"}},{"@type":"Question","name":"What is Jeff Bezos' ex-wife?","acceptedAnswer":{"@type":"Answer","text":"MacKenzie Scott (née Tuttle, formerly Bezos; born April 7, 1970) is an American novelist, philanthropist, and ex-wife of Amazon founder Jeff Bezos. As of June 2024, she has a net worth of US$36.1 billion, owning a 4% stake in Amazon."}},{"@type":"Question","name":"Is Eva Longoria a Millionaire?","acceptedAnswer":{"@type":"Answer","text":"Here's why. The actress said she was 'thrilled' by the massive windfall. Amazon founder Jeff Bezos and his fiancée Lauren Sánchez have just made Hollywood star Eva Longoria a whole lot richer."}},{"@type":"Question","name":"What is Jeff Bezos' hourly wage?","acceptedAnswer":{"@type":"Answer","text":"Jeff Bezos Earns $7.9 Million Per Hour — What Does He Do With All That Cash?"}},{"@type":"Question","name":"How smart is Jeff Bezos?","acceptedAnswer":{"@type":"Answer","text":"Notably, the report finds former Amazon CEO Jeff Bezos (5th sport, score of 71) and Meta platforms CEO Mark Zuckerberg (8th spot, score of 69.67) to be smarter than the world's richest man, Elon Musk who has been ranked on the 16th spot with a score of 64.33."}}]}}
Jeff Bezos Announces He’s Donated Nearly $120 Million To Help People Without Housing (2024)
Amazon founder Jeff Bezos, the world’s third-richest person, will give $118 million to nonprofit groups helping families experiencing homelessness, he announced on Tuesday.
This year’s grants are the sixth round of awards from the Bezos Day One Families Fund, which will donate the funds to 38 nonprofits in 23 states—including the states where Bezos owns property: New York, Hawaii, Washington D.C., California, Washington and Florida, where he recently moved. Grants range from a $150,000 gift to Family Promise of Cheyenne, Wyoming, to approximately a dozen $5 million gifts to organizations including American Indian Community Development Corporation in Minneapolis and BronxWorks in New York.
“It’s a privilege to support these orgs in their inspiring mission to help families regain stability,” Bezos wrote in a post on Instagram captioning a video where his partner Lauren Sánchez praised the fund’s efforts. In the video, Ellen Magnis, the CEO of Texas-based 2019 grantee Family Gateway, which connects families to housing assistance and operates emergency shelters, says Bezos’ funding has “kept 2,200 families from coming into shelter.”
Bezos founded the Day One Fund in 2018 as a $2 billion commitment with his former wife MacKenzie Scott. The fund has so far given $640 million to organizations in 48 states. Grants from the Day One Families Fund, the homelessness-focused portion of the Day One Fund, are “no strings attached,” meaning they have no restrictions on how the money is used once it reaches the recipient nonprofits, a relatively uncommon philanthropic approach for which Scott is well known.
Bezos primarily does his charitable giving through his Day One Fund and the Bezos Earth Fund, a similar multi-year, multi-billion commitment, although that fund is larger—with $10 billion pledged. The Day One Fund awards a yearly set of grants to combat homelessness through its families-focused fund but also helps launch and operate tuition-free, Montessori-inspired preschools in underserved communities.
The latest gifts bring Bezos’ total giving to nonprofit groups to $3 billion, Forbes calculates, which is just under 2% of his current $166 billion net worth.Although Bezos stepped down from his CEO post at Amazon two years ago, he is still the company’s largest individual shareholder—he owns just under 10% of the stock–and is the chairman of the board. Some have criticized his gifts focused on homelessness and climate as hollow given the big e-commerce company’s record on labor and environmental issues.
Bezos has never specified whether he’s funding the Bezos Day One Fund grants (or any of his other grants, for that matter) with cash gifts, donations of his Amazon shares or something else, though it appears that he’s using Amazon stock, since he donates shares periodically. Last week, Bezos gave 1.67 million shares of Amazon worth $560 million to “non-profit organizations,” according to Securities and Exchange Commission filings; an Amazon spokesperson did not yet respond to a request to comment on which groups received the stock gifts.
Since Amazon went public in 1997, Bezos has given away about $4.7 billion worth of Amazon shares and sold $27 billion worth of the company’s stock; some of his gifts of shares may have gone to donor-advised funds–essentially charitable giving accounts that provide generous tax deductions.
Earlier this year, Bezos and Sánchez announced the creation of a $100 million Maui Fund to provide relief after the wildfires that devastated parts of the Hawaiian island, where Bezos owns a bayside mansion. His Earth Fund has also doled out a continuous stream of smaller grants this year, with its total donations now nearing $2 billion.
Bezos and Sánchez told CNN last November that they would give away the majority of their wealth within Bezos’ lifetime. Although the couple has not signed the Giving Pledge, a non-binding agreement to give away at least half of one’s fortune, they have stepped up their rate of giving in recent years.
The latest round of charitable donations brings his total giving to an estimated $3 billion, just under 2% of his net worth. Amazon founder Jeff Bezos, the world's third-richest person, will give $118 million to nonprofit groups helping families experiencing homelessness, he announced on Tuesday.
Bezos—who has a net worth of around $200 billion—launched the Courage and Civility Award in 2021 to support philanthropists. Van Jones, a lawyer and CNN commentator, and the lauded chef and humanitarian José Andrés were the first recipients of the prize.
We are aware of a scam called the Jeff Bezos Families Relief Fund that purports to donate money to random individuals. Bezos Family Foundation does not have a relief fund.
Amazon founder Jeff Bezos and his fiancée Lauren Sánchez are awarding $50 million each to Bill McRaven, a retired Navy admiral and former chancellor of the University of Texas System, and actor and entrepreneur Eva Longoria as part of Bezos' annual prize to individuals who make significant contributions to society.
Bezos is the founder and former chief executive officer (CEO) of Amazon. He remains the executive chair of the company. He holds traditional investments, such as real estate and shares in other companies. Bezos has funded several education projects through the Bezos Family Foundation.
Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth is up by $4.9 billion, making the 56-year-old the world's first-ever person to amass a $200 billion fortune.
As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.
Musk donated $1.95 billion worth of Tesla shares to charities in 2022 and $5.74 billion in 2021, according to filings with the Securities and Exchange Commission (SEC). The Musk Foundation, like all charitable organizations, is mandated by law to allocate a minimum of 5% of its assets annually.
Dolly Parton had an estimated net worth of $375 million in 2022, according to Forbes. Her music catalog is worth about $150 million, but her Dollywood theme parks are her biggest asset. She's given over 100 million books to children and donated $1 million towards the Moderna vaccine.
Bill Gates and Melinda French Gates have a lifetime giving of $42.5 billion, with a giving focus on health and poverty alleviation. They continue to co-chair the Bill & Melinda Gates Foundation despite their 2021 divorce, Forbes noted. Bill has a net worth of 125 billion, and Melinda's net worth is $10.6 billion.
MacKenzie Scott (née Tuttle, formerly Bezos; born April 7, 1970) is an American novelist, philanthropist, and ex-wife of Amazon founder Jeff Bezos. As of June 2024, she has a net worth of US$36.1 billion, owning a 4% stake in Amazon.
Here's why. The actress said she was 'thrilled' by the massive windfall. Amazon founder Jeff Bezos and his fiancée Lauren Sánchez have just made Hollywood star Eva Longoria a whole lot richer.
Notably, the report finds former Amazon CEO Jeff Bezos (5th sport, score of 71) and Meta platforms CEO Mark Zuckerberg (8th spot, score of 69.67) to be smarter than the world's richest man, Elon Musk who has been ranked on the 16th spot with a score of 64.33.
Elon Musk, CEO of Tesla, is the richest person and the richest man in the world with a net worth of $239 billion. After Musk is Jeff Bezos, founder of Amazon. Other billionaires with some of the largest net worths include LVMH's Arnault, Microsoft's Bill Gates, and Oracle's Larry Ellison.
Jeff Bezos followed up his 11-minute flight to the edge of space Tuesday with an extended press appearance in which he announced the gift of $100 million each to CNN political contributor Van Jones and chef José Andrés.
“If you're an individual considering purchasing a big-screen TV, you might want to wait, hold onto your money, and see what transpires,” Bezos recommends. “The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation.”
Recipients are selected based on their work in philanthropic areas of societal importance, recognizing them as leaders who aim high and pursue solutions with courage and civility. The 2021 inaugural recipients were Van Jones and José Andrés.
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