A Saudi Arabian Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has said he would donate $32m to charity aside the $3.5 billion he has already spent. He announced his newest decision at a press conference on Wednesday.
The business magnate says his charity initiative has helped in the areas of housing, gender equality and disaster relief. Alwaleed has also helped to establish centers and programs at several prestigious universities, including Harvard and Cambridge and partnered with charities like the Bill and Melinda Gates Foundation.
"Philanthropy is an intrinsic part of my Islamic faith," Alwaleed said.
"With this pledge, I am honoring my life-long commitment to what matters most, helping to build a more peaceful, equitable and sustainable world for generations to come."
Forbes ranks Alwaleed as the 34th richest person in the world. His major investments have included Twitter, Citigroup, and media companies like Time Warner (CNN's parent company) and Disney.
The prince has been married four times with children. He is a nephew of the late King Abdullah.