
Amazon’s Jeff Bezos Teased on Giving His Astounding $140 Billion Wealth!

There’s no doubt that Jeff Bezos is one of the richest people in the world. In fact, his current net worth is more than $140 billion, according to Forbes. With massive wealth like that, many people are curious as to how he’s going to spend all of it. If anything, he can either choose to spend it in buying all the grandest things in this world, or share it with the public, if he so desires. And it seems Bezos intends to do the latter! Let us uncover what his future plans are and how the world can benefit from his wealth.
Bezos’ Philanthropic Efforts
Last year, Bezos published a Tweet on his Twitter account asking his followers for some ideas or establishing a philanthropic strategy in which he can spend most of his time with. He also preferred to work on these areas for the long-term. Ever since then, his loyal fans have been giving him suggestions and the Amazon CEO has been soliciting these ideas to find his suitable charitable giving efforts.

While Bezos contributed to Amazon, Blue Origin, and Washington Post which all contributed to society and have changed the civilization for the better, what he wanted as his next philanthropic activity was to help more people. He also wanted his efforts to help create a lasting impact to help people in a positive way
Last Wednesday, exactly a year ago since he posted his tweet, Bezos went on Twitter again and said he finally found the “two areas” of philanthropic efforts he’ll be focusing on. And he’s excited to announce it before the end of the Summer season. He also hopes that by then, he could also announce some job hiring posts, hinting his new venture could create new employment opportunities which can help people land a job.
Sharing his Amassed Wealth
While Bezos’ new philanthropic efforts remain a mystery to the public, many business experts speculated that this time, Bezos is willing to spend his massive wealth for his new ventures. In fact, Mathias Dopfner, the CEO of Axel Springer, suspected Bezos will be investing heavily in space travel specifically in his company, Blue Origin.

Dopfner’s speculation sprouted after he had conducted his interview with Jeff Bezos last April.
According to the interview, Bezos revealed that funding Blue Origin allowed him to deploy his financial resources to space travel. He revealed how funding the company was expensive enough for his fortune. In fact, he’s been liquidating about $1 billion of his Amazon stocks a year for his new company. And he plans on doing so for a long time. Bezos also considered the Blue Origin the most important work he has for now.
Criticisms on Amazon and Bezos
Despite the massive success, Bezos enjoyed with his global-retail company, Amazon, he also received his fair share of criticisms from the public. Amazon, along with other giant tech companies in Seattle, opposed its newly passed business tax that would’ve helped fund an affordable housing project for poor and homeless people. The said project would’ve been helping homeless people off the streets. However, the Seattle City Council pursued the federal tax law, despite the threats they received.

Amazon was also criticized by other countries, like the United Kingdom, for not paying the right taxes and the minimum wage for its workers
In 2016, the Fortune reported how Amazon workers in Scotland’s were sleeping in tents near its warehouse facilities, despite the harsh frosty breeze of cold winter. When asked why they’re sleeping in tents, they answered they could not afford to travel back and forth from their home to their office.
The China Labor Watch also slammed Amazon after its report revealed the terrible working conditions of its workers at Foxconn Factory, which is responsible for the production of Echo devices. The workers were allegedly forced to work overtime for over 100 hours, while being underpaid. They claimed the workers only earned enough money to live a decent life.
There’s no doubt that Jeff Bezos is one of the richest people in the world. In fact, his current net worth is more than $140 billion, according to Forbes. With massive wealth like that, many people are curious as to how he’s going to spend all of it. If anything, he can either choose to spend it in buying all the grandest things in this world, or share it with the public, if he so desires. And it seems Bezos intends to do the latter! Let us uncover what his future plans are and how the world can benefit from his wealth.
Bezos’ Philanthropic Efforts
Last year, Bezos published a Tweet on his Twitter account asking his followers for some ideas or establishing a philanthropic strategy in which he can spend most of his time with. He also preferred to work on these areas for the long-term. Ever since then, his loyal fans have been giving him suggestions and the Amazon CEO has been soliciting these ideas to find his suitable charitable giving efforts.
Last Wednesday, exactly a year ago since he posted his tweet, Bezos went on Twitter again and said he finally found the “two areas” of philanthropic efforts he’ll be focusing on. And he’s excited to announce it before the end of the Summer season. He also hopes that by then, he could also announce some job hiring posts, hinting his new venture could create new employment opportunities which can help people land a job.
Sharing his Amassed Wealth
While Bezos’ new philanthropic efforts remain a mystery to the public, many business experts speculated that this time, Bezos is willing to spend his massive wealth for his new ventures. In fact, Mathias Dopfner, the CEO of Axel Springer, suspected Bezos will be investing heavily in space travel specifically in his company, Blue Origin.
According to the interview, Bezos revealed that funding Blue Origin allowed him to deploy his financial resources to space travel. He revealed how funding the company was expensive enough for his fortune. In fact, he’s been liquidating about $1 billion of his Amazon stocks a year for his new company. And he plans on doing so for a long time. Bezos also considered the Blue Origin the most important work he has for now.
Criticisms on Amazon and Bezos
Despite the massive success, Bezos enjoyed with his global-retail company, Amazon, he also received his fair share of criticisms from the public. Amazon, along with other giant tech companies in Seattle, opposed its newly passed business tax that would’ve helped fund an affordable housing project for poor and homeless people. The said project would’ve been helping homeless people off the streets. However, the Seattle City Council pursued the federal tax law, despite the threats they received.
In 2016, the Fortune reported how Amazon workers in Scotland’s were sleeping in tents near its warehouse facilities, despite the harsh frosty breeze of cold winter. When asked why they’re sleeping in tents, they answered they could not afford to travel back and forth from their home to their office.
The China Labor Watch also slammed Amazon after its report revealed the terrible working conditions of its workers at Foxconn Factory, which is responsible for the production of Echo devices. The workers were allegedly forced to work overtime for over 100 hours, while being underpaid. They claimed the workers only earned enough money to live a decent life.
More in Finance & Business
-
`
What Is an Irrigation Bill and Why Do You Need to Pay It?
If you’ve recently received an irrigation bill and are wondering, “What is an irrigation bill?” you’re not alone. These bills might...
August 23, 2024 -
`
What Happens When a Landlord Refuses Rent? Legal Rights and Options
Landlord troubles? Are rent checks bouncing back like a bad penny? Fear not, tenant. This guide is your lifeline through the...
August 17, 2024 -
`
Bank Statement Mortgage Loan: What Is It and Who Should Get One?
If you are wondering, what is a bank statement mortgage loan, you are not alone. This type of loan is a...
August 7, 2024 -
`
Are Sabrina Carpenter and Olivia Rodrigo Friends?
The question on many fans’ minds is, “Are Sabrina Carpenter and Olivia Rodrigo friends?” This curiosity stems from the buzz around...
July 29, 2024 -
`
What Is Provisional Credit and How It Works for You
Have you ever noticed an unexpected credit in your bank account labeled as provisional? It can feel like a financial windfall,...
July 24, 2024 -
`
How Old Do You Have to Be to Rent an Apartment?
Transitioning from living at home to renting your first apartment is a significant step towards independence. But how old do you...
July 20, 2024 -
`
Will Lumber Prices Go Down in 2024? A Market Forecast
The price of lumber has been a source of frustration for many in recent years. From record highs to a period...
July 12, 2024 -
`
Travis Kelce and Taylor Swift All Set to Tie the Knot?
Travis Kelce and Taylor Swift are almost all set to tie the knot! The buzz around their engagement has fans on...
July 1, 2024 -
`
Gold ETFs vs Bitcoin ETFs – Are Gold ETFs Really Suffering?
In the bustling landscape of financial investments, the focus often shifts dramatically with the introduction of new options. This year, spot...
June 25, 2024
You must be logged in to post a comment Login