Bezos offers a hint of his philanthropic plans

https://www.nytimes.com/2017/06/15/business/media/jeff-bezos-amazon-rich-charity.html?_r= 0

Jeff Bezos, the founder and chief executive of Amazon, is well on his way to becoming the richest person in the world, with a net worth of more than $80 billion. What’s less certain is what he plans to do with his fortune, and how he could reinvent philanthropy.

On Thursday, after questions from The New York Times about the level of his giving, Mr. Bezos posted on Twitter a “request for ideas” for philanthropy. “I’m thinking about a philanthropy strategy that is the opposite of how I mostly spend my time — working on the long term,” he wrote. “For philanthropy, I find I’m drawn to the other end of the spectrum: the right now.”

Citing a homeless program in Seattle, Amazon’s hometown, that the company is working with, he said he was seeking to to help people “at the intersection of urgent need and lasting impact,” adding, “If you have any ideas, just reply to this tweet…”

The message was classic Bezos — challenging conventional wisdom, seeking the wisdom of the market and highlighting his various businesses. Yet it failed to answer a question that is likely to follow him more often if and when he becomes the richest man: What are his plans to give away some or all of his wealth?

Mr. Bezos, who owns about 17 percent of Amazon, has enjoyed what could be the most rapid personal-wealth surge in history. As Amazon’s share price has more than tripled since 2015, its leader has added more than $50 billion to his net worth, bringing his current total to around $84 billion, according to the Bloomberg Billionaires Index. He is now less than $6 billion shy of taking the title of the world’s richest person from Bill Gates, who has held the crown for 18 of the past 23 years.

Mr. Bezos’ wealth is proof of Amazon’s seemingly unstoppable growth and dominance in a wide range of fields, including online retailing and cloud computing. It adds another Horatio Alger story to the mythmaking machine of American wealth — showcasing someone from the middle class who was adopted by his Cuban-immigrant stepfather, quit his Wall Street job to start selling books online from his garage and created a company now worth nearly a half trillion dollars.

Yet until Thursday, his philanthropy remained largely a mystery.

He is the only one of the top five billionaires in America who has not signed the Giving Pledge, the promise created by Mr. Gates and Warren Buffett for the superrich to give away at least half of their wealth.

He has never appeared on the Philanthropy 50, a list of America’s 50 largest donors, that is published yearly by The Chronicle of Philanthropy. According to public data and news reports, Mr. Bezos and his family have bestowed around $100 million in total on charities — about one-tenth of 1 percent of his fortune.

He has not created a personal foundation for making charitable gifts, according to databases that track nonprofits. Although he sits on the board of the Bezos Family Foundation and his parents, Mike and Jackie Bezos, run it, Mr. Bezos’ name doesn’t appear anywhere on its website.

He and his wife, MacKenzie, did give $15 million in 2015 to Princeton University, their alma mater. The Bezos family — including Jeff and MacKenzie, his parents and his siblings — recently donated $35 million to the Fred Hutchinson Cancer Research Center in Seattle. Before that, they made two donations, totaling $30 million, to the center. In 2011, Mr. Bezos donated $10 million dollars to Seattle’s Museum of History and Industry.

And last month, Mr. Bezos gave $1 million to the Reporters Committee for Freedom of the Press. His purchase of The Washington Post in 2013 for $250 million was seen by many as a form of philanthropy — using his wealth to support important journalism — but The Post is a for-profit business. He has said that his space exploration company, Blue Origin, aims to save Earth by putting industry in space, but it, too, is a for-profit venture.

Still, Mr. Bezos has never said publicly what he plans to do with his fortune, what causes he might support or even whether he will give away some or most of it.

“The pressure on Bezos to step up is going to grow if he becomes the richest man,” said David Callahan, the founder and editor of Inside Philanthropy, a philanthropy information site. “It’s a little surprising it hasn’t grown already.”

Mr. Bezos declined to comment for this article. His Twitter invitation on Thursday came after repeated questions on Wednesday from The Times about his giving levels and the lack of public information on his philanthropy.

The Twitter post — while offering the most insight so far about his philanthropy thinking — did not commit to any funding levels or to creating a foundation or an L.L.C., as Mark Zuckerberg of Facebook and other billionaires have done.

———-

philanthropy is just a complicated money laundering process..successful businessman are beholden to send the money back to the appropriate venues to continue the current memes of tptb..

“What are his plans to give away some or all of his wealth?”

nobody knows but it will reflect what i noted above..

“He is the only one of the top five billionaires in America who has not signed the Giving Pledge, the promise created by Mr. Gates and Warren Buffett for the superrich to give away at least half of their wealth.”

oic..

“His purchase of The Washington Post in 2013 for $250 million was seen by many as a form of philanthropy — using his wealth to support important journalism

LMAO!

“He has said that his space exploration company, Blue Origin, aims to save Earth by putting industry in space, but it, too, is a for-profit venture.”

hes going to save earth eh?

401

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~ by seeker401 on June 23, 2017.

11 Responses to “Bezos offers a hint of his philanthropic plans”

  1. 😦

  2. Bill gives away “free” vaccines that nobody wants and gets millions for doing this .
    Industry in space ??? catch the 6.05 special spaceship to your amazon warehouse – do worry about oxygen and radiation its all taken care of .

    What about water , food and clothing to the thirsty , hungry and naked and
    no vaccines.

  3. Reblogged this on World Peace Forum.

  4. alex jones posted an article recently of where the CIA gave Bezos Washington Post $600 MILLION dollars just before Obama left office…..as a fighting fund vs Trump policies. Theres a war going on…. inside the US. I like Trumps controlled side…better.

    • Wouldn’t surprise me if most of his money comes from govnt and “laundering” – how do you make a big profit from delivering a paperback at a ridiculously low price in a truck compared to selling it off a shelf .

      It seemingly makes a profit but the main sources could be like this govn
      money

  5. “2020 corporations control everything everybody everywhere” PDZ
    or any other-game- or film THEY always broadcast THEY-plans
    let’s listen to THEY-AMAZON
    what really this-CIAword mean?

  6. better-AMZN

  7. we don’t know las image got publish we don’t suport here THEY-ROTHCHES https://pbs.twimg.com/ad_img/880814644989837312/7thmf1Bj?format=jpg&name=orig
    read comment http://theartof12.blogspot.com/2013/08/bezos-zionist-jew-buys-wapo-how-do-we.html
    scroll https://steemit.com/conspiracy/@psychanaut/mass-marketing-bezos-the-cia-and-john-podesta

    • Enter the cousin of Sigmund Freud, Edward Bernays. He was the very first person to use psychology in order to manipulate people en mass. At the time, people thought it was nonsense. In order to “prove” he could do it, he went to a cigarette company and said he could get women to smoke-which went against strict social mores of the time.

      He made a “marketing campaign” wherein he asked women to “Light up for Liberty” with images of the Statue of Liberty -holding a lighted torch- and a liberty nickel from Lucky Strikes would go to men in the Army. Overnight the social taboo was broken, women began lighting up, and social mass marketing/ propaganda was born.

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