Bet many of you wanna be a billionaire so freakin' bad because you think that life will be extra sweet and you could do whatever you want. But if you really had enough money to hang with Oprah and the Queen, have you also ever imagined giving it away to benefit other people?

One billionaire is taking Bruno Mars' famous song lyrics into a whole new level by giving away $32 billion of his riches, which isn't exactly just spare change, to charity. And although billionaires giving away their money isn't a new thing, Prince Alwaleed bin Talal of Saudi Arabia is not just giving to charity; he is aiming to change the world.

The 60-year-old prince had been inspired by the Gates Foundation, pioneered by Bill and Melinda Gates in 1997, to donate his personal wealth for the following ambitions of creating a tolerant and accepting world where the following are practiced: encouragement and bridging of intercultural understanding, women empowerment, developing communities, enabling the youth to achieve their dreams and providing vital disaster relief.

Prince Alwaleed bin Talal is the chairman of Kingdom Holding Company, an investment firm that has stakes all around the globe and has earned him the 34th spot on the Forbes list of the world's richest people. For the past years, the prince has already donated $3.5 billion to his charitable organization - Alwaleed Philanthropies, which shows his generous heart and commitment to make a better world.

"Philanthropy is a personal responsibility, which I embarked upon more than three decades ago and is an intrinsic part of my Islamic faith," he said.

Currently, there is no definite timeline of when and which areas of the charitable organization this magnanimous donation will be given to, but Prince Alwaleed bin Talal assures that it will take place over several years and he will personally oversee the board of trustees on decisions regarding the proper use of the donation. 

Prince Alwaleed's generous contribution is to encourage Muslims to give to charity and help the needy during the holy month of Ramadan.

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