Jeff Bezos Made the Largest Charitable Donation of 2020, All Towards Climate Change

by Arun

Jeff Bezos is largely known as the leader of Amazon who revolutionized the way we go about shopping and for spurning the wave of e-commerce. Yet little know that Bezos also leads several philanthropic efforts, one being his startup Blue Origin, dedicated to “making access to space cheaper and more reliable through reusable launch vehicles.” Most recently, Bezos revealed perhaps his most ambitious initiative, claiming the title as one of the largest contributors towards funding the fight against the climate crisis. He has led a $10 billion dollar climate fund to which he will distribute to 16 organizations. The significance of this investment is that the $10 billion Bezos is committing is 10 times as much combined as all philanthropic foundations dedicated towards efforts to combat climate change in 2018.

So far, Bezos has paid out $790 million to 16 different groups, with the number growing as Bezos continues to seek organizations to support monetarily.

On the heels of Elon Musk now becoming the richest man in the world, a trend of technological companies and leaders shifting towards fighting climate change has a strong showing. Venture Capitalist Chamath Palihapitiya supported this idea, stating in October 2019 that “the world’s first trillionaire will be made in climate change.” More recently, Palihapitiya supplemented his comment in congratulations of Musk, stating that “the world’s richest person should be somebody who’s fighting climate change.” Other tech billionaires have joined the effort, including Bill Gates, who has recently unveiled a plan revealing how US Leadership could effectively fight climate, noted in a plan that involves a $25 billion boost in spending, creating over 370,000 new jobs in the process as well.

With more joining in the fight against climate change – from current to former technology CEOS and influential members in the financial community – the future of support looks strong as many seek to fight out any way in which they can contribute. 

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