Jeff Bezos calls Donald Trump's attacks on media 'dangerous'

14 September, 2018, 17:29 | Author: Eric Barnett
  • Sources News reports and announcements

Amazon founder and CEO Jeff Bezos says he is giving $2 billion U.S. to start a fund that will open preschools in low-income neighbourhoods and give money to non-profits that helps homeless families.

The fund will help organizations and shelters provide services for homeless families and will put money toward building a network of free Montessori-like schools for underprivileged communities.

The second will launch a network of "high-quality, full-scholarship" preschools in low-income communities, which a Day One Fund organization will directly operate.

To raise awareness about childhood cancer, which is the second leading cause of death in the United States between kids aged 4 and 14, Amazon's Jeff Bezos wore pajamas to a meeting on Wednesday. "Most important among those will be genuine, intense customer obsession", he tweeted.

Amazon CEO and Washington Post owner Jeff Bezos took aim at President Donald Trump over his criticism of journalists Thursday night, saying his rhetoric calling the media the "enemy of the people" erodes the freedom of the press the nation cherishes.

Later, Bezos told a Washington gathering that the $2 billion was only a start and that he would likely expand his philanthropic efforts. Bezos was in town with his parents, who run the Bezos Family Foundation.


Bezos solicited ideas on Twitter a year ago for ways to donate some of his wealth.

Bezos's personal wealth has soared with the value of Amazon, whose stock price has doubled over the past year with its expansion into new sectors and geographies. "It was only a matter of time before Bezos would join this new era of big philanthropy".

In brief: To say that Jeff Bezos has a lot of money is an understatement.

Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000. Zuckerberg's shares in the social network are now valued at about US$61 billion.

"We're hoping that local, state and federal governments see this as a call to invest more in preschool and childcare", he said.

Bezos has yet to sign the Giving Pledge, an initiative launched by Gates encouraging billionaires to commit to giving away most of their wealth. While his and Amazon investors' wealth increases-and the company's market capitalization approaches $1 trillion-what makes the business so efficient is that relies on automation and low-priced labor.

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