Amazon founder Jeff Bezos publicizes he’ll donate most of his fortune

Amazon founder Jeff Bezos publicizes he’ll donate most of his fortune

Amazon founder and multi-billionaire Jeff Bezos mentioned he plans to donate most of his wealth to charity throughout his lifetime in a CNN interview aired Monday.

On the query “Do you propose to donate the vast majority of your wealth throughout your lifetime?“, the entrepreneur replied: “Sure“.

That is the primary time that the 58-year-old businessman has made such a dedication publicly. Specifically, he didn’t signal the “Pledge of donation”, an initiative launched in 2010 by the Individuals Warren Buffett and Invoice Gates which inspires billionaires to provide greater than half of their wealth to charities.

In keeping with Bloomberg, Jeff Bezos is presently value $124 billion, making him the fourth richest individual on this planet.

It was as soon as on the high of the charts however its fortunes, largely tied to Amazon’s, have declined as the corporate’s inventory has fallen over the previous yr.
Jeff Bezos additionally owns the every day Washington Put up, the house firm Blue Origin and the Bezos Earth Fund, a fund devoted to the planet that he launched in 2020 by endowing it with 10 billion {dollars}.

The entrepreneur needs to make sure that his donations are used as effectively as doable. “We construct capabilities“to do it, he mentioned through the interview the place he appeared alongside his associate Lauren Sanchez.

Jeff Bezos’ ex-wife, MacKenzie Scott, whose fortune is estimated at almost $24 billion, has already pledged to donate at the very least half of her wealth to charity by signing in 2019, shortly after his divorce, the “Promise of donation”.

She had shaken up the world of philanthropy in early 2021 by donating $6 billion to varied organizations with no restrictions or necessities connected to her contributions.

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