Amazon founder asks how to give away money
16 June 2017 technology-news
The billionaire founder of Amazon, Jeff Bezos, has asked people on Twitter to help him with ideas for philanthropy.
The Amazon founder is on track to be richer than Bill Gates, who is by far the most famous technology billionaire philanthropist.
But the second richest man in the world seemingly wants to out-compete the Microsoft founder’s charitable activities too.
Mr Bezos said on Twitter he wanted his “philanthropy strategy” to be “the opposite of how I mostly spend my time – working on the long term” but rather one which focused on “the right now”.
In the tweet, he cited the work of Mary’s Place, an organisation which supports homeless women, children and families in Seattle, where Amazon is based.
“I want much of my philanthropic activity to be helping people in the here and now – short term – at the intersection of urgent need and lasting impact,” he said.
“If you have ideas, just reply to this tweet with the idea.”
There have been more than 17,000 responses to that tweet.
Mr Bezos recently stumbled in his sprint to overcome Mr Gates as the world’s richest man , wiping $2.6bn (£2bn) off his net worth.
Despite momentarily becoming the world’s third richest man, Mr Bezos’ net worth has now recovered to $82.8bn (£64.8bn) – keeping him ahead of Spanish clothing tycoon Amancio Ortega at $81.5bn (£63.8), according to the Bloomberg Billionaires Index.
He remains considerably short of Mr Gates’ enormous $89.4bn (£70bn) net worth.
The Bill and Melinda Gates Foundation is one of the largest philanthropic organisations in the world.
It was founded in 2000 and had an endowment of over $44bn (£34.4bn) at the end of the 2014 calendar year.
The foundation has promised to spend all of its resources within 20 years of both of the Gates’ deaths.
The New York Times claimed that Mr Bezos started asking for ideas about philanthropy after it enquired about his charitable activities.