Saudi prince to donate $32bn fortune to charity

Saudi Arabian billionaire Prince Alwaleed bin Talal has said he will donate his entire $32bn (£20bn; €29bn) fortune to charity.
Prince Alwaleed, 60, is one of the world's richest people. He said he had been inspired by the Gates Foundation, set up by Bill and Melinda Gates in 1997.

The money would be used to "foster cultural understanding", "empower women", and "provide vital disaster relief", among other things, he said.

Mr Gates praised the decision, calling it an "inspiration to all of us working in philanthropy around the world".

Prince Alwaleed is listed by Forbes at number 34 on the list of the world's richest people.

The money will go to the prince's charitable organisation, Alwaleed Philanthropies, to which he has already donated $3.5bn.

Prince Alwaleed's announcement comes during the holy month of Ramadan, when Muslims are encouraged to give charity and help the needy. -  Read More at BBCnews
Saudi prince to donate $32bn fortune to charity

Iran nuclear talks: Deadline extended to 7 July