

 

[Rocco]

All I ask is for $300 million to Syracuse University, of which $295 million to the athletics department. Is that asking too much?

 

[FAL]

The Alwaleed bin Talal Dome?

 

[Ringostar57]

The Alwaleed bin Talal Dome?

To rival the Emirates in London.....

 

[LeMoyneCuse]

How about he gives everyone on Earth $50k? Although, he would probably count as a booster...

 

[KaiserUEO]

The Alwaleed bin Talal Dome?

and build it like MSG.

the 1st 5 floors can be classrooms, labs, studios, whatever.

then put the the football/hoop hybrid stadium for the next 15esque floors, then the top 5 floors can be student housing.

solve a lot of problems with 1 big dig and highrise.

 

[jekelish]

I'd be cool if he just wanted to throw me like $100,000 just for fun. It's like sparing some loose change for him.

 

[LeMoyneCuse]

How about he gives everyone on Earth $50k? Although, he would probably count as a booster...

Just realized my math was really, really wrong. I'm an idiot.

 

[Faegan]

Just realized my math was really, really wrong. I'm an idiot.

You're not alone - all of us on Syracusefan.com frequently post before we think. ALL - OF - US.

 

[OrangePA]

All I ask is for $300 million to Syracuse University, of which $295 million to the athletics department. Is that asking too much?

I think that's more than fair.

 

[Frozen]

It would be nice if he doubled my endowment.

Fixed.

 

[orange79]

Fixed.

Sadly, that would probably take more than the $32B he has pledged.