Using Instagram as a podium, Amazon CEO Jeff Bezos announced on Feb. 17 that he is donating $10 billion of his own money to combat climate change.
Bezos, the richest man in the world, wrote in his Instagram post that “climate change is the biggest threat to our planet.”
The initiative is called the Bezos Earth Fund.
“I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals,” Bezos wrote.
Jeff Bezos has a net worth of about $130 billion. Unlike Bill and Melinda Gates, Warren Buffett, and many more of the world's wealthiest individuals, Bezos has not signed the Giving Pledge, a promise to commit half of his wealth to philanthropy in his lifetime or through his will. Bezos’ ex-wife, MacKenzie Bezos, has signed the pledge.
Still, this $10 billion initiative is the second-biggest charitable gift in history.
Details are scarce on exactly how the grants will be given out, but Bezos wrote in his Instagram post that he will begin issuing them in summer 2020.
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