A Saudi Prince With Ties To Ghana To Support The World With $32billion

One of the main complaints against wealth inequality, both domestic and worldwide, is that when the wealthy accumulate money, they keep it (“trickle down” economics never did come to fruition). That may be true in general, but at least one man, Saudi prince Alwaleed bin Talal, is doing his part by donating his entire $32 billion fortune to charity.

It’s unbelievable and unusual but this Saudi prince is about to do what many may be considered a crazy undertaking.

This man with huge amount of money enough to support many nations of the world is on a verge of making history. Those who know him well feel he means business in what he wants to do for he feels that as a Muslim the large fortune he has does not belong to him alone but together with the teeming poor and ordinary people of the world.

As published worldwide (HRH) Prince Al-Waleed Bin Talal Bin Abdul Aziz Al-Saud of the Kingdom of Saudi Arabia has promised to donate $32bilion dollars of his entire fortune to charity. The 84year old prince began creating his business empire with $30,000 from his late father King Abdul Aziz of Saudi Arabia and $300,000 loan. Soon after wards the prince began developing his business tentacles leading to the establishment many businesses across the world such as hotels and financial concerns. The prince used a small part of his fortunes to set up a charity.

Talal has provided Saudi students foreign education scholarships. He founded Saudi Arabia's first school for vocational training in 1954 and the first girls' school based in Riyadh in 1957. He donated his own birthplace palace—Al-Zahra Palace in Taif for a school in 1957. His private hospital in Riyadh , established in 1956, gives 70% of its profits for free health care and 10% to children's health care. He then later donated the hospital to the government and is presently called King Abdul-Aziz University Hospital. The prince has not extended his generosity to only citizens of Saudi Arabia but to other countries including Ghana.

One significant service the prince rendered to the underprivileged for example is the construction of an Islamic Basic School from nursery to Junior Secondary School (JSS) known as the Prince Al-Waleed Bin Talal Islamic School near the NADMO headquarters at Kanda-Accra, for the people of Ayawaso Constituency.

The Princes’ business group owns the Movenpick Ambassador Hotel, a world class five star hotel in Accra which is currently offering more than 400 direct and indirect jobs to Ghanaians. And as a result of his continuous philanthropic and humanitarian services to the underprivileged in the country, he was honored by the naming of the Nima Highway after him, now called the HRH Prince Al-Waleed Bin Talal Bin Abdul Aziz Al-Saud Highway. As a result of his achievement the prince was given a national award from the president of the republic of Ghana john Dramani Mahama. The high honor of the Companion of the Order of the Volta (VC) was bestowed on His Royal Highness (HRH) Prince Al-Waleed Bin Talal Bin Abdul Aziz Al-Saud of the Kingdom of Saudi Arabia.

The award was presented on behalf of the President by the Hon Minister for Youth and Sports Maj (rtd) Alhaji Dr. Mustapha Ahmed, who was leading a government delegation on an official visit to the Kingdom. Other dignitaries present at the short ceremony held in the Saudi capital Riyadh, were H.E. Alhaji Said Sinare, Ghana’s Ambassador to the Kingdom of Saudi Arabia, Hon Commodore Steven Obimpeh, a Presidential Staffer at the Office of the President, Mr. Nick Barnor of the Office of the President, and Mr. Samuel Nsiah, a Minister/Consul at the Ghana Embassy in Riyadh. Observers of events are not surprised about the feat chalked in business an charitable activities.

Even though he belongs to the royal family of Saudi Arabia he has always felt the need to help change the order of his kingdom into a constitutional government with a constitution that will give all citizens to take part in decision process of the nation .even though he failed to get Saudi Arabia to be governed through constitutional means he opted to do business throughout the world resulting in employing many people to eke out a living and to cater for their families. He also ventured into charitable activities building schools donating fortunes to the needy the whole year round the world o. His charity group, Alwaleed Philanthropies, has worked with the Bill & Melinda Gates Foundation and the Carter Centre, founded by former president Jimmy Carter.

"Philanthropy is a personal responsibility, which I embarked upon more than three decades ago and is an intrinsic part of my Islamic faith," the prince said on Wednesday, pledging to donate his entire wealth to Alwaleed Philanthropies for the purpose of "intercultural understanding, supporting needy communities, through health promotion, eradication of diseases, provision of electric power to remote villages and hamlets, building orphanages and schools, and much more, as well as providing disaster relief and empowering women, youth and poverty alleviation"..

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