Prince Alwaleed bin Talal, a nephew of the late Saudi King Fahd and a prominent figure both inside the Saudi kingdom and internationally, gave $20 million to each university, according to both schools' Web sites.
"Bridging the understanding between East and West is important for peace and tolerance," Alwaleed, a global investor with a net worth estimated by Forbes of more than $20 billion, said in a statement released by the schools.
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