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Jeff Bezos Announces He Is Giving Away Most of His $124 Billion Fortune

Jeff Bezos is worth a whopping $124 Billion, but it looks like the billionaire is planning on giving most of it away…

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It appears that Bezos has had a change of conscience.

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Keep reading to find out more…

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The only man close to matching Bezos’ eye-watering net worth of $140 billion is Microsoft co-founder, Bill Gates.

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Gates is worth around $102 billion.

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Nobody is born with a net worth of over $100 billion…

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So, where did it all start?

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Born in 1964 in New Mexico, Bezos always held a huge passion for computers.

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He went on to study computer science and electrical engineering at Princeton University.

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But, 4 years later in 1995, he quit.

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He went on to open his own online bookstore from his garage – Amazon.com.

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The birth of Amazon.com changed everything for Bezos.

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The initial success of the online store was staggering. Within the first thirty days, Amazon.com had sold books all across the United States, and across forty-five foreign countries.

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In mere years following from its launch, Amazon.com began stocking a wider variety of products.

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Products such as electronics, clothing, and toys, making it the number one online retailer.

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As of May 2020…

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The company alone has been reported to be worth $1000B.

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And he didn’t stop there…

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In 2013, Bezos revealed that he had purchased the Washington Post, which he has since made profitable with a revenue of over $100 million.

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In May last year…

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He proudly unveiled Amazon’s “Blue Moon”, his very own lunar lander project.

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Which, with all his money, could very well be possible.

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“My generation’s job is to build the infrastructure,” Bezos declared at the unveiling, “we’re going to build the road to space.”

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Bezos has faced a significant amount of controversy…

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With regardd to his work ethic and spending habits.

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Workers have been getting as little as $10 an hour, in some instances.

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Despite the retailer being one of the most valuable companies in the world, and pulling in $232.9 billion in global revenue in 2018.

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They paid absolutely nothing in federal tax that year. Doesn’t look great for the wealthiest man in the world, does it?

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Bezos still remains one of the most powerful men in the world…

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And a little tax evasion and unethical labor definitely won’t be fazing him anytime soon.

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Because these last few months, in particular, have been very beneficial for Bezos.

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While the majority of the world has been in lockdown, Amazon’s sales have been skyrocketing.

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And, as a result…

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The CEO, who owns an 11% stake in the company, has grown his vast fortune by a further $24bn so far during the pandemic, a roughly twenty percent increase over the last 4 months to $138b.

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Comparisun, a business software comparison site…

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Used data collected from the last 5 years of the Forbes Rich List to calculate the yearly wealth growth rate of the world’s richest billionaires.

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The study concluded that Bezos could certainly become the world’s first trillionaire in 2026, at which point he will be sixty-two-years-old…

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The research also predicted that Facebook founder, Mark Zuckerberg, could follow Bezos by becoming the world’s second trillionaire ten years later in 2036.

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Most of us can only dream of making Forbes’ billionaire list…

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And now, Bezos seems to be under the spotlight after sharing (some of) his incredible wealth.

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Bezos has pledged $100 million to singer and philanthropist Dolly Parton.

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This money is for Parton to give away to any charitable cause she chooses.

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“When people are in a position to help, you should help,” Dolly said.

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“I know that I’ve always said I try to put my money where my heart is,” she continued. “I will do my best to do good things with this money. Thank you Jeff.”

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Dolly is well known for her philanthropy, including her scholarship designed to help people afford college education.

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She also helped to fund the Moderna vaccine during the coronavirus pandemic!

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“We’ve just announced a new Courage and Civility award recipient — @DollyParton, who leads with her heart, and will put this $100 million award to great use helping so many people,” Bezos tweeted.

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And it seems like Dolly won’t be the only recipient.

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Bezos is planning on giving away the majority of his wealth to charity…

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Talking about how he plans to give his month away, he said: “The hard part is figuring out how to do it in a levered way.”

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Bezos sat with his girlfriend Lauren Sánchez while he opened up to CNN about the surprising new move.

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“It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding – and I think Lauren is finding the same thing – that charity, philanthropy, is very similar,” he said.

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Bezos continued: “There are a bunch of ways that I think you could do ineffective things, too. So you have to think about it carefully and you have to have brilliant people on the team.”

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Bezos has already committed $10 billion as part of the Bezos Earth Fund.

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The fund, which is co-chaired by Sánchez, was set up to help fight climate change…

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Giving money to a variety of charities that can use his money in a positive way to protect nature.

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Although these grants are only a small fraction of his overall wealth, so he still has a lot more to go.

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What do you think?

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