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Amazon's Jeff Bezos to start $2 billion charitable fund


Joseph Pisani, The Associated Press</span>
Published Thursday, September 13, 2018 12:35PM EDT

NEW YORK -- Amazon founder and CEO Jeff Bezos says he will start a US$2 billion charitable fund to help homeless families and open new preschools in low-income neighbourhoods.

Bezos, whose stake in Amazon is worth about $160 billion, says the he'll call it the Bezos Day One Fund. An Amazon.com Inc. spokeswoman said the $2 billion will all come from Bezos.

Bezos made the announcement Thursday in a tweet and a post on his Instagram account.

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