Posted inBanking & Finance

Power Philanthropy

Al-Walid is is estimated to donate more than $100 million annually to charity. In 2001, he offered New York City a donation of $10 million towards relief efforts after the September 11, 2001 attacks. This was rejected by Mayor Rudy Giuliani because Al-Walid suggested that the attacks were an indication that the United States 'should re-exa

Saleh al-Rajhi, one of the senior members of the Al-Rajhi family listed at no. 2 in the World’s Richest Arabs, has his own charitable foundation. The Saleh Abdulaziz Al-Rajhi uses revenues from renting out designated properties of its owners to fund various Islamic charitable projects.

Bahaa and Saad Hariri, two senior members of the Hariri family, have adopted many bridges for reconstruction in Lebanon following Israel’s 34-day offensive. The picture combo shows the airport bridge (top L), the Damur bridge in the south (top R), the Fidar bridge in Halat (bottom L) and a bridge in Akkar in the north (bottom R). 90 bridges were destroyed by Israeli air strikes.

The Al Kharafi Group, chaired by Nasser Al Kharafi who is listed at no. 4 in the World’s Richest Arabs, in October 2006 said they had formed a non-profit firm to rebuild the southern suburbs of the Beirut following Israel’s 34-day offensive against the country. The picture shows general reconstruction work taking place in the capital in September 2007

Maan al-Sanea, listed at no. 5 in the World’s Richest Arabs, is passionate about health care and education, founded a private hospital, the Saad Specialist Hospital seen here, and a support centre for special-needs children and their families in Saudi Arabia.

Arabian Business features the personalities who generously and religiously donate to charity.

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