Jeff Bezos says he will give away majority of his $124 billion wealth in his lifetime

Jeff Bezos says he will give away majority of his $124 billion wealth in his lifetime

This is the first time that Bezos has announced the distribution of his wealth.

Amazon founder Jeff Bezos, who is the fourth richest man in the world, plans to give away most of his money to charity. In an interview with CNN, he revealed that he will be giving away majority of his $124 billion wealth to help the world fight climate change. Bezos reportedly wants to support people who can unify humanity by giving all of the money that he earned within this lifetime.

Jeff Bezos says he will give away majority of his $124 billion wealth in his lifetime
Elon Musk is now $100b richer than Jeff Bezos

This is the first time that Bezos has announced the distribution of his wealth. Though, he didn't get to specifics on how he plans to do this and when. Bezos has previously been criticized for not participating in one of the campaigns – Giving Pledge – founded by Warren Buffett and Bill Gates to encourage rich people to give away some of their wealth for a good cause and to help the world.

The billionaire along with his life partner told CNN that they are currently "building the capacity to be able to give away this money." This suggests that the couple is preparing themselves for giving away most of their wealth and this will likely take time.

The report says that the couple is still trying to figure out how they will distribute their huge fortune. Bezos didn't reveal the exact percentage or the amount he is willing to give away, apart from the fact that he plans to distribute most of his money. Bezos was directly asked if he plans to donate the "majority" of his wealth to charity, and he said, "Yeah, I do."

It is worth pointing out that the billionaire has committed to offering $10 billion over 10 years to fight climate change through the Bezos Earth Fund, which is chaired by Bezos himself. While he stepped down from his post of Amazon CEO in 2021, he still holds about a 10 percent stake in the company and even owns news organizations like The Washington Post.

Related Stories

No stories found.
Indians In Gulf
www.indiansingulf.in