Amazon founder Jeff Bezos said he is planning on giving away most of his $124 billion fortune during his lifetime.
The business tycoon told CNN that he would donate his wealth to aid in the fight against climate change as well as to reduce inequality. This comes following critiques of him not promising to dedicate his fortune to charity.
Bezos revealed his plans after a donation of $100 million to the country music star and philanthropist Dolly Parton to use for charitable causes.
Despite pledging to give away his wealth, he declined to provide details on where he would spend or donate the money. ‘The hard part is figuring out how to do it in a levered way’ he said.
The multi-billionaire previously pledged $10bn to the Bezos Earth Fund, which was launched inn 2020 to fight climate change. Bezos’ wealth was mainly accumulated through Amazon, the internet retailer he founded in 1994.
Bezos stepped down as Amazon chief executive in 2021 but still remains chairman of its board. He also owns the Washington Post as well as space tourism company Blue Origin.
Speaking about the more recent donation by Bezos, Parton expressed how she thinks that people in such positions should put their money where their heart is. Parton works on various philanthropic causes such as child literacy and has vowed to do good with the money.