Jeff Bezos says he will give away most of his fortune

Nov 13, 2022, 4:50 PM | Updated: Nov 14, 2022, 6:52 am
FILE - Amazon founder Jeff Bezos is seen on the sidelines before the start of an NFL football game ...

FILE - Amazon founder Jeff Bezos is seen on the sidelines before the start of an NFL football game on Sept. 15, 2022, in Kansas City, Mo. A former housekeeper for Bezos says she and other employees suffered unsafe working conditions that included being forced to climb out a laundry room window to get to a bathroom. In a lawsuit filed in Seattle this week, a longtime housekeeper claims she was discriminated and retaliated against when she complained about a lack of rest breaks or an area where staff could eat. (AP Photo/Charlie Riedel, File)

(AP Photo/Charlie Riedel, File)

NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune.

Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion, made the announcement in a joint CNN interview with his girlfriend Lauren Sanchez that was released on Monday. The billionaire didn’t specify how – or to whom – he will give away the money, but said the couple were building the “capacity” to do it.

“The hard part is figuring out how to do it in a levered way,” Bezos said during the interview. “It’s not easy. Building Amazon was not easy. It took a lot of hard work and very smart teammates. And I’m finding – and Lauren’s finding – that philanthropy is very similar. It’s not easy. It’s really hard.”

Previously, Bezos has been criticized for not signing the Giving Pledge, the campaign launched by Bill Gates, Melinda French Gates and Warren Buffet to encourage billionaires to donate the majority of their wealth through philanthropy.

The billionaire stepped down as Amazon CEO last year to devote more time to philanthropy and other projects. He’s pledged $10 billion to fight climate change as part of his Bezos Earth Fund initiative. And according to The Chronicle of Philanthropy, he gave $510.7 million to nonprofits last year.

On Saturday, Bezos and Sanchez also announced a no-strings-attached $100 million grant to singer Dolly Parton, who’s been praised for her philanthropic work that helped create the Moderna vaccine for COVID-19. Bezos had given a similar grant to chef José Andrés and CNN commentator Van Jones last year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Workers of the electricity supply company DTEK maintain power lines by cutting off excess branches ...
Associated Press

Ukraine utility crews adapt, overcome after Russian strikes

KYIV, Ukraine (AP) — Over the grinding wail of a chainsaw pruning trees, Oleh Braharnyk recalls how his crew sprang into action in Kyiv a week earlier to repair power lines downed by Russian missiles and keep electricity flowing to his beleaguered fellow Ukrainians. Braharnyk, an electric company foreman, knows the stakes: Like many others […]
1 day ago
Batool Haidari, 37, talks during an interview with the Associated Press on a train taking her from ...
Associated Press

Afghan academic rebuilds life in Italy, dreams of returning

ROME (AP) — Batool Haidari used to be a prominent professor of sexology at a Kabul university before the Taliban takeover of Afghanistan. She taught mixed classes of male and female students, and helped patients struggling with gender identity issues. Her husband owned a carpet factory, and together they did their best to provide a […]
1 day ago
The Shchedryk youth choir performs a Christmas concert at Copenhagen’s Church of the Holy Spirit,...
Associated Press

Ukrainian youth choir defies war with messages of freedom

COPENHAGEN, Denmark (AP) — From a dank Kyiv bomb shelter to the bright stage lights of Europe’s theaters, a Ukrainian youth choir’s hymns in praise of freedom offer a kind of healing balm to its war-scarred members. The Shchedryk ensemble, described as Kyiv’s oldest professional children’s choir, were in the Danish capital this week for […]
1 day ago
Associated Press

Friday’s Scores

GIRLS PREP BASKETBALL= Bishop Kelly 59, Caldwell 16 Centennial 55, Borah 46 Cole Valley 64, Marsing 10 Gooding 36, Wood River 20 Hillcrest 68, Bonneville 43 Jerome 55, Kimberly 39 Leadore 58, N. Gem 12 Nampa Christian 43, New Plymouth 22 Owyhee 52, Middleton 47 Post Falls 65, Sandpoint 55 Potlatch 54, Clearwater Valley 25 […]
1 day ago
Protesters shout slogans during a rally as they commemorate International Human Rights Day, Saturda...
Associated Press

Philippine protesters decry alleged injustices under Marcos

MANILA, Philippines (AP) — Hundreds of people marched in the Philippine capital on Saturday protesting what they said was a rising number of extrajudicial killings and other injustices under the administration of President Ferdinand Marcos Jr. The protesters, led by a Philippines-based rights group, gathered at a public square in Manila before marching toward the […]
1 day ago
Associated Press

Friday’s Scores

GIRLS PREP BASKETBALL= Aberdeen 67, Centralia 38 Adna 71, Toledo 22 Annie Wright 47, Charles Wright Academy 2 Arlington 49, Snohomish 48 Bainbridge 48, North Kitsap 45 Black Hills 44, Tenino 25 Bonney Lake 61, Spanaway Lake 42 Bothell 59, Redmond 27 Burlington-Edison 72, Mount Vernon 47 Cashmere 54, La Salle 6 Central Valley 58, […]
1 day ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Jeff Bezos says he will give away most of his fortune