Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

14 September, 2018, 12:11 | Author: Tracy Craig
  • Sources News reports and announcements

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. "If our own great grandchildren don't have lives better than ours, something has gone very wrong". "September is Childhood Cancer Awareness month", he wrote in an Instagram post shared about 10 hours ago, explaining that every year, Amazon ties up with the American Childhood Cancer Organisation to raise awareness of childhood cancer, which is the second leading cause of death for kids in the U.S. between ages 4 and 14. And Sen. Bernie Sanders, I-Vt., has held Bezos up as an example of a leader of a company that does not pay its workers enough. After discussing the success of the Washington Post, which Bezos bought in 2013, Rubinstein asked how Bezos responds to criticism - some of which comes from Trump's Twitter feed - of Amazon and the Post.

The fight soured many more locals on Amazon and Bezos, and also overshadowed the growing portfolio of philanthropy they had done in the city. He wrote that he wanted to help "people in the here and now - short term - at the intersection of urgent need and lasting impact". While he has financially supported cancer research and scholarships for immigrants, among other causes, Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an "investment in the future of our planet through the development of foundational space infrastructure". "The media is going to be fine", he said during the conversation with economic club president David Rubenstein.

Jeff Bezos' donation of $2 billion to his newly announced charitable fund clearly isn't chump change.

With a personal fortune of $163.8 billion, according to the Bloomberg Billionaires Index, the Amazon.com Inc. chief executive officer had previously been largely invisible in the world of philanthropy.

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Bezos said Trump and other public figures should expect public and media scrutiny, which he called "healthy".

Demonising the media and calling them "the enemies of the people" is risky, Bezos said. "We're going to push through this".

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".

With a little more than three months left in the year, Amazon CEO Jeff Bezos says he still intends to announce a decision on where its second headquarters will be located before the new year.

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