Twitter Investor Prince Alwaleed to Give Away $32 Billion

Bloomberg: Saudi Arabia’s Prince Alwaleed bin Talal has pledged to give away $32 billion over the coming years. There is no time scale set for the donation, which represents all of his fortune, according to Alwaleed. The billionaire is the world’s 20th richest person with $30.5 billion. The pledge will not impact any of the investments or future projects of Kingdom Holding Co., his primary investment vehicle, which holds stakes in Citigroup and Twitter. It sold off a stake valued at almost $190 million in News Corp. in February, reducing its holding in the media company to about 1 percent.