Jeff Bezos' $690K USD Australian Bushfire Donation is Less Than 5 Minutes of Income

His company Amazon is valued at $1 trillion USD.

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Tech
112,270 Hypes 52 Comments

Amazon CEO Jeff Bezos has donated $1m AUD (approx. $690,000 USD) to Australia‘s bushfire relief. As stated in an Instagram post, the charitable donation will come from Amazon — although the move has left Bezos with heaps of backlash, seeing that Amazon is the second company in the world to be worth $1 trillion USD and his own net worth equates to over $116bn USD.

As Business Insider reports, a $690k USD donation works out at less than five minutes of income for the Amazon CEO, taking his net worth between the start and end of 2018 into consideration. Business Insider‘s math continues to decipher Bezos’ net worth, which is stated to grow by $690,000 USD, on average, every 30 minutes in the past three months.

The money donated to Australia is being used to aid relief agencies to help victims of the fires, save animals and conserve natural habitats. Amazon’s donation will be funneled into supporting “provisions and services,” following in the footsteps of many big names such as the Kering Group and its $1m AUD donation and Balenciaga’s fundraising collection.

In other news, Call of Duty: Modern Warfare has pledged its DLC proceeds will go towards helping Australia’s bushfires.

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