Jeff Bezos ripped for giving $120M to fight homelessness — then $500M to make it worse

Among the three richest people on the planet, mega-billionaire Amazon founder Jeff Bezos received some praise last week for announcing approximately $120 million in donations to a number of groups fighting the scourge of homelessness in the United States. Just days after word of the charitable gifts—a minuscule drop in the bucket compared to the estimated $170 billion fortune he possesses—a Bezos-controlled company called Arrived dropped $500 million of new investment in single-family homes with a venture fund that critics warn will make the nation's housing crisis even worse. "The last thing Americans need is a Bezos-backed investment company further consolidating single-family homes and putting homeownership out of reach for more and more people," Khanna tweeted on Friday. "By acquiring a large number of single-family homes," reads the post, "Bezos and other investors could consolidate control over the housing supply, giving them significant influence over rental prices and market dynamics. In response to the latest revelations about his charitable giving, a few people said a person worth nearly $200 billion like Bezos "could literally end homelessness by himself if he wanted to."