FAST FIVE: Jeff Bezos Announces $123 Million In Donations To Combat Homelessness
Jeff Bezos Announces $123 Million In Donations To Combat Homelessness It looks as though Jeff Bezos is following through on his promise to give away most of his fortune in his lifetime.
The Amazon founder and billionaire announced last week on Instagram that he recently awarded 40 grants as part of his Bezos Day 1 Families Fund initiative, which will go to fight homelessness. They make up a portion of a $2 billion commitment Bezos has made to fight homelessness, according to CNN.
In an exclusive interview with the network, Bezos had previously said he “plans to donate the majority of his $124 billion net worth during his lifetime”. “With these funds, the organizations will continue their compassionate, needle-moving work to help families move from unsheltered homelessness and shelters to permanent housing with the services they require to achieve stability,” a statement from Bezos said. The causes Bezos will be donating to in the future, according to the report, include “fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions”. Bezos says that giving away his wealth is a question of how to do it in a “levered way”.
Building Amazon was not easy.
She has given away almost $4 billion to 465 organizations, CNN wrote. View this post on Instagram A post shared by Jeff Bezos (@jeffbezos) Tyler Durden Sat, 11/26/2022 – 20:00.