Jeff Bezos is donating money to fix a problem his company perpetuates

Here’s why the world’s richest man Jeff Bezos wore pajamas to a board meeting

Amazon CEO Jeff Bezos launches a $2 bln philanthropic fund

On Twitter, he posted a screenshot of an announcement pledging to donate $2 billion to fund "existing non-profits that help homeless families, and [create] a network of new, non-profit, tier-one preschools in low-income communities".

Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities.

Some resorted to the same argument as US President Donald Trump, who has attacked Amazon for not paying enough taxes and using US postal office as its "delivery boy". "Most important of those will be genuine, intense customer obsession". "September is Childhood Cancer Awareness month", he wrote in an Instagram post shared about 10 hours ago, explaining that every year, Amazon ties up with the American Childhood Cancer Organisation to raise awareness of childhood cancer, which is the second leading cause of death for kids in the USA between ages 4 and 14. The Bezos Family Foundation, which is best known for its support of children's education, has been largely funded by his parents from Amazon holdings they acquired as early investors in their son's enterprise.

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The staggering fortunes of the likes of Bezos, Gates and Facebook CEO Mark Zuckerberg have created a second Gilded Age in the USA and "a new generation of megagivers", Callahan said.

"The media", Mr. Bezos added, "is going to be fine".

Amazon has a history of supporting homeless programs in Seattle.

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The company's push to build a second home base highlights how massively Amazon has expanded during its 20-plus year history. Increasingly, the wealthy want to see their charitable giving put to work on immediate needs.

An Amazon spokesperson confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.

He has also been criticized for not contributing his fortune to philanthropy like other billionaires have, including Microsoft founder Bill Gates and Berkshire Hathaway's Warren Buffett. In 2016, it renovated a vacant hotel on land designated for its new headquarters so it could be used temporarily by the nonprofit group Mary's Place to give shelter to 200 homeless families.

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