Jeff Bezos: World's second richest billionaire donates N35bn to help homeless families

Jeff Bezos: World's second richest billionaire donates N35bn to help homeless families

- Jeff Bezos' Day 1 Families Fund announced the donations for 2019 on Thursday, November 21

- The recipients are groups that work to provide shelter for homeless families

- In 2018 Bezos gave $97.5 million (N35,451,808,000) to organisations fighting homelessness

Jeff Bezos, the second richest person in the world on Thursday, November 21, announced he has donated $98.5 million (N35,451,808,000) to 32 organisations in 23 states to help homeless families.

The billionaire's charity foundation, the Bezos Day 1 Fund launched in September 2018, gifted each organisation with a range of $1.25 million to $5 million (N1,807,525,000).

According to a report by CNBC, this is the second round of the Bezos Day One Families Fund annual leadership awards after the billionaire launched the organisation.

In 2018, Bezos gave $97.5 million (N35,815,422,000) to organisations fighting homelessness. The donation was given to 24 organisations in 16 states.

World's second richest billionaire Jeff Bezos donates KSh 10.1 billion to help homeless families
With a net worth of roughly $109 billion, Bezos is the second wealthiest man in the world. Photo: CNN.
Source: UGC

The foundation has two stated aims that include to combat homelessness and provide quality education in low-income communities.

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This year’s grantees include long-standing non-profits such as the Homeless Services Network of Central Florida, which received the largest grant of $5.25 million.

While Bezos has posted on Instagram several times in 2018 about visiting Montessori-inspired schools, no official announcement has been made regarding creating a network of preschools.

Bill Gates and Bezos have gone back and forth in first place in recent days, as the price of Amazon and Microsoft stock fluctuated.

The rivalry has only grown more heated after the Pentagon made the controversial move to award a $10 billion cloud computing contract to Microsoft.

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Bezos' Amazon has challenged the awarding of the JEDI contract to Microsoft, claiming politics spoiled a fair contracting process.

Meanwhile, earlier reported that Billionaire Bill Gates officially surpassed Amazon Chief Executive Officer (CEO) Jeff Bezos as world's richest person on earth with a net worth of $110 billion (N39,765,000,000,000).

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