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

Jeff Bezos of Amazon speaks at the Bush Centers Forum on Leadership in Dallas

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".

Even High-Fat Dairy Might Be Good for You
The study of more than 130,000 people in 21 countries is the first of its kind , according to lead author Dr Mashid Dehghan. This includes vitamin K1, K2, calcium, magnesium, potassium, unsaturated fats and amino acids.

West Virginia Bishop Resigns, Pope Orders Probe of Harassment Claims
Bransfield has faced allegations that he sexually abused teenage boys in the 1970s or early 1980s while a priest in Philadelphia. In a letter to priests, the 77-year-old cardinal wrote that he plans to meet with the Pope to discuss stepping down.

Shocking 'death threat' development over 'racist' Serena cartoon
This is The Herald Sun's shocking front page on Wednesday which complains about the global outrage over its Serena Williams cartoon.

"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.

Related News:

  • Calling teen vaping an 'epidemic,' officials weigh flavor ban

    Calling teen vaping an 'epidemic,' officials weigh flavor ban

    Circuit at oral arguments to overturn the FDA's decision to regulate e-cigarettes and traditional tobacco products similarly. Manufacturers offer and market e-cigarette flavors that appeal to minors, including candy, bubble gum, and fruit flavors.

    "Once In A Lifetime" Hurricane Florence Weakens, Begins Lashing Eastern US

    The Weather ChannelThe Weather Channel forecast what showed nine-foot floodwaters would look like on a neighbourhood street. Officials said some 1.7 million people in the Carolinas and Virginia were warned to evacuate, but its unclear how many did.
    Massive cliff chunk collapses onto beach in Greece

    Massive cliff chunk collapses onto beach in Greece

    British woman Wendy Thorpe said she was on a boat with her daughter when the cliff collapsed and there was an "almighty crash". Rescue services employed sniffer dogs to search the beach itself for possible victims of the rockfall .
  • Hurricane Florence lashes USA  east coast, triggers flood warnings

    Hurricane Florence lashes USA east coast, triggers flood warnings

    People are seen inside a shelter run by Red Cross before Hurricane Florence comes ashore in Grantsboro, N.C., September 13, 2018 . The utility also said Thursday it is shutting down a coastal North Carolina nuclear power plant ahead of Hurricane Florence .
    Putting the enormity of Hurricane Florence into perspective

    Putting the enormity of Hurricane Florence into perspective

    The hurricane is expected to make landfall on Friday, with heavy rain and hurricane-force winds potentially lasting for days. Gerst pleaded with people living in the area to heed evacuation orders, warning them there is a "nightmare coming for you".
    Multiple Final Fantasy Titles Announced for Nintendo Switch, PS4, Xbox One

    Multiple Final Fantasy Titles Announced for Nintendo Switch, PS4, Xbox One

    On top of that is Chocobo's Dungeon: Everybuddy!, a new entry in the Mystery Dungeon roguelike series that will be out this winter.
  • Saudi, Iranian envoys condole Kulsoom's death with Nawaz

    Saudi, Iranian envoys condole Kulsoom's death with Nawaz

    Kulsoom's funeral prayers will be held at the Sharif Medical City in Jati Umra neighbourhood at 5 pm (local time) today. Saudi Ambassador to Pakistan , Nawaf bin Said Al-Malki called on former prime minister Nawaz Sharif at Jati Umra.

    Hurricane Florence: Where will the storm hit?

    Spanish moss waved in the trees as the winds picked up in Wilmington , and floating docks bounced atop swells at Morehead City. A buoy off the North Carolina coast recorded waves almost 30 feet (9 meters) high as Florence churned toward shore.
    Student killed in twin bomb attack near Afghan girls' school

    Student killed in twin bomb attack near Afghan girls' school

    The death toll could be higher and the number of injured is estimated to be more than 100. They were taken to hospitals in the city of Jalalabad .
  • The larger iPhone Xs might be called the iPhone Xs Max

    The larger iPhone Xs might be called the iPhone Xs Max

    Apple is expected to announce two new OLED iPhones as the successors to the iPhone X that was launched a year ago . The storage also stays at 512GB, while there is no information on the battery capacity as yet.

    Beach Town's Main Drag Empty Ahead of Hurricane Florence

    While Florence is no longer considered a major hurricane, its reach has expanded, threatening residents from Georgia to Virginia. Along with Florence, there are three other tropical systems, Isaac, Helene and Joyce churning in the Atlantic Ocean.
    China urges U.S. to 'abandon prejudice' over Xinjiang

    China urges U.S. to 'abandon prejudice' over Xinjiang

    In May, Chinese state media said more than a million local Chinese Communist officials were being sent to live with local families in Xinjiang.


Most liked

Paul Manafort agrees to plea deal with Mueller
What isn't clear is whether Manafort might accept a deal in which prosecutors show leniency in exchange for cooperation. He was previously reported to be resisting Mueller's demands for information relating to Trump in return for a deal.

Ailing orca J50 is missing and presumed dead
The whales are in such bad shape that experts prepared last-ditch efforts to save the emaciated almost 4-year-old known as J50. Researchers have launched a search for a sick killer whale that hasn't been seen in days.

Claude Makelele makes bold Maurizio Sarri prediction
Chelsea legend Claude Makelele is confident that new Blues manager Maurizio Sarri can be hugely successful at Stamford Bridge. Indeed, the new boss was able to keep hold of all of his key players in the summer, apart from goalkeeper Thibaut Courtois.

Morrison: Only one title challenger out of Liverpool and Spurs
Liverpool were beaten 4-1 by Spurs in this fixture last season, which ended up sparking an 18-game unbeaten run for the Reds . Only we need to try, how he understands that it was a mistake.

Turkey boosts lira as central bank surprises markets with big rate hike
It said: "Accordingly, the committee has chose to implement a strong monetary tightening to support price stability". Against expectations, the central bank did not raise rates at its last meeting in July.

Unai Emery drops Alexandre Lacazette and Pierre-Emerick Aubameyang hint
Arsenal has provided injury update on some of their players ahead of their Premier League clash with Newcastle United on Saturday. Ozil's retirement from worldwide football came after he made claims of racism from the German football association.

Jabari Bird's bail set at $50,000 on domestic-violence charges
What is Bird's employment status with the Celtics? Boston drafted Bird in the second round of the 2017 NBA Draft. Before the arraignment, Bird had been in custody in a hospital, where he received a psychological evaluation.

ISS images show massive Hurricane Florence from 400 km up
Many people in coastal communities have followed the mandatory evacuation orders, but some are vowing to stay put and ride it out. Emergency declarations were in force in Georgia, South and North Carolina, Virginia, Maryland and the District of Columbia.

Baltimore Ravens at Cincinnati Bengals: Preview and Prediction
There certainly is potential, even though the Bengals have spent the past two games treading the line between winning and losing. After a three-and-out against the Mosley-led defense, he found the Mosley-less defense to be as different as night and day.

Everything You Want to Know about Apple iPhone XS
As for other features, both the Xs and Xs Max will have a gold color option, as evidenced from the leaked marketing photo below. The biggest changes to Apple's premium iPhone models could very well focus on camera technology.

Feds take action against retailers in e-cigarette 'epidemic'
And vaping products, including Juul and other brands, use fruity and candy-like flavors to attract users. Investors in Juul's competitors appeared to welcome the FDA announcement.

Hurricane Florence weakens - but still dangerous
He said all the calls for reservations were coming from either SC and North Carolina where the damage is supposed to be the worst. National Hurricane Center (NHC) said on Wednesday, adding that life-threatening storm surge and rainfall were still expected.

Time almost up: Fierce Hurricane Florence aims at Southeast - Story | WFLD
The storm is expected to linger, dumping several centimeters of rain in affected areas and causing widespread destruction. But that, combined with the storm's slowing forward movement and heavy rains, had North Carolina Gov.

Assassin's Creed Odyssey Season Pass Includes Assassin's Creed III Remastered
We were pretty impressed by what we discovered, so here are 7 Things you can do when you start Assassin's Creed Odyssey . This confirmed that Assassin's Creed: Odyssey is indeed launching on Switch simultaneously with the other versions.

Three new fish species found in deep south Pacific trench
Apart from snailfish, they also found various freaky creatures in the environment such as long-legged isopods or Munnopsids . But although they lack giant teeth and a menacing frame they are highly adept at living where few other organisms can.