Amazon’s CEO, Jeff Bezos Donates $98.5 Million To The Needy

Amazon’s CEO, Jeff Bezos Donates $98.5 Million To The Needy

We all have heard stories of CEOs and founders investing a large sum of money in multi-nationals and startups. However, many also use this amount as a donation for the needy. One such CEO is Jeff Bezos, founder of Amazon.

The business leader donated $98.5 million to homeless people. He is known as the richest person in the world. The donation was made to about 32 organizations spread over 23 US states, most of them homeless and needy families.

About Bezos Day One Fund

The CEO and founder gave the money through Bezos Day One Fund. This organisation was inaugurated in September 2018. Upon the inaugurated,  Jeff Bezos pledged about $2 billion to its fund. The focus of the organization was focused on two prime matters:

  • Funding the organizations who help homeless families
  • To create Montessori-inspired preschools across the country

This year, Bezos decided to donate $98.5 million across states in the US, Maryland and New York to Alaska and Hawaii. Last year, the number of states was around 24 but this year there was an increase in the amount of $1 million. Thus, helping more and more people who are needful of these resources.

Jeff Bezos- Biography

Image result for Jeff bezos
Image Credit- Business Insider

Born on born January 12, 196, Jeff Bezos is an American internet and aerospace entrepreneur who is the founder of Amazon. Also, a media proprietor, and investor. He was born in Albuquerque, New Mexico, and raised in Houston, Texas.

Currently, Jeff’s estimated net worth is $109 billion, which makes him the richest person in the world. Hence, beating Bill Gates, who comes second in the list of the richest 500 people in the world. Recently, Amazon was ranked #best-manageded company, all thanks to Jeff.

Well, this was really good of this great entrepreneur to think of the people of the nation who gave him so much. Businesses are all about serving people, whether it is serving them the best product or service, or helping people through your operations and services.

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