Amazon founder Jeff Bezos plans to give away most of his £110bn fortune | Business News

Jeff Bezos has revealed he plans to give away most of his $124bn (£110bn) fortune during his lifetime.

According to Forbes, the 58-year-old Amazon founder is the second-richest person in the world after Tesla boss and new Twitter owner Elon Musk.

It’s the first time he’s said he intends to donate most of his money.

gentlemen bezos He has faced criticism in the past for not signing the Giving Pledge, a campaign started by Warren Buffett and Bill Gates to encourage the super-rich to give away most of their wealth to philanthropy.

Asked directly by CNN if he planned to donate most of the money, Mr Bezos said: “Yes, I would.”

Mr. Bezos told the ABC that he and his girlfriend, journalist-turned-philanthropist Lauren Sanchez, are “building the capacity to be able to give that money away”.

He said the money would be used to fight climate change and support people who can unite humanity.

it was announced a week ago COP27 At the summit, his Bezos Earth Fund pledged to invest another $1 billion by 2030 to help preserve carbon stocks and biodiversity — building on the $9 billion already committed to climate causes.

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Also last week, it was revealed that country music star Dolly Parton had received a $100 million (£85 million) in prize money From Mr. Bezos.

The Courage and Civility Awards give people the opportunity to donate to a cause of their choice.

A longtime philanthropist in her own right, Parton has established numerous charities and committed $1 million to developing a COVID vaccine during the pandemic.

After stepping down as Amazon’s chief executive last year, Mr Bezos has had more time to devote to his passions.

He continues to own about 10% of the e-commerce streaming giant.

His other business interests include ownership of The Washington Post and space tourism company Blue Origin.

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