Philanthropist Amazon CEO Jeff Bezos Helps Homeless People

Bamz Ola
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Amazon CEO Jeff Bezos said on Tuesday there were 24 organizations that would receive a total of US $ 97.5 million in grants from new philanthropic funds for their social projects to help the homeless.

The news came a week after Amazon’s decision to build their head quarter raised concerns about the transfer of affordable housing in the two locations it chose to expand its operations.

Even though, this expansion could present 50,000 new jobs in 2 of their operational target locations in the Long Island City neighborhood in Queens and the National Landing neighborhood of Arlington.

Bezos, currently the richest person in modern history, with a net worth of more than 125 billion US dollars. Where Forbes estimates it has disbursed funds of up to 2 billion US dollars “Day One Fund” in September.

At that time, Bezos said funds would be shared between the Day 1 Families Fund with the aim of helping homeless families and the Day 1 Academies Fund with the aim of creating high-quality preschool projects for low-income communities.

Announcement on Tuesday (11/20/2018) this local time quoted from CNBC is for the Day 1 Families Fund. The 24 organizations that became the target of Bezos were spread in 16 states and the District of Columbia.

Keep in mind, Jeffrey Bezos is an American businessman who has an important role in the growth of e-commerce. He is the founder, president director and CEO of This company is engaged in online sales. He made this site a model for online sales.

Bezos for 9 consecutive years entered the ranks of the richest people in the world despite his changing position. The source of the money coffers comes from share ownership on

He was also included in TIME magazine as Person of the Year in 1999. In 2008, he was chosen by US News & World Report as one of the world’s best leaders. Bezos was awarded an honorary doctorate from Carnegie Mellon University Science and Technology. In 2011, he attended the Swiss 2011 Bilderberg conference in St. Moritz Switzerland.

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