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Saudi prince announces he will give his entire $32BILLION fortune
Daily Mail ^ | 1st July 2015 | Lydia Willgress

Posted on 07/01/2015 12:53:28 PM PDT by the scotsman

'A Saudi Arabian billionaire is planning on giving his entire $32billion (£20bn) fortune to charity.

Prince Alwaleed bin Talal, one of the richest men in the world, said he wants to donate to groups that promote health and help with disaster relief.

The 60-year-old will also support women's charities and those that look towards eradicating disease.

He did not say whether the generous move would have any impact on his holdings.

Mr bin Talal is the grandson of Saudi Arabia's founder Ibn Saud. He is said to have started his business empire with a $30,000 (£19,000) gift from his father and a $300,000 (£191,000) loan. By 2005 he was worth $10bn (£6.4bn) and had earned the nickname 'Buffett of Arabia' after American business magnate Warren Buffett.

His investments include London's Savoy Hotel, Apple, Citigroup and News Corp.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Culture/Society
KEYWORDS: alwaleedbintalal; apple; billionaires; charity; citigroup; muslimworld; newscorp; royals; saudiarabia; savoyhotel
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1 posted on 07/01/2015 12:53:28 PM PDT by the scotsman
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To: the scotsman

The Clinton Foundation


2 posted on 07/01/2015 12:54:37 PM PDT by Old Yeller (Civil rights are for civilized people.)
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To: the scotsman

It is extremely difficult to simply give that much money away, it would be necessary to find some way to squander it on a grand scale.

Like finance the campaign of Herself, Madame Benghazi, the Cold & Joyless, for some mysterious office, the importance of which Herself cannot begin to understand.


3 posted on 07/01/2015 12:58:06 PM PDT by alloysteel ("Before I refuse to take your questions, I have an opening statement..." Ronald Reagan)
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To: Old Yeller

Hillary:” Serious dough.....I want it A L L !!!! “


4 posted on 07/01/2015 12:58:59 PM PDT by stephenjohnbanker (My Batting Average( 1,000) (GOPe is that easy to read))
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To: the scotsman

Smoke and mirrors. It’s all going to ISIS.


5 posted on 07/01/2015 1:04:10 PM PDT by E. Pluribus Unum ("One man with a gun can control a hundred without one." -- Vladimir Lenin)
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To: the scotsman

Well, he could give the GREEKS some of that money, and of course Puerto Rico and the rest of those countries that are on the verge of being bankrupt. I’m sure that should he do this, one of those countries would crown him king.


6 posted on 07/01/2015 1:04:54 PM PDT by gingerbread
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To: alloysteel

No kidding, if he gave away a dollar a second, it would take over a thousand years to go through it all.


7 posted on 07/01/2015 1:06:34 PM PDT by thackney (life is fragile, handle with prayer)
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To: Old Yeller

I was hoping the United States Treasury.....that would get us a couple days of interest anyway.


8 posted on 07/01/2015 1:10:10 PM PDT by napscoordinator (Walker for President 2016. The only candidate with actual real RESULTS!!!!! The rest...talkers!)
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To: gingerbread
he could give the GREEKS some of that money

Some of that money really wouldn't make much difference, their debt is more than 11 times as large as the total.

Besides, you don't help a junky by giving him more dope.

9 posted on 07/01/2015 1:14:21 PM PDT by thackney (life is fragile, handle with prayer)
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To: E. Pluribus Unum

“Smoke and mirrors. It’s all going to ISIS.”

Bingo.


10 posted on 07/01/2015 1:17:00 PM PDT by Uncle Miltie ( A system of g84overnment that makes the People subordinate to a committee of nine unelected lawyer)
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To: Old Yeller

Evita has to be salivating


11 posted on 07/01/2015 1:17:10 PM PDT by SMARTY ("What is freedom? To have the will to be responsible for one's self. "M. Stirner)
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To: gingerbread

Naw, they would squander it and be back where they started in a month.


12 posted on 07/01/2015 1:18:36 PM PDT by MaxMax (Call the local GOP and ask how you can support CRUZ for POTUS,)
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To: gingerbread

They’d just spend it............


13 posted on 07/01/2015 1:23:37 PM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: the scotsman

“Mr bin Talal is the grandson of Saudi Arabia’s founder Ibn Saud.”

Dat be da feller who ran the King of Jordan’s grandpa out of arabia calling him/them Hashemite scum ????


14 posted on 07/01/2015 1:24:42 PM PDT by litehaus (A memory tooooo long)
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To: the scotsman

one mans charity may be anothers terrorist organization there moosie


15 posted on 07/01/2015 1:25:17 PM PDT by Joe Boucher ( Obammy is a lie, a mooselimb and pond scum.)
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To: the scotsman

“Prince Alwaleed bin Talal, one of the richest men in the world, said he wants to donate to groups that promote health and help with disaster relief.

The 60-year-old will also support women’s charities and those that look towards eradicating disease.

I believe in all that stuff. Where’s my cut?


16 posted on 07/01/2015 2:04:22 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: VanShuyten

hillary? is that you?


17 posted on 07/01/2015 2:05:39 PM PDT by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... No peace? then no peace!)
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To: the scotsman

This would be the only worthy cause worth supporting, IMO. No, it’s not about environmentalism. That’s only cover. It’s about open source equipment design and rebuilding civilization.

http://opensourceecology.org/


18 posted on 07/01/2015 3:00:45 PM PDT by familyop ("Baxters over there, Rojos there, and me right in the middle" ("A Fistful of Dollars").)
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To: MaxMax

Ooops, I almost forgot, these Saudis are dealing with liberals, socialists and communists in Greece. What will probably happen, when and if these Greek politicians get some money, they’d deposit it in Switzerland and bail out on the Greeks. They, these politicians, probably have that covered. If Greece goes completely south, they’ll just bail out and spend the rest of their lives in luxury, while the stupid Greeks that voted them in starve to death.


19 posted on 07/01/2015 3:09:57 PM PDT by gingerbread
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To: alloysteel
It is extremely difficult to simply give that much money away, it would be necessary to find some way to squander it on a grand scale.

Like contract Chelsea Mezvinsky for a few 1/2 hr speeches, that'll do it!

20 posted on 07/01/2015 3:14:07 PM PDT by varon (Para bellum)
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