Bezos commits $2 billion to help homeless, schools

Bezos Amazon board visiting Washington but no headquarters announcement planned

Bezos Amazon board visiting Washington but no headquarters announcement planned

David Rubenstein, the president of the Economic Club of Washington D.C., co-founder of the Carlyle Group and fellow billionaire, interviewed Bezos in front of the attendees at the dinner. "You're really improving their odds".

The announcement comes a few weeks after the first major political contribution from Bezos and his wife, MacKenzie, - a $10 million gift to a super PAC focused on electing veterans to public office. In 2012, he donated $2.5 million to uphold Washington state's same-sex marriage law. The Bill and Melinda Gates Foundation is a massive philanthropic initiative tackling issues such as infectious diseases and improving education.

Many on Twitter, however, did not hurry to heap praise on Bezos' new endeavor, pointing out Amazon's practices of underpaying its workers and forcing employees to work in stuffy warehouses without air conditioning. Amazon warehouse employees are known to have terrible working conditions, pitiful wages, and have even been forced into homelessness after workplace injuries.

"That's what a rigged economy is about", Sanders said, as he introduced the bill.

The fund will be split between Day 1 Families Fund and Day 1 Academies Fund.

The second will launch a network of "high-quality, full-scholarship" preschools in low-income communities, which a Day One Fund organization will directly operate. Bezos, who is 54 and worth $160 billion, pledged $2 billion to get the effort rolling. Bezos was previously criticized for giving relatively little to charity. 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.

To raise awareness about childhood cancer, which is the second leading cause of death in the USA between kids aged 4 and 14, Amazon's Jeff Bezos wore pajamas to a meeting on Wednesday. Amazon's digital assistant Alexa has helped drive its hardware sales and is used on smart devices ranging from cars to refrigerators.

Bezos solicited ideas on Twitter past year for ways to donate some of his wealth. At the time, he said that he was interested in funding projects to help people at the intersection of urgent need and lasting impact.

In coming to his decision on what areas to pursue, he said on Twitter Thursday that he wanted to continue finding ways to improve society from one generation to the next.

While he has financially supported cancer research and scholarships for immigrants, among other causes, Mr Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an "investment in the future of our planet through the development of foundational space infrastructure".

He has a home in the capital, owns the Washington Post and Amazon has significantly increased its lobbying presence there.

"The media", Bezos added, "is going to be fine. I am glad I am being scrutinized, ' and that would be so secure and confident", Bezos said in comments reported by Reuters.

"It's unsafe to demonize the media", Bezos said. It's risky to call the media low-lifes. "It's risky to say they are the enemy of the people". "The child will be the customer", he wrote in his post. Most important among those will be genuine, intense customer obsession. "But we're going to make a final pitch".

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.