Arab Press

بالشعب و للشعب
Sunday, Jun 01, 2025

Jeff Bezos reveals what he's going to do with his £110,000,000,000 fortune

Jeff Bezos reveals what he's going to do with his £110,000,000,000 fortune

Amazon founder Jeff Bezos will end up giving away most of his massive fortune.

The tech mogul, who now runs private space company Blue Origin, is the fourth richest man in the world after Elon Musk.

According to CNN, he plans to give away most of his £110 billion ($124 billion) fortune.

The billionaire has always avoided questions about what he will do with his money, but told the American news channel he will give most of it away during his lifetime.

The bulk of his wealth will go to fighting climate change and, the report says, supporting people who can unify humanity in the face of deep social and political divisions.

Many people have queried why Bezos hasn’t signed up to the Giving Pledge – a promise made by extremely wealthy people (like Bill Gates and Warren Buffet) to give away their cash.

Instead, it seems like Bezos wants to go it alone.


Jeff Bezos alongside his partner Lauren Sanchez

Speaking alongside his partner Lauren Sánchez, Bezos explained the couple is ‘building the capacity to be able to give away this money.’

Asked directly by CNN’s Chloe Melas whether he intends to donate the majority of his wealth within his lifetime, Bezos replied: ‘Yeah, I do.’

However, he stopped short of giving concrete details, percentages or timescales for his generosity.

‘The hard part is figuring out how to do it in a levered way,’ he said.

‘It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar.’

‘There are a bunch of ways that I think you could do ineffective things, too,’ he added.

‘So you have to think about it carefully and you have to have brilliant people on the team.’


Jeff Bezos’ wealth


Jeff Bezos became a billionaire just a few years after launching Amazon as an online bookstore in 1994. In 1998, he had a net worth of $1.6 billion.

His wealth hit eleven figures in 2010, reaching £12.6 billion according to Forbes, before quickly multiplying.

Bezos became the richest person in the world in 2017, 23 years after he founded Amazon as an online bookstore in 1994.

Bezos’ wealth is largely tied to Amazon


His net worth hit a mammoth $160 billion in 2018, before falling back to $114 billion in 2019. At this point, Bezos was still the richest person in the world.

But he was finally overtaken by SpaceX founder Elon Musk two years later.

Much of his wealth is tied to Amazon’s share price. Even after leaving the company, he remains its highest individual shareholder.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Netanyahu Accuses Starmer of Siding with Hamas
Calls Grow to Resume Syrian Asylum Claims in UK
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Denmark Increases Retirement Age to 70, Setting a European Precedent
Iranian Director Jafar Panahi Wins Palme d'Or at Cannes
Israeli Airstrike Kills Nine Children of Gaza Doctor
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
Mount Lewotobi Laki-Laki Erupts Again, Spewing Ash Cloud over Flores Island
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×