Amazon's Jeff Bezos to start $2B United States charitable fund

Bezos to launch network of preschools 'The child will be the customer'

Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center's Forum on Leadership in Dallas, Texas, US, April 20, 2018.

Within this, the Day 1 Families Fund will support existing non-profits that offer shelter and food to young homeless families.

"September is Childhood Cancer Awareness month and each year Amazon partners with @ACCOrg to raise awareness of childhood cancer - second leading cause of death for kids in the U.S. between ages 4 and 14', he wrote in an Instagram post shared".

In 2016, Bezos was asked if he planned to pursue philanthropy like Gates has.

Among the world's top tech CEOs, Bezos is not known for his philanthropy. "So when someone like Jeff Bezos admirably steps into the area of giving, it's helpful but we also have systematic problems in wages and labor, healthcare and education, that need to be addressed at the root". "Jeff Bezos is our enemy, he is our enemy", Sawant said before the council voted.

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term. "What the president should say is, 'This is right, I'm glad I'm being scrutinised.' That would be so secure and confident". When discussing his charity work with the homeless and schools for children, Bezos said, "All of his best decisions have been made with heart and by trusting gut and instinct as opposed to just analysis".

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The Amazon chief's wealth has become problematic for some. "Most important of those will be genuine, intense customer obsession". Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion, and many more.

We will build an organization to directly operate these preschools.

An Amazon spokesperson confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.

Bezos, the reigning world's richest man, released a statement on Twitter on Thursday explaining that he and his wife MacKenzie were committing $2 billion to launch a new initiative called the Bezos Day One Fund.

Bezos, who Forbes lists as the richest person in the world with a net worth over $100 billion, went on to say that the overall health of the media in the US would be "fine", and would survive Trump's consistent criticism and cries of "fake news".

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