SEATTLE — Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighbourhoods and give money to nonprofits that helps homeless families. Bezos, whose stake in Amazon is worth about $160 billion, says that he’ll call it the Bezos Day One Fund. An Amazon.com Inc. spokeswoman confirmed that the money will 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. In January, Bezos also personally gave $33 million in college scholarships for young immigrants living in the U.S. illegally.

Source: National Post September 13, 2018 16:02 UTC