2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • Lifestyle & Hospitality
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • One Of The Richest Men In The World Is Giving His Entire R390 Billion Fortune To Charity

    01 Jul 2015 by Kiernan in Charities, Money, Vibe, World
    Related Posts
    • Handy Tips On Growing Your Wealth In 2021
    • Your Morning Cup Of Coffee Could Help Those In Need
    • Esports Champs: These Are The Kind Of Mansions They’re Rolling With [Video]
    • Fresh Start - Six Tips For Getting Your Finances Sorted Before The New Year
    • Some Billionaires Can Be Pretty Average Neighbours

    Sometimes you have to doff your caps to the mega rich. We’re not talking about thanking Donald Trump for another round of gobshite either, we’re talking a proper respect-laden fist bump going out to Prince Alwaleed bin Talal.

    Today saw the Saudi Prince pledge his vast fortune, all $32 billion (R390 billion) of it, to charitable projects in the years to come. NDTV outlines his reasons below:

    The prince said in a statement that the “philanthropic pledge will help build bridges to foster cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world.”

    He said the donation “will be allocated according to a well-devised plan throughout the coming years” but stressed there was no time limit on when the donation would be spent.

    Alwaleed bin Talal will himself handle the spending of the funds, heading the board of trustees tasked with using the money on charitable projects. The Saudi Prince said he was inspired by the likes of the Bill and Melinda Gates Foundation, the mega-wealthy American couple having succeeded in getting some of America’s wealthiest citizens to step up their charitable efforts.

    Bin Talal belongs to the Saudi Royal Family and chairs Kingdom Holdings, a company with a wide range of interests ranging from the Euro Disney theme park to hotels around the world.

    Let’s hope his efforts are the start of a sustained movement amongst the region’s wealthier citizens and he sets off something of a chain reaction. I wouldn’t count on it, mind you, but R390 million isn’t a bad start.

    [source:ndtv]

    • ← SPL!NG Movie Review: While We’re Young
    • More Injuries As More Ceilings Collapse At Sandton City →
    • Tweet
    • Tags:
    • billionaire
    • charity
    • Donation
    • money
    • Saudi Arabia
    • saudi royal family
    • wealth
    • world

    Latest News

    • A Rational Look At How Long COVID-19 Will Be Around For

      [imagesource: Shutterstock] We've heard the words 'COVID fatigue' thrown around a great...

    • 2oceansvibe Weekend Sports Wrap

      Each Monday, I’ll be putting together a wrap of the weekend’s sporting action, standou...

    • Melania Is Done – The Moment The Former First Lady Keeps Walking [Video]

      [imagesource: AP] On January 20, as Kamala Harris and Joe Biden wore sworn in, Donald a...

    • That Awkward ‘Seductive’ Moment Between Larry King And Meghan Markle [Videos]

      [imagesource: Meghan Markle/Instagram] In some sad news, longtime television host and i...

    • The Ford Ranger Is Popular, But It’s Not #1

      [imagesource: Ford] It's still January, which means there is still time to take a step ...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo