Saudi Arabia’s Prince Alwaleed bin Talal is one of the richest people in the world. He surprisingly announced last week that he will donate all of his wealth of $32 billion to charity over the coming years. The money will go to his own organization called Alwaleed Philanthropies. A statement on the website of Alwaleed Philantropies says the money will be used for promoting intercultural understanding and 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.”