Billionaire Jeff Bezos says he will give most of his money to charity

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Jeff Bezos says he plans to give away the majority of his $US124 billion net worth during his lifetime. 9News

"She is just beaming with light. And all she wants to do is bring light into other people's worlds.

But the couple's biggest challenge may be figuring out how to distribute Bezos' vast fortune. Bezos declined to identify a specific percentage or to provide concrete details on where it would likely be spent.Bloomberg Billionaires IndexBezos has committed $US10 billion over 10 years, or about 8 per cent of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs.

Bezos compared his philanthropic strategy to his years-long effort constructing a titanic engine of e-commerce and cloud computing that has made him one of the most powerful people in the world. MacKenzie Scott recently gave away nearly $US4 billion to 465 organisations in the span of less than a year.While Bezos and Sánchez plot out their plans for Bezos' immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn.

 

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Ofcourse he will need to give away. He cant sit n eat the money!!

He could take a smaller cut in the first place .

That’s what gates said 🤣🤣 he just started a charity doted to it an did what he had to do an he’s worth more now then, then!

Charity bosses will be planning their renovations in anticipation.....

Then why is he doing this?

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