Jeff Bezos Says He Plans To Donate Majority of $124 Billion USD Fortune to Charity

Comparting the job of delegating his fortune to the process of building Amazon.

Tech & Gadgets
4.3K 10 Comments

Jeff Bezos has revealed that he plans to donate the majority of his $124 billion USD fortune to charity. Speaking to CNN in an exclusive interview, the Amazon founder said that he will dedicate most of his net worth to combating climate change, as well as supporting those who unite humanity beyond political party divisions.

Bezos was interviewed alongside his partner, former journalist Lauren Sánchez, in his Washington D.C. home. While Bezos didn’t offer any specific details on how he would divvy up the money, when asked by CNN if he plans to donate his wealth during his lifetime, he responded, “Yeah, I do.”

This marked the high-profile couple’s first interview together, as well as the first instance of Bezos publicly announcing that he plans to donate the bulk of his wealth.

He declined to answer how what percentage of his net worth would be donated or how it may be utilized. Over the past decade, Bezos has already committed $10 billion USD, about *% of his fortune, to the Bezos Earth Fund, CNN reported. The Fund, which Sánchez co-chairs, focuses its efforts on reducing the ​​carbon footprint of cement and steel, developing technology to better monitor carbon emissions and advocating for regulators to consider climate-related risks.

“The hard part is figuring out how to do it in a levered way,” Bezos said of his philanthropy, comparing the process of donating his fortune to that of building Amazon. “It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.”

“There are a bunch of ways that I think you could do ineffective things, too,” he continued. “So you have to think about it carefully and you have to have brilliant people on the team.”

In other tech news, Elon Musk said Twitter will soon allow organizations to verify related accounts.

Read Full Article

What to Read Next

Early Look at the Nike Dunk Low "Year of the Rabbit"
Footwear

Early Look at the Nike Dunk Low "Year of the Rabbit"

The Chinese New Year kicks are styled with 2023 lace dubraes and bunny-shaped embellishments.

Nike Launches New Web3 Platform .SWOOSH
Footwear

Nike Launches New Web3 Platform .SWOOSH

Inviting Nike Members to interact and co-create with the Swoosh digitally.

Kyle Kuzma Champions His "Childhood Dreams" With New PUMA Hoops Capsule
Fashion 

Kyle Kuzma Champions His "Childhood Dreams" With New PUMA Hoops Capsule

Hypebeast spoke with the Washington Wizards forward about his young ambitions and sustainable fashion designs.

Former UFC Star Anthony "Rumble" Johnson Has Passed Away at 38
Sports

Former UFC Star Anthony "Rumble" Johnson Has Passed Away at 38

Johnson was a champion in the light heavyweight division.

Rowing Blazers Recruits '47 for Retro Corduroy MLB Cap Capsule
Fashion

Rowing Blazers Recruits '47 for Retro Corduroy MLB Cap Capsule

For fans of the Boston Red Sox, the New York Mets, the San Francisco Giants and more.


Razer Rolls Out Customizable PlayStation 5 Controller With Extra Triggers and Remappable Buttons
Gaming

Razer Rolls Out Customizable PlayStation 5 Controller With Extra Triggers and Remappable Buttons

Ideal for quick-paced action and racing games.

Meet Cooper, the Indiana-Based Artist Creating Scenes of Domestic Bliss
Art

Meet Cooper, the Indiana-Based Artist Creating Scenes of Domestic Bliss

“The work is me, I am painting me”

BSTN Brand Wants You to Experience "The Holiday" for FW22
Fashion 

BSTN Brand Wants You to Experience "The Holiday" for FW22

Taking to the street of London.

Roddy Ricch Unveils 'Feed tha Streets 3' Tracklist Featuring Lil Durk and Ty Dolla $ign
Music

Roddy Ricch Unveils 'Feed tha Streets 3' Tracklist Featuring Lil Durk and Ty Dolla $ign

The rapper’s third studio album is out on Friday.

RIMOWA and adidas Highlight the Spirit of Mobility With a Collaborative Capsule
Footwear

RIMOWA and adidas Highlight the Spirit of Mobility With a Collaborative Capsule

The two German imprints team up on an NMD S1 and backpack that are fitted with a “Titanium” motif.

More ▾