24th September 04:45 AM
Amazon chief Jeff Bezos gives $2 billion to help the homeless
By Naveel Krishant
Friday 14/09/2018
Amazon CEO Jeff Bezoz [Photo: CNet]

Amazon chief Jeff Bezos is putting $2 billion into a charitable fund he has established to help the homeless and set up a new network of schools.

The world's richest man announced the move in a tweet, saying the charity would be called the Day One Fund.

Bezos is reportedly worth more than $164 billion ‑ has faced criticism for not doing more philanthropic work.

Bezos asked on Twitter last year for suggestions on how he might use his personal fortune, which this year has soared due to Amazon's surging share price and US tax cuts.

He say that the "Bezos Day One Fund" will contribute to "existing non-profits that help homeless families" and also fund "a network of new, nonprofit, tier‑one preschools in low‑income communities".

[Source: BBC]

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