Amazon boss Jeff Bezos to give away most of $124 billion wealth to charity
2 years, 1 month ago

Amazon boss Jeff Bezos to give away most of $124 billion wealth to charity

Live Mint  

Amazon founder Jeff Bezos will donate most of his wealth to charities that focus on climate change and social and political discrimination. In an exclusive interview with CNN, Bezos and his partner, journalist-turned-philanthropist Lauren Sánchez, said they intend to donate the majority of his wealth within his lifetime and currently the couple is “building the capacity to be able to give away this money.” The biggest challenge for them right now is to decide how to distribute his vast fortune. “The hard part is figuring out how to do it in a levered way,” he said and further hints that though he intends to give away most part of his wealth, he is still looking at ways to maximise profit in business. Among its priorities are reducing the carbon footprint of construction-grade cement and steel; pushing financial regulators to consider climate-related risks; advancing data and mapping technologies to monitor carbon emissions; and building natural, plant-based carbon sinks on a large scale, the CNN report cited.

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