According to Forbes magazine, al-Walid is one of the richest people in Saudi Arabia. When donating, he said, "This is my duty to humanity." Over the next few years, he will fight natural disasters, build schools and orphanages, fight serious diseases, help women's lives, solve conflicts between ethnic groups, and help remote areas of the world. It has been announced that it will be spent in stages for purposes such as helping the lives of the residents of the regions.