Amazon CEO Jeff Bezos announces $2 billion fund to help homeless families

Amazon CEO Jeff Bezos announces $2 billion fund to help homeless families

Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year.

Mr Bezos asked on Twitter last year for suggestions on how he might use his personal fortune, which this year has soared due to Amazon's surging share price and USA tax cuts.

The fund will also launch a network of "full scholarship" preschools based in underserved communities.

"It's hard to remember for you guys, but for me it's like yesterday I was driving the packages to the post office myself, and hoping one day we could afford a forklift", Bezos said. Most important among those will be genuine, intense customer obsession. Outside of that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Center, according to the Chronicle of Philanthropy.

Bezos drew laughs with a joke about his wealth, saying he ran into Gates recently and the topic of world's richest man came up.

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Similarly, a business model titled "Build 9" that was also submitted September 5 needs further review, the FCC said. To review the new materials, the commission is pausing an "informal" 180-day shot clock to rule on the merger.

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The same scrutiny should apply to US presidents, Bezos said, without naming Trump. Naturally, it was easy for Sawant and others to target Amazon, but 500 businesses would have been subject to the tax, which is about 3 percent of the city's companies. "Never have I been more comfortable at an Amazon board meeting!", Bezos' post read.

Many were eager to hear any hint of where Bezos had chose to put Amazon's second headquarters, with multiple locations in the Washington region in contention. Bezos was also asked if he thinks the tax reform package is helping the economy, but he did not respond.

Bezos, who acquired the Washington Post for $250 million in 2013, vowed to defend the paper's coverage from President Trump's criticisms, suggesting its reporting on the administration is fair and balanced.

Bezos has yet to sign the Giving Pledge, an initiative launched by Gates encouraging billionaires to commit to giving away most of their wealth. While his and Amazon investors' wealth increases-and the company's market capitalization approaches $1 trillion-what makes the business so efficient is that relies on automation and low-priced labor.

In 2016, Amazon renovated a vacant hotel on land designated for its new headquarters so it could be used temporarily by the non-profit Mary's Place to shelter 200 homeless families.

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