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Jeff Bezos is the founder and CEO of Amazon, and he is one of the richest people in the world. So, how much does he give to charity?
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Jeff Bezos’ Personal Life
Jeff Bezos is the founder, CEO, and president of Amazon.com. He is worth an estimated $81.7 billion and is ranked as the richest person in the world. He started Amazon in 1994 and has since become one of the most successful businesses. He has also been married for 25 years and has four children. While he is a very private person, we do know that he gives to charity. So, how much does Jeff Bezos give to charity?
Early life and family
Jeffrey Preston Bezos was born on January 12, 1964, in Albuquerque, New Mexico, the son of Jacklyn Gise Jorgensen and Ted Jorgensen. His ancestry includes English, German, and Scottish. He has a younger brother named Mark. He has an older maternal half-sister named Christina, from his mother’s first marriage to Miguel Bezos. His mother remarried when he was young to Mike Bezos, an Cuban immigrant who later adopted Jeff, who took his surname.
Bezos’ father was a teenager when he married Jacklyn, and they divorced when Jeff was four. His stepfather adopted him when he turned 19, and Jeff took his surname. The family moved to Miami, Florida, where Mike worked as an engineer for Exxon. The family then moved to Houston, Texas where Mike now worked as an environmental manager for Exxon after it had merged with Mobil
Education
Jeff Bezos was born in Albuquerque, New Mexico, on January 12, 1964. His mother, Jacklyn Gise Jorgensen, was a 17-year-old high school student at the time of his birth. His father, Ted Jorgensen, was a bicycle shop owner. The couple married a month after Bezos’ birth. When Bezos was four years old, his parents divorced and he and his mother moved to Houston, Texas. He attended River Oaks Elementary School in Houston from fourth to sixth grade. As a child, he once spent three straight summers working at his grandfather’s ranch in Texas.
Bezos graduated from Miami Palmetto High School in 1982. He then attended Princeton University, where he studied electrical engineering and computer science. He graduated with highest honors in 1986.
Career
Jeff Bezos is an American internet entrepreneur, media proprietor, and industrialist. He is the founder, chief executive officer, and president of Amazon.com, Inc., an online retailer that sells and rents books, music CDs, DVDs, and other consumer goods. He also owns The Washington Post newspaper.
Bezos was born in Albuquerque, New Mexico on January 12, 1964. His mother was a teenager at the time of his birth, and his father was a Cuban immigrant who later became an accomplished structural engineer. When Bezos was four years old, his parents divorced and he moved with his mother to Houston, Texas.
In 1986, Bezos graduated from Princeton University with a Bachelor of Science degree in electrical engineering and computer science. After working on Wall Street for a few years, he quit his job in 1994 to open Amazon.com in Seattle, Washington.
Since its inception, Amazon has grown to become one of the largest online retailers in the world. In 2013, Bezos purchased The Washington Post for $250 million. He also owns space exploration company Blue Origin and has invested in several technology startups through his venture capital firm Bezos Expeditions.
Bezos has a net worth of $131 billion as of March 2019. He is currently the richest person in the world.
Personal life
Bezos was married to MacKenzie Tuttle, a novelist, in 1993. They have four children. In 2019, Jeff and Mackenzie announced that they would be divorcing after 25 years of marriage.
Jeff has been active in philanthropy, donating $10 billion to the Bezos Earth Fund in February 2020 with the goal of fighting climate change. He has also given generously to various other causes, such as healthcare and education.
Jeff Bezos’ Net Worth
Jeff Bezos, the founder of Amazon, is one of the richest people in the world. He has a net worth of over $100 billion. Many people are wondering how much of that money he gives to charity. Let’s take a look at what we know.
Amazon
Bezos has said that he investigates things he’s interested in “to a far greater degree than others might.” Before starting Amazon, he studied how mail order shopping worked and how people were using the internet. He was also willing to take risks, such as when he quit his job as a vice president at a successful Wall Street hedge fund to start Amazon in 1994.
Today, Bezos is worth an estimated $131 billion, making him the world’s richest man. He owns a 12 percent stake in Amazon, which he founded in 1994. The company began as an online bookstore and has since expanded to sell everything from groceries to streaming video. Amazon is now the world’s largest retailer, with a market value of more than $1 trillion.
While Bezos has not signed the Giving Pledge—a commitment by billionaires to donate at least half of their wealth to charitable causes—he has given away millions of dollars to charity. In 2018, he donated $2 billion to launch the Bezos Day One Fund, which supports organizations that help homeless families and build early childhood education programs in low-income communities.
Other investments
Bezos has made other investments over the years, including stakes in business and technology companies like Google, airfreight company Fastenal, and the Washington Post. He also owns a 10,000-year clock designed to keep time for 10 millennia. The clock is currently being built in a 500-foot-deep Texas cave.
Philanthropy
Philanthropy has always been important to Jeff Bezos. He has said that he hopes to give away half of his fortune to charity, and he has already made significant donations to various causes. In recent years, his philanthropy has focused on two main areas: helping people in need through the homeless shelters he operates, and supporting scientific research through the Bezos Earth Fund.
Bezos first became interested in philanthropy when he saw how much difference it could make in people’s lives. He was inspired by Warren Buffett’s decision to give away much of his fortune, and he decided that he wanted to do something similar. In 2006, he founded Amazon Giving, a program that allows customers to donate to charities through Amazon. Since then, Amazon Giving has donated millions of dollars to thousands of different charities.
In 2015, Bezos founded the Bezos Day One Fund, which supports two programs: the Day 1 Families Fund and the Day 1 Academies Fund. The Families Fund provides grants to organizations that help homeless families get back on their feet, while the Academies Fund supports charter schools that serve low-income communities. So far, the Bezos Day One Fund has awarded more than $100 million to various organizations working on these issues.
In 2019, Bezos pledged $10 billion towards fighting climate change through the newly created Bezos Earth Fund. The fund will support scientists, activists, and NGOs who are working to protect the environment and mitigate the damage caused by climate change. This contribution is just one part of Jeff’s broader commitment to environmental causes; Amazon has also pledged to be completely carbon-neutral by 2040.
How Much Does Jeff Bezos Give to Charity?
The answer may surprise you. Last year, Jeff Bezos donated $10 million to charity. That might sound like a lot, but it actually only represents 0.1% of his $100 billion fortune. So, how much does Jeff Bezos give to charity?
Giving Pledge
In May of 2013, Jeff Bezos was one of 40 ultra-wealthy individuals to sign The Giving Pledge. The Giving Pledge is an initiative created by Bill Gates and Warren Buffett in which the world’s wealthiest people commit to giving away at least half of their fortune to philanthropic causes. As of February 2019, 204 individuals and couples have signed the pledge.
So, how much does Jeff Bezos give to charity? According to Forbes, as of 2018, Bezos had not donated any of his $131 billion fortune to charity. However, that doesn’t mean that he hasn’t given at all. In January of 2019, it was announced that Bezos had donated $10 million to Mary’s Place, a Seattle-based nonprofit that provides shelter and resources for homeless women and families.
It’s also important to note that Jeff Bezos does not just write checks to charitable organizations; he also makes investments in them. In December of 2015, it was announced that Bezos had made a $100 million investment in the This Star Won’t Go Out cancer research foundation.
While Jeff Bezos has not given away half of his fortune (yet), it seems likely that he will continue to give both his time and money to philanthropic causes.
Breakdown of Bezos’ charitable donations
Jeff Bezos is one of the richest people in the world, with a net worth of over $100 billion. Given his vast wealth, you might expect that he would be one of the biggest donors to charity. However, according to public records, Bezos has only given away a small fraction of his wealth to charitable causes.
Here is a breakdown of Bezos’ charitable donations, according to public records:
-In 2001, Bezos donated $10 million to Princeton University, his alma mater.
-In 2012, he gave $2.5 million to the Washington United Negro College Fund.
-In 2013, he donated $33 million to TheDream.US, a scholarship fund for undocumented immigrants.
-In 2014, he gave $1 million to World Food Program USA.
-In 2015, he donated $15 million to Code for America.
-In 2017, he gave $10 million to the Mary’s Place shelter for homeless women and families in Seattle.
-So far in 2018, he has given $100 million to fund scholarships for young immigrants brought to the US illegally as children (DACA recipients).
Bezos Family Foundation
In 2013, Jeff and MacKenzie founded the Bezos Day One Fund, which supports homeless families and builds preschools in low-income neighborhoods. So far, they’ve donated $100 million to the fund.
The Bezoses also gave $10 million to TheDream.US, a scholarship program for undocumented immigrants brought to the United States as children, known as DREAMers.
