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Why did Amazon CEO Jeff Bezos donate so much money to fight climate change? Ana Kasparian, Dan Evans, and Adrienne Lawrence discuss on The Young Turks. Tell us what you think in the comments below.
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"Jeff Bezos, the world’s richest person, has made the second largest charitable gift in recent history.
The Amazon founder is giving $10 billion to a new initiative that will fund programs to combat the effects of climate change, he said in an Instagram post on Monday. The Bezos Earth Fund comes after years of criticism that the billionaire was not doing enough charitable work with his extraordinary wealth, pressure that he has begun to cede to in recent years.
Details are scarce about how exactly this fund will be structured and the exact type of work that it will fund. But the size of the gift is worth taking note. The only larger pledge of the 21st century was Warren Buffett’s 2006 promise to give the bulk of his net worth — that amounts to $43 billion — to the Gates Foundation, according to records from the Chronicle of Philanthropy. Bezos’s $10 billion gift amounts to about 7.5 percent of his current net worth."*