Jeff Bezos plans to donate bulk of fortune to charity

Ryan King

November 14, 03:57 PM November 14, 03:57 PM

Billionaire Jeff Bezos said he is planning to donate the bulk of his roughly $124 billion fortune to combat climate change and unify humanity.

Offering few specifics, Bezos said he plans to donate the majority of his fortune within his lifetime and that he is in the process of determining how to leverage his wealth for charitable purposes most effectively.

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“The hard part is figuring out how to do it in a levered way,” Bezos told CNN. “It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hardworking teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.”

Unlike some of his wealthy peers, such as Warren Buffett and Bill Gates, Bezos has not yet signed the Giving Pledge, in which they have promised to donate most of their wealth to charitable pursuits.

Bezo's ex-wife, MacKenzie Scott, who amassed billions after their divorce, has donated over $4 billion to a multitude of organizations within the past year, according to CNN. She has garnered a trove of headlines for her charitable endeavors, while Bezos has gone at a much slower tempo.

The Amazon founder, who stepped down as CEO of the e-commerce giant last year, has pledged $10 billion, roughly 8% of his current net worth, over a 10-year period to the Bezos Earth Fund, which he founded and is co-chaired by his partner, philanthropist Lauren Sanchez. The pair recently announced a $100 million grant to singer Dolly Parton.

Bezos is the fourth richest man in the world, according to Bloomberg. He has also spent billions from his Amazon fortune to prop up his space adventures via Blue Origin. In addition to combating climate change, he told CNN that he is keen on working to ease political and social divisions.

“There are a bunch of ways that I think you could do ineffective things, too,” Bezos continued. “So you have to think about it carefully, and you have to have brilliant people on the team.”

India's richest guy passes Jeff Bezos on record of world's wealthiest individuals

Misty Severi

September 17, 12:09 AM September 17, 12:09 AM

The richest person in India edged out Amazon founder Jeff Bezos for the No. 2 ranking on the record of the world's wealthiest folks Friday, nevertheless both equally ranked below Tesla and SpaceX founder Elon Musk.

With a net worth of $152.2 billion as of 5 p.m. EST, Indian billionaire Gautam Adani replaced Bezos in the No. 2 position on the Forbes serious-time position of the world's billionaires. Bezos experienced a internet worth of $146.9 billion by close of business.

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Adani was later replaced by French business magnate Bernard Arnault, who was truly worth $154.7 billion by the finish of the day, knocking Bezos into fourth, according to the listing.

Chairman of multinational conglomerate the Adani Group, Adani's truly worth skyrocketed this calendar year as strength selling prices surged. With investments in coal mining, information facilities, airports, and renewable strength, the billionaire climbed the Forbes listing though vital tech titans and other billionaires in the United States slipped.

Adani begun the calendar year as No. 14 on the Bloomberg Billionaires Index, and he became the richest particular person in Asia in February, surpassing fellow Indian billionaire Mukesh Ambani, who is No. 8 in the entire world rankings, in accordance to Forbes. Adani has more than doubled his net truly worth this calendar year and moved previous iconic billionaires Warren Buffett and Bill Gates, who is truly worth $104.6 billion.

Bezos was previously the richest guy in the earth ahead of Musk rose in the ranks subsequent a drastic boost in the truly worth of Tesla in 2020. Even though greatest known for Amazon, Bezos has functions in e-commerce, cloud computing, streaming, and news media. Bezos owns the Washington Post and the aerospace enterprise Blue Origin.

Oracle founder Larry Ellison, Buffett, Gates, and Google co-founders Larry Web page and Sergey Brin also make up the top rated 10 wealthiest individuals in the environment.