Jeff Bezos claims he will donate the majority of his wealth.


Jeff Bezos claims he will donate the majority of his wealth. The creator of Amazon, Jeff Bezos, declared that he will contribute the majority of his wealth to charity, making him the most recent billionaire to make such a commitment.

According to Bloomberg, Mr. Bezos is the fourth richest person in the world with a net worth of $124 billion. With his fiancée Lauren Sanchez by his side, Mr. Bezos said they were getting ready “to be able to give away this money” in an interview with CNN that was made public on Monday.

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According to him, he intended to make his donations have the greatest possible impact. It’s incredibly difficult, he remarked. And there are many things you could try that wouldn’t work, he added.

It was the first time Mr. Bezos declared that, like numerous other billionaires, the majority of his money will be donated. As part of the Bezos Earth Fund effort, Mr. Bezos committed to giving $10 billion in 2020 to halt climate change. Prior to this, he gave a $2 billion gift to support homeless families and open preschools.

As part of an annual contribution known as the Bezos Award for Courage and Civility, the pair announced on Saturday that they were giving the singer and philanthropist Dolly Parton a $100 million grant to be used for her selected humanitarian causes.

Mr. Bezos has come under fire for refusing to sign the Giving Pledge, a pledge made in 2010 by Bill and Melinda Gates, Warren Buffett, and other wealthy Americans to donate at least half of their wealth. (In the CNN interview, Mr. Bezos did not mention the Giving Pledge.) After their divorce in 2019, MacKenzie Scott, an author, and philanthropist signed the promise on behalf of Mr. Bezos.

Ms. Scott, whose net fortune according to Bloomberg is $24 billion, has given more than $12 billion to causes ranging from mental health to education. As of March, Ms. Scott, who just divorced her second husband, had given to more than 1,200 organizations.