Why has Amazon’s Bezos given $2bn to homeless?


Bezos said he likes to have any "high-IQ meetings" at 10 a.m., before he's worn out by a full day of work.

The announcement by Bezos, who is now the world's richest person, marks a deeper foray into philanthropy for the e-commerce pioneer, the report noted. "I'll keep my conversations with the president to myself", Bezos said. 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. It is unsafe to call the media low lifes, it is risky to say that they are the enemy of the people. "Most important among those will be genuine, intense customer obsession", he wrote on Twitter.

Speaking at a Washington business gathering, Bezos said it was normal to draw scrutiny but he did not anticipate any actions that would prevent the internet giant from innovating and growing. Despite the president's attacks on Amazon, CBS News first reported that his campaign frequently used the company for supplies, like many households in America.

Amazon CEO Jeff Bezos criticised President Trump's antagonistic approach to the media on Thursday, saying that it is "really unsafe to demonize the media" because it erodes democracy.

Within this, the "Day 1 Families Fund" will support existing non-profit organizations that offer shelter and food to young homeless families.

Since his tweet last June, Bezos made one donation that garnered plenty of headlines, giving $33 million in January for college scholarships to so-called "Dreamers", undocumented immigrants who came to the United States as children. Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 percent of their Facebook stock.

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Bezos said he and Marty Baron, the Post's editor, remind journalists that despite the commander-in-chief's attacks on the media, the paper isn't at war with the Trump administration. "It's unsafe to say they're the 'enemy of the people'".

Bezos is the world's richest person, with an estimated worth of $164 billion.

Philanthropy experts called Bezos' approach direct and pragmatic, but said its success would depend largely on how the money was allocated and how willing the billionaire was to make changes along the way. But he had not engaged in much philanthropy - at least publicly - until this week.

Bezos thanked people for sending in suggestions about what he should spend money on.

Bezos, 54, told The Carlyle Group co-founder David Rubenstein Thursday night that sleep is a priority for him, saying that after eight hours of sleep: "I think better".

This article was written by Christian Davenport and Abha Bhattarai, reporters for The Washington Post.