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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@in/rohangoswamicnbc/
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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

Jeff Bezos.
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.


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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

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