World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

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A picture shared by Amazon chief Jeff Bezos on Instagram. What the president should say is, 'This is right, this is good.

"We will announce a decision before the end of the year", Bezos said in one of the first public updates on the process since the company announced its finalist list in January.

"The Bezos Family Foundation - and Jeff obviously has a role in that - has been engaged with early learning initiatives for years now", Burgess said, adding that it could only help the political momentum toward universal pre-K, as Seattle's preschool program is also once again on the ballot in November. We'll use the same set of principles that have driven Amazon.

The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities.

Interviewed by the club's president, Carlyle Group co-founder David Rubenstein, Bezos also discussed his new charitable commitments, defended the media and his purchase of the Washington Post, and disappointed the D.C. -connected audience by declining to reveal a winning city for Amazon's second headquarters.

In a tweet last June, Bezos asked the public for ideas about where he should give his money.

Bezos held true to that word, even jokingly pushing back on the smattering of boos that came from the D.C. crowd when he declined to reveal the victor of the HQ2 contest.

Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 per cent of their Facebook stock. "It is risky to demonize the media". "It's also the social norms that protect us". "It's risky to call the media lowlifes". Most important among those will be genuine, intense customer obsession. Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion, and many more.

Even so, Amazon insisted it was "deeply committed" to tackling homelessness in Seattle and said it would continue to invest in local nonprofits that work with the homeless.

The announcement marks a deeper foray into philanthropy for Bezos, whose fortune has soared to more than $160 billion thanks to his stake in Amazon.