One of the richest men in the world is giving his entire fortune to charity
Prince Alwaleed bin Talal -- the 60-year-old nephew of Saudi Arabia's royal leader King Salman -- just made a huge announcement.
The prince is worth $32 billion, and Forbes Magazine named him as the 34th wealthiest human on the planet, and on July 1, he announced that he's going to give away the entirety of his fortune to charity.
More specifically, over the course of the next several years, his monetary gift will go to Alwaleed Philanthropies -- an organization that has worked to support and initiates philanthropic projects in over 90 countries around the world.
The money will specifically go towards helping causes such as empowering women, eradicating diseases, assisting in disaster relief and ending poverty, to name a few.
Even Bill Gates applauded the prince, calling him "an inspiration to all of us working in philanthropy around the world."
Photos of the prince through the years:
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