The fund's director general, Abdlatif Al-Hamad, 39, explained the philosophy behind such generosity: "We cannot close our doors and say to hell with everyone else. Nothing is clearer than the danger of having an island of prosperity in a sea of poverty."
We've all heard that about the 1% of Americans who own 38% of the wealth. The bottom 40% owned less than 1% of the nation's wealth. These are 2001 statistics and the disparity has grown since then.
Sounds like an island of prosperity in a sea of poverty.
Where is Abdlatif Al-Hamad today?
National Geographic, "Arabs," October, 1975.