Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

Amazon founder and CEO Jeff Bezos says he will start a $2 billion charitable fund to help homeless families and open new preschools in low-income neighborhoods.

Bezos, whose Amazon fortune has made him the world's richest person, added that he has had "a couple of conversations" with Trump but declined to say what was discussed.

Bezos, the wealthiest person on the planet, whose stake in Amazon is now worth about $160 billion, says he'll call it the Bezos Day One Fund.

The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said.

"We'll use the same set of principles that have driven Amazon", wrote Bezos.

Citing the Amazon mantra of customer obsession, Bezos said in a tweet "the child will be the customer".

Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned Thursday that President Donald Trump's attacks on media are unsafe for the country.

Outside that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Centre, according to the Chronicle of Philanthropy.

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Bezos's personal wealth has soared with the value of Amazon, whose stock price has doubled over the past year with its expansion into new sectors and geographies.

Seattle, where Amazon has its headquarters, has been plagued by the rising number of homeless residents for the past several years.

Another brought up the fact that Amazon strong-armed the Seattle city council to abandon the plan to tax the company in order to raise funds for tackling the mounting homelessness crisis.

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

He said he did not know how much money he would eventually give away.

He has also been criticized for not contributing his fortune to philanthropy like other billionaires have, including Microsoft founder Bill Gates and Berkshire Hathaway's Warren Buffett.

In places like China and the Middle East, where public acts of charity are less common, the wealthy are starting to formalise their giving. Alibaba owns the South China Morning Post.

The Amazon chief's wealth has become problematic for some.

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