Jeff Bezos, the world's richest man recently took to social media to announce a $10 billion charity to fight climate changes globally. In his post, Bezos announced that the funds will go to NGOs, scientists, and activists to help preserve the natural world.
Amazon CEO, Jeff Bezos has announced the second-largest charitable gift in history. The world's richest man has announced to give $10 billion to fund programs to combat climate change. The news came after Bezos was criticized for years for not doing enough contribution to charitable work with his extraordinary wealth.
The news came after Bezos shared the post on his Instagram account, announcing the gift. The details of the gift have not been revealed yet. But the size of the gift is definitely remarkable. This is the second biggest charitable announcement, the first biggest was announced by Warren Buffett’s promise to give the bulk of his net worth — that amounts to $43 billion — to the Gates Foundation in 2006, according to records from The Chronicle of Philanthropy.
Bezos has announced to contribute $10 billion that makes about 7.5 % of his total net worth.
In his Instagram post, Bezos said, “Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”
In the past, Bezos has often faced criticism for not doing enough charity considering his status as the world's richest man. In 2018, Bezos set up the Day One fund, which made $2 billion commitment to initiatives like early childhood education and anti-homelessness.
Amazon has been heavily criticized by its own employees for not doing enough to combat the climate crisis. The matters have become worse with the employees recently going on strike. The news of charity announced publicly could be Bezos's way of giving a signal to his workers.
Indicating that not happy with Bezos's way of doing charity, a group of activist employees, Amazon Employees for Climate Justice, said in a statement, “We applaud Jeff Bezos’ philanthropy, but one hand cannot give what the other is taking away. Will Jeff Bezos show us true leadership or will he continue to be complicit in the acceleration of the climate crisis, while supposedly trying to help?”