Jeff Bezos: World's 2nd richest billionaire donates over GHC551m to help homeless families

Jeff Bezos: World's 2nd richest billionaire donates over GHC551m to help homeless families

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

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

- In 2018 Bezos gave $97.5 million to organizations fighting homelessness

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Jeff Bezos, the second richest person in the world announced on Thursday, November 21, he has donated $98.5 million (GHC551.6 million) to 32 organizations in 23 states to help homeless families.

The billionaire's charity foundation, the Bezos Day 1 Fund launched in September 2018, gifted each organization with a range of $1.25 million to $5 million.

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: Getty Images

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 organization.

In 2018 Bezos gave $97.5 million to organizations fighting homelessness to 24 organizations in 16 states.

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

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 (KSh 533.4 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.

With a net worth of roughly $109 billion, Bezos is the second wealthiest man in the world, according to the Bloomberg Billionaires Index behind Microsoft co-founder Bill Gates.

Bill Gates is the first and the two 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.

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

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Source: Yen

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