Amazon's Bezos says Trump should be 'glad' of media scrutiny

  • Amazon's Bezos says Trump should be 'glad' of media scrutiny

Amazon's Bezos says Trump should be 'glad' of media scrutiny

Bezos and his wife, MacKenzie, pledged $US2 billion on Thursday for a new fund to start preschools and help homeless families.

"If our own great grandchildren don't have lives better than ours, something has gone very wrong", Bezos said in a tweet on Thursday. (The foundation was formed from the merger of two smaller, pre-existing efforts: the William H. Gates Foundation and the Gates Learning Foundation.) The organization, which is focused on global health and education, has distributed $46 billion to grant recipients through a year ago.

Some resorted to the same argument as US President Donald Trump, who has attacked Amazon for not paying enough taxes and using US postal office as its "delivery boy".

The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families.

The world has been waiting for a major philanthropy announcement from Jeff Bezos for over a year.

"The media", Mr. Bezos added, "is going to be fine".

Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, despite studies suggesting the internet giant's deal has been beneficial to the United States government postal operator.

The fund will also launch a network of "full scholarship" preschools based in underserved communities.

We will build an organization to directly operate these preschools.

"September is Childhood Cancer Awareness month and each year Amazon partners with @ACCOrg to raise awareness of childhood cancer - second leading cause of death for kids in the United States between ages 4 and 14', he wrote in an Instagram post shared".

He said "we have made tremendous progress" in the search but offered no clues, despite reports that Amazon board members had visited locations in the Washington suburb of Arlington, Virginia. Go Gold boxes by Amazon are uniquely-designed packing boxes that feature a gold ribbon - the global symbol of childhood cancer.

And taking a look at social media, it's not Bezos alone.

"The customer is going to be the child", Bezos said.

The money, put into what Bezos called the Day 1 Fund, is by far his largest philanthropic donation.

Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune - now estimated at more than $160 billion - for charitable efforts.

"Thank you so much for supporting kids like mine by advocating for childhood cancer funding!" wrote one person in the comments section.