Prince Alwaleed bin Talal is seen leaving the High Court in London in this July 2, 2013.(REUTERS/Neil Hall)
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Saudi Arabia's billionaire Prince Alwaleed bin Talal on Wednesday pledged his entire $32-billion (28.8-billion-euro) fortune to charitable projects over the coming years.Alwaleed said he would head a board of trustees tasked with spending the funds, adding the pledge would still be used after his death "for humanitarian projects and initiatives".In the conservative Muslim kingdom, Alwaleed, who holds no government rank, is unusual for his high profile and periodic comments about economic issues.Earlier this year, Alwaleed opened a pan-Arab news channel in Bahrain but authorities there shut the station after less than 24 hours on air and a new home is being sought.Alwaleed told reporters he has already donated a total of $3.5 billion over more than 35 years through his Alwaleed Philanthropies.
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