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The richest man in the world, with a fortune of over $ 160 billion, has not been a major player in philanthropy or politics.Star Max / IPx
The founder and CEO of Amazon, Jeff Bezos, adventure further into the political arena by donating $ 10 million to help more veterans in Congress.
Bezos, the richest man in the world, has long avoided making any major political or philanthropic contributions. The money will go to a non-partisan organization and Super PAC called With Honor, according to a statement released Wednesday by the group. There is talk of having 20 veterans from both parties elected to the US House of Representatives mid-term.
Bezos and his wife, MacKenzie, make up one-third of the organization's $ 30 million goal and invest alongside billionaires Alice and Jim Walton, Howard Schultz, The Wexner and Julian Robertson.
The 54-year-old brought small amounts of money to both federal and local Democrat candidates over the years. Last year, he also invested $ 2.5 million to defend gay marriage in the state of Washington. Yet his political gifts do not begin to compete with the money spent by others, such as casino magnate Sheldon Adelson, who donated $ 55 million to help Republicans in this year's midterm elections.
Despite its great wealth, Bezos has not made philanthropy a priority either, and its public donations are rare. It is only recently that he has begun to show greater interest in donating money. In January, he donated $ 33 million to fund university scholarships for 1,000 undocumented immigrant high school students who live in the United States with Deferred Action for Children, or DACA status. Bezos' father arrived in the United States from Cuba at the age of 16.
In the summer of 2017, Bezos tweeted a demand for philanthropic ideas and to shed light on how he approached the issue. "I think I want a lot of my philanthropic activity to help people in the here and now, in the short term, at the crossroads of an urgent need and an impact. sustainable development, "he said. term mentality that he takes with his business.
With Honor was launched in 2017 with the stated goal of reducing the financial barriers that prevent qualified veterans from successfully participating in the legislature. "At a time when the number of veterans in Congress is at an all-time high, the next generation of veterans could help solve the political problems of our country," said David Gergen, veteran of the fear and veteran of the Navy.
Bezos is currently worth $ 164 billion, according to Forbes » rankings. His fortune has nearly doubled in the past year as Amazon shares continue to skyrocket. He is by far the richest person on the planet, having passed Bill Gates in October 2017. Gates, who gave billions of dollars in his lifetime, is worth about $ 95 billion.
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The richest man in the world, with a fortune of over $ 160 billion, has not been a major player in philanthropy or politics.Star Max / IPx
The founder and CEO of Amazon, Jeff Bezos, adventure further into the political arena by donating $ 10 million to help more veterans in Congress.
Bezos, the richest man in the world, has long avoided making any major political or philanthropic contributions. The money will go to a non-partisan organization and Super PAC called With Honor, according to a statement released Wednesday by the group. There is talk of having 20 veterans from both parties elected to the US House of Representatives mid-term.
Bezos and his wife, MacKenzie, make up one-third of the organization's $ 30 million goal and invest alongside billionaires Alice and Jim Walton, Howard Schultz, The Wexner and Julian Robertson.
The 54-year-old brought small amounts of money to both federal and local Democrat candidates over the years. Last year, he also invested $ 2.5 million to defend gay marriage in the state of Washington. Yet his political gifts do not begin to compete with the money spent by others, such as casino magnate Sheldon Adelson, who donated $ 55 million to help Republicans in this year's midterm elections.
Despite its great wealth, Bezos has not made philanthropy a priority either, and its public donations are rare. It is only recently that he has begun to show greater interest in donating money. In January, he donated $ 33 million to fund university scholarships for 1,000 undocumented immigrant high school students who live in the United States with Deferred Action for Children, or DACA status. Bezos' father arrived in the United States from Cuba at the age of 16.
In the summer of 2017, Bezos tweeted a demand for philanthropic ideas and to shed light on how he approached the issue. "I think I want a lot of my philanthropic activity to help people in the here and now, in the short term, at the crossroads of an urgent need and an impact. sustainable development, "he said. term mentality that he takes with his business.
With Honor was launched in 2017 with the stated goal of reducing the financial barriers that prevent qualified veterans from successfully participating in the legislature. "At a time when the number of veterans in Congress is at an all-time high, the next generation of veterans could help solve the political problems of our country," said David Gergen, veteran of the fear and veteran of the Navy.
Bezos is currently worth $ 164 billion, according to Forbes » rankings. His fortune has nearly doubled in the past year as Amazon shares continue to skyrocket. He is by far the richest person on the planet, having passed Bill Gates in October 2017. Gates, who gave billions of dollars in his lifetime, is worth about $ 95 billion.
