World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

Amazon CEO Jeff Bezos

Amazon CEO and world's richest man Jeff Bezos has invoked Twitter wrath for seemingly an all-around commendable cause - setting up a charity fund to fight homelessness and create a preschool network for the underprivileged. 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.

Amazon CEO Jeff Bezos announced the launch of a new $2 billion charitable fund Thursday, focused on fighting homelessness and providing quality education.

The $2 billion is, as best we can tell, to be divided between the Day 1 Families Fun and the Day 1 Academies Fund, which will provide homeless services and operate "Montessori-inspired preschools", respectively. Since March 2016, Amazon customers have also been able to order items from the Mary's Place's wishlist on the site, such as diapers and socks. Forbes magazine placed him at the top of its list of billionaires for the first time this year, surpassing Microsoft co-founder Bill Gates and investor Warren Buffett.

The new philanthropic effort is called the Bezos Day One Fund, a nod to the executive's management philosophy that organizations must view every day with the fervor of a new start, or face stagnation and decline.

The fight soured many more locals on Amazon and Bezos, and also overshadowed the growing portfolio of philanthropy they had done in the city.

Bezos solicited ideas on Twitter past year for ways to donate some of his wealth. "What the president should say is, 'This is right, I'm glad I'm being scrutinised.' That would be so secure and confident".

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"We will build an organization to directly operate these schools", he added.

Trump has described The Washington Post as Amazon's "chief lobbyist". Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion, and many more.

And taking a look at social media, it's not Bezos alone.

Bezos, now the world's richest person, asked Twitter followers a year ago for ideas about how he should shape his "philanthropy strategy". "The secret sauce of Amazon - the number one thing that has made us successful has by far is obsessive, compulsive focus on the customer".

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

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