Jeff Bezos Plans To Give Most Of His Fortune To Charity

2 months ago 8

(Bloomberg) -- Jeff Bezos, the laminitis of Inc. and the fourth-richest idiosyncratic successful the world, said helium plans to springiness distant the bulk of his luck during his lifetime.

Bezos volition give the wealth to warring clime alteration and supporting those who question to unify radical amid wide societal and governmental divisions, the billionaire told CNN, the archetypal clip helium has committed to specified a pledge.

Bezos is worthy $123.9 billion, according to the Bloomberg Billionaires Index, a luck that has declined astir $70 cardinal this year, but has surged successful the past decennary arsenic his e-commerce elephantine raced past rivals. 

Bezos, 58, has focused much attraction connected his philanthropy successful caller years portion besides assuming a overmuch larger nationalist role, acquiring the Washington Post paper successful 2013 arsenic good arsenic luxury homes successful New York, Los Angeles and Hawaii. A $500 cardinal yacht helium commissioned is nether operation successful the Netherlands, and he’s among those funny successful bidding for the NFL’s Washington Commanders, perchance with euphony mogul Jay-Z arsenic an investor.

Bezos has drawn disapproval for not signing the Giving Pledge, a committedness by galore of the world’s richest radical to donate the bulk of their wealthiness to charitable causes. For years helium mostly stayed connected the philanthropy sidelines, alternatively focusing connected Amazon and Blue Origin, his for-profit space-exploration company.

But precocious Bezos has committed billions of dollars to foundation and has accrued the gait of his giving since stepping down arsenic Amazon’s main enforcement serviceman past year.

His ex-wife MacKenzie Scott has sent much than $12 cardinal to nonprofits since the 2 divided successful 2019, mostly focusing connected smaller charities successful the US that are often overlooked by larger donors.

Bezos has acceptable his attraction connected clime alteration with his $10 cardinal Earth Fund and besides announced a $200 cardinal acquisition to the Smithsonian National Air and Space Museum. 

On Saturday, helium named Dolly Parton the latest recipient of his Courage and Civility award, handing the euphony fable $100 cardinal to nonstop to immoderate charities she chooses. He antecedently awarded akin amounts to cook Jose Andres, whose World Central Kitchen feeds radical successful disaster-stricken areas, and Van Jones, the laminitis of Dream.Org. 

(Adds details of Bezos assets successful 4th paragraph.)

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