World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

I want to believe Jeff Bezos has turned a leaf, that the growing concern over the working conditions alleged to Gizmodo and other outlets by his own workers has led the CEO to consider humanity at large a worthy investment.

Amazon founder Jeff Bezos, the richest person on the planet, announced Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion. The new "Bezos Day One Fund" is the result; it'll work to issue "awards" to existing nonprofits that provide shelter and food to homeless young families.

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.

"September is Childhood Cancer Awareness month and each year Amazon partners with @ACCOrg to raise awareness of childhood cancer - second leading cause of death for kids in the United States between ages 4 and 14', he wrote in an Instagram post shared". Public donations by the 54-year-old Bezos have been rare, and - with exceptions like a $35 million family donation to the Fred Hutchinson Cancer Research Center - typically on a scale far smaller than the two men just behind him in the wealth rankings, Microsoft co-founder Bill Gates and Berkshire Hathaway's Warren Buffett.

The new philanthropic effort is called the Bezos Day One Fund, a nod to the executive's management philosophy that organisations must view every day with the fervour of a new start, or face stagnation and decline. At the time, he said he was interested in projects that address urgent need but also produce lasting impact.

"Another way we're raising awareness is through our special #GoGold boxes - you may receive one during September", he added. What the president should say is, 'This is right, this is good. Go Gold boxes by Amazon are uniquely-designed packing boxes that feature a gold ribbon - the global symbol of childhood cancer.

The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon.

Trump has described The Washington Post as Amazon's "chief lobbyist". Most important among those will be genuine, intense customer obsession.

The staggering fortunes of the likes of Bezos, Gates and Facebook CEO Mark Zuckerberg have created a second Gilded Age in the USA and "a new generation of megagivers", Callahan said.