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Amazon's Jeff Bezos commits $2 billion to help homeless, pre-schools

14 September 2018

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.

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

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. We'll use the same set of principles that have driven Amazon. "Most important of those will be genuine, intense customer obsession".

Asked about Mr. Trump's repeated criticism of both the Washington Post and Amazon, Mr. Bezos called it a "mistake" for any elected official to "attack media and journalists". 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.

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The staggering fortunes of the likes of Bezos, Gates and Facebook CEO Mark Zuckerberg have created a second Gilded Age in the U.S. and "a new generation of megagivers", Callahan said. "Jeff Bezos is our enemy, he is our enemy", Sawant said before the council voted.

Amazon has a history of supporting homeless programs in Seattle.

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".

Many Twitter users agreed with that reasoning. "If billionaires like Bezos were properly taxed then we wouldn't need billionaires like Bezos to sweep in and "rescue" people failed by our underfunded systems," one wrote.

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He said he did not know how much money he would eventually give away.

Michael Bloomberg, the owner of Bloomberg LP, parent of Bloomberg News, also is a signatory.

In places like China and the Middle East, where public acts of charity are less common, the wealthy are starting to formalise their giving.

The Amazon chief's wealth has become problematic for some.

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Amazon's Jeff Bezos commits $2 billion to help homeless, pre-schools