Amazon chief Jeff Bezos gives $2bn to help the homeless

Mae Love
September 14, 2018

The $2 billion initiative, while significant, is far less than the philanthropic efforts of other billionaires including Microsoft's Bill Gates, who has donated tens of billions to his foundation, and Facebook's Mark Zuckerberg, who has pledged to donate 99% of his shares in the social media giant to an organisation focused on public good.

Bezos is worth $164 billion, according to the Bloomberg Billionaires Index, a sum mostly derived from the about 16 percent stake in Amazon that he owns. Amazon warehouse employees are known to have terrible working conditions, pitiful wages, and have even been forced into homelessness after workplace injuries. "That is what a rigged economy looks like".

In a post to his Twitter account, Bezos said one part of the fund will give money to organizations and groups that provide shelter and food to young homeless families.

The "Day 1 Academies Fund" will start an organization to operate a new network of full-scholarship pre-schools for low-income communities.

Among the world's top tech CEOs, Bezos is not known for his philanthropy. Almost 200 people from 22 countries have signed on, including Facebook founder Mark Zuckerberg, Tesla's Elon Musk, Carl Icahn, T. Boone Pickens and Ted Turner.

Amazon CEO Jeff Bezos seems to be Seattle City Councilmember Kshama Sawant's arch-nemesis, so it only makes sense that she would have something to say about the entrepreneur's $2 billion charitable fund toward homelessness and education. "The team is working their butts off on it and we will get there".

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term.

"I'm thinking I want much of my philanthropic activity to be helping people in the here and now-short term-at the intersection of urgent need and lasting impact", he wrote at the time.

Apple to Release Three New Phones Next Week
If Apple does stick with the same pricing, it means the iPhone Xs will start at $799 while the iPhone Xs Max will be around $999. It will be coming with a 6.1-inch screen on the front and low-priced and yet sturdy aluminium-based shell with glass on top.

U.S. FDA considering ban on flavored e-cigarettes
However, he seemed reluctant to give up on flavored nicotine , because he said it appeals to adult cigarette smokers. Since 2017, FDA officials have discussed e-cigarettes as a potential tool to ween adult smokers off cigarettes .

Bishops tell pope abuse scandal 'lacerated' the church
Conference of Catholic Bishops, and also include Francis' top sex abuse adviser, Cardinal Sean O'Malley. The Vatican said Tuesday the meeting would be headed by Cardinal Daniel DiNardo, head of the U.S.

He has given $1.5 billion to Blue Origin, his company developing technology for space travel.

Trump has referred to the Washington Post as Amazon's "chief lobbyist".

"But I will say this: I do think it's a mistake for any elected official to attack media and journalists".

Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, despite studies suggesting the internet giant's deal has been beneficial to the United States government postal operator. "I am glad I am being scrutinized, ' and that would be so secure and confident", Mr. Bezos said. It's unsafe to call the media low-lifes. "It's unsafe to call the media lowlifes". After discussing the success of the Washington Post, which Bezos bought in 2013, Rubinstein asked how Bezos responds to criticism - some of which comes from Trump's Twitter feed - of Amazon and the Post.

"The customer is going to be the child", Bezos said. "Most important of those will be genuine, intense customer obsession". Go Gold boxes by Amazon are uniquely-designed packing boxes that feature a gold ribbon - the worldwide symbol of childhood cancer. "We're going to be scientific when we can be, and we're going to use heart and intuition when we have to".

The so-called Day One Fund will be multi-billionaire businessman's most significant foray into philanthropy to date.

Bezos, now the world's richest person, asked Twitter followers a year ago for ideas about how he should shape his "philanthropy strategy".

"We live in a society where it's not just the laws of the land that protect us", he added.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER