Jeff Bezos will give away his billions. This is where the money will go

Amazon owner and billionaire Jeff Bezos has confirmed that he intends to give away almost his entire fortune. It will allocate the funds for one purpose, although it will support many organizations striving to achieve it. Interestingly, it has something to do with the name of his company.

Jeff Bezos announced in a recent interview that he would give away most of his over $124 billion fortune. Bogacz indicated that the funds would be allocated for a very important purpose in his opinion.

Jeff Bezos will donate his fortune to climate protection

Jeff Bezos, together with his partner Lauren Sanchez, announced the big step in an interview with CNN. The businessman argued that he wanted to support organizations “that can unite humanity and heal deep social and political divisions.”

Among the entities that will receive Bezos’ fabulous billions will be organizations fighting against climate change. This is an interesting choice, considering Amazon takes its name from the ecologically endangered Amazon River.

However, in a conversation with a journalist from an American station, the rich man did not reveal too many details. He is to donate “most” of the money, although the amount was not specified. Similarly, not a single organization that Bezos intends to support with his money is mentioned.

The couple is now “building capacity to distribute this money.”

– Building Amazon wasn’t easy. It took a lot of hard work and a lot of smart people around us to create the foundation for this company. It turns out that philanthropy works very similarly. Giving away money is not as easy as it may seem, noted Jeff Bezos.

Jeff Bezos and the Giving Pledge

As the media reminds us, Jeff Bezos previously faced criticism for a long time for not joining the program called The Giving Pledge. As the name suggests, this is a pledge made by very wealthy people. The signers commit to giving away most of their wealth to charity.

The initiative was started in 2010 by Bill Gates and Warren Buffett, and the list already includes such celebrities as Elon Musk, Mark Zuckerberg and David Rockefeller. Jeff Bezos himself has been a major absentee for years. Interestingly, in 2019, MacKenzie Scott, Bezos’ ex-wife, signed the Giving Pledge.