Jeff Bezos, the creator of Amazon, has stated that he will be donating his $124 billion wealth.
Bezos stated this during an interview with CNN. He stated that he intends to contribute the majority of his net assets to organizations throughout his lifetime, with the proceeds going toward combating climate change and helping those who can help mend political and social differences.
When asked if he intends to donate the majority of his wealth within his lifetime, Bezos said “Yeah, I do.”
Speaking alongside his partner, Lauren Sánchez, from his Washington DC home, Bezos added:
“The hard part is figuring out how to do it in a levered way.
“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.”
He did not specify where the money would be spent, nor gave an exact percentage.
Bezos’ announcement comes after he gave a $100million prize to singer Dolly Parton for her “love and compassion in every aspect of her work”.