Beautiful Virgin Islands

Sunday, Feb 05, 2023

Jeff Bezos reveals what he's going to do with his £110,000,000,000 fortune

Jeff Bezos reveals what he's going to do with his £110,000,000,000 fortune

Amazon founder Jeff Bezos will end up giving away most of his massive fortune.

The tech mogul, who now runs private space company Blue Origin, is the fourth richest man in the world after Elon Musk.

According to CNN, he plans to give away most of his £110 billion ($124 billion) fortune.

The billionaire has always avoided questions about what he will do with his money, but told the American news channel he will give most of it away during his lifetime.

The bulk of his wealth will go to fighting climate change and, the report says, supporting people who can unify humanity in the face of deep social and political divisions.

Many people have queried why Bezos hasn’t signed up to the Giving Pledge – a promise made by extremely wealthy people (like Bill Gates and Warren Buffet) to give away their cash.

Instead, it seems like Bezos wants to go it alone.


Jeff Bezos alongside his partner Lauren Sanchez

Speaking alongside his partner Lauren Sánchez, Bezos explained the couple is ‘building the capacity to be able to give away this money.’

Asked directly by CNN’s Chloe Melas whether he intends to donate the majority of his wealth within his lifetime, Bezos replied: ‘Yeah, I do.’

However, he stopped short of giving concrete details, percentages or timescales for his generosity.

‘The hard part is figuring out how to do it in a levered way,’ he said.

‘It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.’

‘There are a bunch of ways that I think you could do ineffective things, too,’ he added.

‘So you have to think about it carefully and you have to have brilliant people on the team.’


Jeff Bezos’ wealth


Jeff Bezos became a billionaire just a few years after launching Amazon as an online bookstore in 1994. In 1998, he had a net worth of $1.6 billion.

His wealth hit eleven figures in 2010, reaching £12.6 billion according to Forbes, before quickly multiplying.

Bezos became the richest person in the world in 2017, 23 years after he founded Amazon as an online bookstore in 1994.

Bezos’ wealth is largely tied to Amazon


His net worth hit a mammoth $160 billion in 2018, before falling back to $114 billion in 2019. At this point, Bezos was still the richest person in the world.

But he was finally overtaken by SpaceX founder Elon Musk two years later.

Much of his wealth is tied to Amazon’s share price. Even after leaving the company, he remains its highest individual shareholder.

Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
Tennessee Bill Would Imprison People for 3 Years If They 'Lie' About Rape to Get an Abortion.
I have a dream, MLK inspiring speech
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Aretha Franklin, Marvis Staples - Oh Happy Day
EU found a way to use frozen Russian funds
BVI Freedom Song
First generation unopened iPhone set to fetch more than $50,000 at auction.
Billy Preston - You Can't Beat God Giving (Live)
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Almost 30% of professionals say they've tried ChatGPT at work
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
What is ChatGPT?
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Hello Dolly
Tesla reported record profits and record revenues for 2022
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Bob Marley - Get Up Stand Up
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Yes He Can
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
What A Friend We Have In Jesus
Who’s Threatening Israeli Democracy?
Unforgettable
Federal Reserve Probes Goldman’s Consumer Business
Touch The Hem Of His Garment
China's first population drop in six decades
The Lord's Prayer
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
THE GOD MOVEMENT...BEAUTIFUL BVI
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Siyahamba
Tesla slashes prices globally by as much as 20 percent
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
Ramblin' Rose
After Failing To Pay Office Rent, Twitter May Sell User Names
Protoje - Who Knows ft. Chronixx
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Pressure - Virgin Islands Nice
FIFA president questioned by prosecutors
Phil Wickham - House Of The Lord
Britain's Sunak breaks silence and admits using private healthcare
My God Is Real (Yes, God Is Real)
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Louis Armstrong - When The Saints Go Marching In
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
Kanye West Sunday Service - hallelujah, salvation, and glory
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
Jonathan Nelson - I Believe (Island Medley
TikTok CEO Plans to Meet European Union Regulators
From The Virgin Islands Sqad Up
UK chaos: Hong Kong emigrants duped by false prospectus
Common, John Legend - Glory
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Japan reportedly to give families 1 million yen per child to move out of Tokyo
I have a dream, MLK inspiring speech
×