Saudi Prince Pledges to Give Away $32 Billion Fortune

A Saudi prince has promised to give away his entire $32 billion fortune to focus on causes including the empowerment of women, The Wall Street Journal reported. He cited the Bill & Melinda Gates Foundation as his inspiration.

Prince al-Waleed bin Talal, nephew of Saudi King Salman, has been vocal champion of women’s rights in a country where women are barred from many activities including driving. In a statement, he said that the money will be disbursed according to a “well devised plan throughout the coming years.” In addition to the empowerment of women, it will support disaster relief and disease eradication.