Jeff Bezos Says He Will Give Away Most of His Fortune

Jeff Bezos, the founder of Amazon, said that he would give away most of his money to charity, making him the latest billionaire to pledge to donate his vast fortune during his lifetime. From a report: Mr. Bezos is worth $124 billion, making him the world's fourth-richest person, according to Bloomberg. In an interview with CNN released on Monday, Mr. Bezos, appearing with his girlfriend, Lauren Sanchez, said they were making preparations "to be able to give away this money." He said that he wanted to give in a way that maximized the impact of the donations. "It's really hard," he said. "And there are a bunch of ways, I think, that you could do ineffective things," he said. It was the first time that Mr. Bezos announced that he, like several other billionaires, would give away the bulk of his wealth. In 2020, Mr. Bezos pledged to give $10 billion to combat climate change as part of an initiative called the Bezos Earth Fund. Previously, his largest donation was a $2 billion gift to help homeless families and start preschools.

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