2018: Amazon Founder Jeff Bezos Is Now The Richest Person On Earth
Bloomberg's billionaire tracker clocked Bezos' net worth Monday at about $105 billion.LEARN MORE
Bezos, whose "real-time" worth Forbes magazine estimates at roughly $124 billion, made the announcement in a joint CNN interview with his girlfriend.
Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune.
Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion, made the announcement in a joint CNN interview with his girlfriend Lauren Sanchez that was released on Monday. The billionaire didn't specify how — or to whom — he will give away the money, but said the couple were building the “capacity” to do it.
“The hard part is figuring out how to do it in a levered way,” Bezos said during the interview. “It’s not easy. Building Amazon was not easy. It took a lot of hard work and very smart teammates. And I’m finding — and Lauren’s finding — that philanthropy is very similar. It’s not easy. It’s really hard.”
Previously, Bezos has been criticized for not signing the Giving Pledge, the campaign launched by Bill Gates, Melinda French Gates and Warren Buffet to encourage billionaires to donate the majority of their wealth through philanthropy.
The billionaire stepped down as Amazon CEO last year to devote more time to philanthropy and other projects. He's pledged $10 billion to fight climate change as part of his Bezos Earth Fund initiative. And according to The Chronicle of Philanthropy, he gave $510.7 million to nonprofits last year.
On Saturday, Bezos and Sanchez also announced a no-strings-attached $100 million grant to singer Dolly Parton, who's been praised for her philanthropic work that helped create the Moderna vaccine for COVID-19. Bezos had given a similar grant to chef José Andrés and CNN commentator Van Jones last year.
Additional reporting by The Associated Press.
The free agent slugger will return to New York for $40 million per season, the highest average annual payout for a position player in the MLB.By FrankFranklin II / AP
Alex Jones filed for Chapter 11 bankruptcy protection, listing $1 billion to $10 billion in liabilities and $1 million to $10 million in assets.By Tyler Sizemore / Hearst Connecticut Media / AP
Jeffries will succeed long-standing Speaker Nancy Pelosi, who has led House Democrats for the past 20 years.By Jacquelyn Martin / AP
J. Alexander Kueng was sentenced Friday to 3 1/2 years in prisonBy Hennepin County Sheriff's Office
Researchers were able to get genetic information out of the small, damaged bits of DNA to reveal what life was like 2 million years ago in Greenland.By Beth Zaiken / AP
The head of NATO has expressed worry that the fighting in Ukraine could spin out of control and become a war between Russia and NATO.By Terje Bendiksby / NTB Scanpix / AP