Prince Alwaleed pledges $30m to Bill Gates to fight polio

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi billionaire Prince Alwaleed bin Talal has donated $30m to Bill Gates’ charity foundation to help the former Microsoft boss eradicate the spread of polio, it was announced on Sunday.

Alwaleed, who is chairman of Kingdom Holding and worth around $25.9bn, made the donation through his Alwaleed Bin Talal Foundation.

The prince’s charitable arm recently signed a partnership agreement with the Bill & Melinda Gates Foundation, the organisation set up by the former Microsoft boss in 1994.

The $30m pledge will be used to bolster the Global Polio Eradication Initiative and took place at the first Global Vaccine Summit in Abu Dhabi last week, which the prince and Gates both attended.

“We are thrilled that along with Prince Alwaleed, we have Michael Bloomberg, and Carlos Slim from Mexico, Carl Icahn, and major philanthropists who have joined us,” Gates said.

The Bill & Melinda Gates Foundation is aiming to save more than 20 million lives by 2020 by eradicating polio. The Alwaleed Bin Talal Foundation is involved in humanitarian and philanthropic activities in more than 70 countries.

Last week, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed pledged a donation of AED440m ($120m) to support efforts to eradicate polio within the next five years.

The donation, which was announced ahead of the Global Vaccine Summit, will be partly used in efforts to eradicate the preventable disease in Afghanistan and Pakistan.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi healthcare booms as state bids to close welfare gap

Saudi healthcare booms as state bids to close welfare gap

Stock market listings are being planned by two of Saudi Arabia...

Revealed: How the Gulf is losing billions to medical insurance fraud

Revealed: How the Gulf is losing billions to medical insurance fraud

The growing issue of medical insurance fraud and abuse — ranging...

The world's most influential Arabs: Power defined

The world's most influential Arabs: Power defined

Putting together a list of the world’s most powerful Arabs is...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams