Jeff Bezos announces 40 grants totaling $123 million to combat homelessness | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Jeff Bezos is continuing to make good on his pledge to give away the majority of his wealth

The Amazon founder announced on Instagram Tuesday that he has recently awarded 40 grants as part of his Bezos Day 1 Families Fund initiative, which he launched in 2018. The donations are part of a $2 billion total commitment to combat homelessness. The latest charitable donations come one week after Bezos sat down in an exclusive interview with CNN and said he plans to donate the majority of his $124 billion net worth during his lifetime.

“There are a bunch of ways that I think you could do ineffective things, too,” he added. “So you have to think about it carefully and you have to have brilliant people on the team.” Last week Bezos and his partner, Lauren Sánchez, also made headlines for honoring Dolly Parton with their Courage & Civility Award, which comes with a $100 million grant to Parton to use towards her philanthropic efforts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's good but it's not the solution to fight homelessness. Make an environment where homeless people can easily do jobs and earn their own food.

Awesome! He is a good lad isnt he? I mean how many people donate this kind of money when they have accumulated billions and billions and billions. Love him. Love cnn aswell who gives good vibes abt bezos.

If you're unwilling to pay up their graft (tax) they will throw you out of 'your' own 'castle' and sell it to someone who will. If you have to pay someone else to stay in your house you're not the owner. You're a Tennant with equity. It's time to go to 'war' and secure your home.

123 million when there's almost 100 billion means somebody needs to take a proper math course if you believe that this is bezos giving his money away

Why majority & why give it away. It’s time to stop the handouts & start motivating the worthless of our society into taking responsibility for themselves. growing up learning some skills & produce wealth instead of being parasites to society.

No he's not. He's accumulating another $100m every day that he's still alive.

what's the tax angle on all this..?

His wife been doing this. But while he is doing this. His workers are busting their tail off

Fine but why wait, he accumulated ridiculous wealth on the backs of min wage workers.

Fake news from corporate propagandist about a flat out sociopath who should be stripped of all his stolen wealth.

Not a huge fan of this guy, but this is a better initiative than a frivolous purchase of a social media company.

Is he giving it away or just setting up charities to act as tax shelters

That is absolutely fantastic this man should be praised for what he's done the end of the day he didn't have to do anything but he has

He can start right now… I’ll give him my cash app

His ex wife is also doing wonders with her money

Jeff Bezos is a real philanthropist!!

I pledge to give my wealth away for taxes, food, housing and transportation. And stuff on Amazon.

Put money to work to make more money. Invest in things that create wealth and prosperity for communities. Stop just “giving away” wealth and money. What kind of sense does that even make? Just more liberal virtue signaling.

like he's on brewsters millions or some shit

This is the equivalent of me giving a tip at a restaurant

He makes on the low end $200 million a day by not paying his workers a liveable wage and not paying his fair share of taxes. It's not HIS money he's giving away.

No give that money to the wrong hand if you give that money to government he gonna send that money to the Ukraine people 😁 when are citizens is die with no food in the street!

123 million is literally less than he makes in a day. So no, he's not continuing to make good on his promise, he just cut his weekly income by a whopping 7%.

It's his way of investing in the ESG scam with all the other billionaires and writing off tax.

Ok? That’s maybe 1% of his overall wealth lol.

Over here Jeff!!

Think elonmusk might need a loan

$123 million is chump change to this man.

He is buying his way into your hearts. Wokesters definitely can be bought.

That is so nice of Jeff Bezos to give a lot of his money away. Now that is a good man. He has a ❤️ heart.

Really!!! Just pay the amazon employees a good wages and bonus, would do better job. Hypocrite 🤡🤡🤡😡

Get married....money will disappear.

Stop doing PR for the powerful, news organizations hold the powerful accountable maybe you should look into that.

I wish Jeff all the best. However, even with his fortune, and other people giving, it all seems inefficient as soon as powerful people starts making war and attack others. I just wish we could all live peaceful together.

For $123 million he can build 100 toilets in SF

All of these charitable donations of wealth are tax deductible. You get to promote how good your are by saying you gave it all up to the people that don't understand the tax system he can get all the money he donated back from the government. At tax time it comes full circle.

Pay taxes! Pay your employees.

Let him make good of his pledge to eliminate the poverty in me.can somebody shout amen

Did Jeff buy CNN?

His ex-wife did it in one day, behind closed doors, with no interview, done deal. Jeff Bezos has been talking, debating, and whining about it to the media for weeks...still nothing. And we still have only had a male president. 🤷🏽‍♀️

😂 still a few dozen billions shy of what elonmusk gave away. But i guess that he's not aligned with you enough to be praised hey?

Are we really meant to see this as a good thing? Maybe pay staff better, tax the rich and provide a better social support system to help stop homelessness in the first place.

123 million to him is like $5 to me!

Tell him I could use some since Covid my health issues are worst, especially my mental health issues I have been barely getting to the next day very depressed

CNN is going to one day, after all the Old People move on to 'the next great adventure' cease to exist. Because your brand is utterly toxic and hated by most people under the age of 50. B/c of garbage like this tweet.

And you will complain that he doesn't pay any taxes

👏👏👏

Good! Now tackle world hunger and medical establishments.

Pay your employees.

He saw what happened to the greedy bastard who owns this platform and was like ‘oh hell no’ lol

Now if he directed some of that to the workers that got him there...

He hasn’t gave me any

He’s worse then bill gates. He’s scum

To gold diggers?

The billionaires Bill Gates syndrome.

I’ll have some jeff please

maybe GenZ and Millennials will hate him less. I can't imagine hating a self-made man or woman. I'm pretty sure Oprah is on their hit list, but she bought herself time after showing her support of fetterman

Send me 2 million, please

The DIsrespect is neverending. But the insult to our intelligence is overwhelming at this time. We are not wanting to Found a LIberal Party NOW! OKay? Jeff Bezos You are Out of COntroL! I am sending you to mandatory MH services.

📍May Jeff remember Africa on his noble cause‼️by bridging the gap btn the poor and the rich❗

Terrible headline. At this rate bezos will never give away his fortune. Also compare Bezos giving to his Ex-wife.

Elon Musk is giving away all his wealth too. Just not to better mankind.

1) the mother of his children did it first 2) can he start with better working conditions for his employees?

He will give to some charity not known, (and may be he's also the beneficiary

But not to his employees.

South Africa South Africa Latest News, South Africa South Africa Headlines