Prince Alwaleed boosts philanthropy

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    World philanthropy got a boost when Saudi Arabia’s Prince Alwaleed, pledged to donate his entire $32 billion fortune to philanthropy this week.

    “It is a commitment without boundaries. A commitment to all mankind.”  “The donation will be allocated according to a well devised plan throughout the coming years.” “It will be based on a strategy that is supervised and managed by a board of trustees headed by me to ensure that it will be used after my death for humanitarian projects and initiatives,” the prince told reporters on Wednesday in Riyadh.