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| Jeff Bezos |
Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools.
Jeff Bezos, Amazon.com Inc’s founder, and the world’s richest person, on Thursday, said he will commit $2 billion to help homeless families and starting pre-schools for low-income communities.
The world's richest man announced the move in a tweet, saying the charity would be called the Day One Fund.
Mr. Bezos - reportedly worth more than $164bn hanks to his stake in Amazon.
The fund will be split between Day 1 Families Fund and Day 1 Academies Fund.
Within this, the “Day 1 Families Fund” will support existing non-profits that offer shelter and food to young homeless families.
The “Day 1 Academies Fund” will start an organization to operate a new network of full-scholarship pre-schools for low-income communities. Citing the Amazon mantra of customer obsession, Bezos said in a tweet, “The child will be the customer.”
See his tweet below:
— Jeff Bezos (@JeffBezos) September 13, 2018
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