Amazon founder and chief executive Jeff Bezos has said he is giving two billion dollars to start a fund that will open pre-schools in low-income neighbourhoods and give money to non-profit groups which help homeless families. Amazon founder and chief executive Jeff Bezos has said he is giving two billion dollars to start a fund that will open pre-schools in low-income neighbourhoods and give money to non-profit groups which help homeless families. Bezos, whose stake in Amazon is worth about 160 billion dollars (£122 billion), says he will call it the Bezos Day One Fund. An Amazon spokeswoman confirmed that the money would all come from Bezos, though there are few details about how the fund will operate. Bezos, who founded Amazon as an online book store more than two decades ago, has seen his wealth surge along with Amazon’s stock.

Source: Irish Independent September 13, 2018 18:45 UTC