www.cnbc.com Open in urlscan Pro
104.109.59.107  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Business News and Finance
VIEW IN APP
MarketsBusinessInvestingTechPoliticsMake It

Close the sidebar

WATCH LIVE
Tech


JEFF BEZOS SAYS HE PLANS TO GIVE AWAY MOST OF HIS $124 BILLION FORTUNE

Published Mon, Nov 14 2022 9:37 AM ESTUpdated Mon, Nov 14 2022 1:10 PM EST
Rohan Goswami
@rogoswami
WATCH LIVE
KEY POINTS
 * Bezos and his partner, Lauren Sanchez, announced in a CNN interview plans to
   give away the "majority" of a $124 billion fortune.
 * On Saturday, Bezos and Sanchez announced a $100 million award to icon Dolly
   Parton.
 * Bezos offered few specifics on timing or exact amounts.
 * The giving will focus on fighting climate change and "division" in American
   public life.

In this article

 * AMZN

Emma McIntyre | Getty Images Entertainment | Getty Images

Billionaire Amazon founder Jeff Bezos recently said he plans to give away the
"majority" of his fortune.

Bezos' comments were made in an interview with CNN on Saturday, when he said he
plans to use his wealth to fight climate change and to support societal
"unifiers." Bezos is worth about $124 billion, according to the Bloomberg
Billionaires Index.



In a conversation with CNN, Bezos offered few specifics of his plans, instead
focusing on a vision to give generously to individuals who work to fight
"division" in American politics and public life. No timeline or specific dollar
amount was given.

"The hard part is figuring out how to do it in a levered way," Bezos told CNN.

Bezos and his partner, Lauren Sanchez, also awarded a $100 million grant to pop
icon Dolly Parton to be disbursed to charities of Parton's choice. Bezos made a
similar donation in 2021 to CNN contributor Van Jones and chef José Andrés.

Unlike some of his billionaire peers, including his ex-wife, MacKenzie Scott,
Bezos has not signed the Giving Pledge, a promise by some of the wealthiest
people in the world to donate most of their fortunes to charity. The Giving
Pledge was started by Bill Gates and Warren Buffett. CNBC reached out to Bezos
Expeditions for comment but did not immediately receive a response.

Bezos committed $10 billion to the Bezos Earth Fund in 2020, and by October 2021
had given away $947 million through the same.

In this article

 * AMZN

Watch our live stream for all you need to know to invest smarter.
Trending Now
 * 1
   Yellen says Treasury is taking extraordinary measures to avoid default as
   U.S. hits debt limit
 * 2
   As debt ceiling deadline looms, here's what it could mean for Social Security
   and Medicare
 * 3
   Amazon discontinues charity donation program amid cost cuts
 * 4
   Why Mark Cuban called 'B.S.' on a 'Shark Tank' company on track to bring in
   $14 million last year
 * 5
   I asked 300,000 people what ‘non-negotiable’ habits changed their lives the
   most—here’s what they said

View the full site


A circle with an upward arrow icon.Back to Top

© 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real time snapshot *Data is delayed at least 15 minutes. Global
Business and Financial News, Stocks, Quotes, and Market Data, and Analysis.

Privacy Policy Do Not Sell My Personal Information CA Notice Terms of Service

Data also provided by