Amazon founder Jeff Bezos plans to give away most of his £110 billion fortune | DayDayNews

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

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

This is the first time he has said he plans to donate most of the money.

Mr. Bezos has been criticized in the past for not signing the Giving Pledge, which was launched by Warren Buffett and Bill Gates to encourage the super-rich to give away most of their wealth to charitable causes.

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

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

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

it was announced at the start of a week ago COP27 At the summit, his Bezos Earth Fund has pledged another $1 billion through next year to help protect carbon stocks and biodiversity — on top of the $9 billion already pledged for climate causes.

Also last week, news broke that country music star Dolly Parton received $100m (£85m) prize money From Mr. Bezos.

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

Parton, herself a longtime philanthropist, has established a number of charities and invested $1 million in developing a COVID vaccine during the pandemic.

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

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

His other business interests include owning the Washington Post and space tourism company Blue Origin.

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