Saudi prince to donate $32B fortune to charity

bbc.co.uk

12 pointsjackgavigan5 comments

The giving pledge is non-binding. While witnessing the dozens of billionaires give the pledge, I can't help but think that at least half of them are doing it for the positive publicity.

Knowing what I know about prince Alwaleed bin Talal, I'm 100% sure he's saying it for the publicity.

It would have been a lot more interesting (to me) if he'd have given it to the bill and melinda gates foundation.

Goodbye malaria and polio!

And what is it that you know?

kolbe's likely referring to Prince Alwaleed's specious tactics, used to inflate his wealth[1]. His investment company, Kingdom Holding Company, has opaque assets with questionable MV. In '09, an auditor scratched its head at KHC's valuations.

The issue: nobody can trust Prince Alwaleed's claims about net worth.

[1] http://www.forbes.com/sites/kerryadolan/2013/03/05/prince-al...

Just google him. It's hilarious.

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