World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

Jeff Bezos of Amazon speaks at the Bush Centers Forum on Leadership in Dallas

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

The Day 1 Academies Fund will establish full-scholarship Montessori-like preschools where "the child will be the customer".

The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon. "Jeff Bezos is our enemy, he is our enemy", Sawant said before the council voted.

Asked about Trump's repeated criticism of both The Washington Post and Amazon, Bezos called it a "mistake" for any elected official to "attack media and journalists".

Zuckerberg, who founded Facebook a decade after Bezos created Amazon, said three years ago that he and his wife, Priscilla Chan, would eventually give away 99 percent of their Facebook shares - worth $45 billion at the time - to efforts including eliminating "all disease in our children's lifetime".

The private non-profit foundation in its 2016 tax filing reported almost $46 million USA in assets, and giving away $30 million United States in grants support its missions in early education, K-12 schools reform and youth leadership development and scholarships.

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Mr Bezos has yet to join "The Giving Pledge" created by fellow billionaires Bill and Melinda Gates and Warren Buffett, whose more than 180 signatories have promised to donate over half of their fortunes to philanthropy. Earlier this year, the company partnered with the Seattle nonprofit Mary's Place to build a permanent homeless shelter in its headquarters.

Bezos privately owns the Washington Post, which has been among the media that have been the frequent target of broadsides from Trump.

Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools.

He has also made donations for cancer research and to Princeton University, his alma mater.

Mr Bezos solicited ideas on Twitter previous year for ways to donate some of his wealth. Bezos said it was unsurprising and even normal to face questions when a company like Amazon becomes so big. The wealth that Bezos has amassed hasn't come without controversy, as many critics point to poor working conditions at his facilities while others say he doesn't do enough for the public good. Some activists and politicians have partly blamed the city's problems on Amazon.

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