Jeff Bezos Now Has a £1.5 Billion Charity Fund

Gladys Abbott
September 14, 2018

Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities.

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, with an estimated fortune of more than $160 billion, is now the world's wealthiest man, according to Forbes. "It's okay. It's part of the process", Bezos said.

Amazon founder Jeff Bezos plans to open and fund nursery schools in low income areas, promising that poor children would be treated like Amazon customers.

Mr Bezos asked on Twitter last year for suggestions on how he might use his personal fortune, which this year has soared due to Amazon's surging share price and USA tax cuts.

Outside that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Centre, according to the Chronicle of Philanthropy.

He added that "we live in a society where it's not just the laws of the land that protect us.it's also the social norms that protect us".

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Bezos also said the company would announce a decision on where it will build a second headquarters before the end of the year.

Jeff Bezos, owner of the US Washington Post newspaper, has opined that it is "dangerous" for America's mop-haired 45th president Donald Trump to criticise the media. In January, he said he would donate $33 million to a scholarship fund for young "dreamers", immigrants brought to the United States illegally as children. "If you can give somebody a leg up when they're 2, 3 or 4 years old, by the time they get to kindergarten of first grade, they're much less likely to fall behind".

Despite his concerns with Mr Trump, Mr Bezos said that he was not overly concerned about the future of the news media.

Last year, Bezos took to Twitter to request ideas for how he use his vast fortune for good.

Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, despite studies suggesting the internet giant's deal has been beneficial to the United States government postal operator.

Bezos, who founded Amazon as an online book store more than two decades ago, has seen his wealth surge along with Amazon's stock.

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