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    The joy of giving: Jeff Bezos gives $684 mn of Amazon stock to nonprofits

    Synopsis

    The world’s richest man donated 220,825 shares of the e-commerce juggernaut.

    Reuters
    Bezos announced the Earth Fund in February as a $10 billion endeavor to combat climate change.
    By Sophie Alexander

    Jeff Bezos gave $684 million of Amazon.com Inc. stock to non-profits, days after posting on Instagram that he’d chosen 16 organizations to be the first recipients of money from the Bezos Earth Fund.

    The world’s richest man donated 220,825 shares of the e-commerce juggernaut, according to a filing with the U.S. Securities and Exchange Commission. The Amazon founder has given away stock worth $856 million this year, according to the Bloomberg Billionaires Index, which estimates his fortune at $183.6 billion.

    Bezos announced the Earth Fund in February as a $10 billion endeavor to combat climate change. On Monday he named the first recipients getting $791 million in donations, including the Environmental Defense Fund and the World Wildlife Fund. The billionaire had been criticized for a paltry philanthropic record before ramping up his contributions in recent years.

    Bezos has been on an Amazon selling spree this year. Earlier this month, he sold $3 billion of Amazon stock, the latest in a series of transactions that now exceed $10 billion this year.
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    6 Comments on this Story

    Srila Ramanujam6 hours ago
    ..and if 65% of the CEO's gave away 5-10% of their wealth to deserving organizations and causes...."THEY AND THEIR SPECIES" WILL BE SAVED..MORE THAN WHETHER THE TOP PREDATORS CARE FOR ANY OTHER SPECIES OR NOT OR MUCH LESS THE PLANET THAT THEY INHABIT!!!!!
    HAVING USED, ABUSED AND MISUSED IT.....BUT NOW IT IS THEIR OWN SURVIVAL IN QUESTION.. AND HOPEFULLY THEIR SELFISHNESS WILL WIN OVER THEIR STUPIDITY!!!!!!!
    Anthony Dadzie1 day ago
    Pls support :
    Green businesses startups and social enterprises in Africa. Smart pallets and smart packaging using coconut husks and cassava
    Also malaria and snake bite with Antisera. Waakam is 360 anti Sera management platform will need your support
    Rp 1 day ago
    where is Mr Ambani? with money made not from innovation rather resources of public. he owes more to mother earth.
    Premji has donated more although Mr Ambani is 30 to 40 times more richer than him.
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