Saudi prince gives Cambridge University £8m for Islamic studies centre, also big US investor
Cambridge University has been given £8 million by a Saudi Arabian prince to establish an Islamic studies centre.
Prince Alwaleed Bin Talal, ranked in the top 20 richest men in the world, with a fortune of about £10 billion, has donated the cash to the university to fund a centre in his name for the study of the role of Islam in the Middle East and globally . . .
With a huge portfolio generating massive returns – he calls his investments his “hundred wives” – the 50-year-old is the biggest single shareholder in Citigroup, the world’s biggest bank . . .
He is the biggest foreign investor in the US and has the ear of its leaders and business figures . . .
A renowned philanthropist, the prince has made two donations of £10 million to establish Islamic studies centres at Harvard University, in Cambridge, Massachusetts, and Georgetown, in Washington . . .