Jeff Bezos launches $2 billion fund for homeless

Amazon CEO Jeff Bezos

The interview shed new details on Bezos's philanthropic push, which was devised with his wife MacKenzie and will include building and operating a network of "Montessori-like" preschools to help prevent low-income family children from falling behind in their education.

While he has financially supported cancer research and scholarships for immigrants, among other causes, Mr Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an "investment in the future of our planet through the development of foundational space infrastructure". The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion United States and has long supported homelessness services for families in the city.

"But I will say this: I do think it's a mistake for any elected official to attack media and journalists". Since March 2016, Amazon customers have also been able to order items from the Mary's Place's wishlist on the site, such as diapers and socks.

His private ownership of The Washington Post, which has published articles critical of the White House, has also put him at odds with U.S. President Donald Trump. "I am glad I am being scrutinized, ' and that would be so secure and confident", Bezos said in comments reported by Reuters.

The Amazon chief's wealth has become problematic for some. "But it is really risky to demonize the media". It's risky to call the media low-lifes.

More news: Flo's On The Go: Massive Storm Barrels Toward East Coast

Bezos said early childhood education is a critical area and that "the money spent there is going to pay big dividends for decades". "It's unsafe to say they are the enemy of the people". We're going to be obsessively, compulsively focused on the child. Most important among those will be genuine, intense customer obsession. "We're going to be scientific when we can be, and we're going to use heart and intuition when we have to".

Amazon founder Jeff Bezos is to launch a $2bn (£1.53bn) fund to help homeless families and launch pre-schools in poor communities. "Bezos' response reflects the reality that people feel, which is that there are a lot of real problems not being addressed".

With a little more than three months left in the year, Amazon CEO Jeff Bezos says he still intends to announce a decision on where its second headquarters will be located before the new year. We will build an organization to directly operate these preschools.

This article was written by Christian Davenport and Abha Bhattarai, reporters for The Washington Post.

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