The Strategist

Jeff Bezos to create Bezos Earth Fund

02/18/2020 - 09:44

American billionaire Jeff Bezos, CEO and founder of Amazon, announced creation of the Bezos Earth Fund to tackle climate change.

Seattle City Council
Seattle City Council
On his Instagram page, the entrepreneur announced that he would donate $ 10 billion to the work of the fund through which he will finance the activities of scientists and public organizations involved in climate change. According to the businessman, money will be allocated from the summer in the form of grants.

“Climate change is the biggest threat to our planet,” said Bezos. “Earth is the only thing that unites us all, let's protect it together.”

In January 2020, Brand Finance, a consulting company, placed Amazon in its place as the most valuable brand, valuing it at $ 220.7 billion.

The wealth of Jeff Bezos himself is about $ 130 billion.