Jeff Bezos Allocates $ 10 Billion Fund to Combat Climate Change

Amazon’s CEO, Jeff Bezos, announced in his statement on his Instagram account that he has set up a charity fund called the ‘Bezos World Fund’ and is committed to $ 10 billion to fight climate change.

Jeff Bezos, the world’s richest person, the founder and CEO of online shopping giant Amazon, has announced that he has allocated $ 10 billion to combat climate change. This resource allocated by Bezos will be used in the works to be carried out against the world-threatening climate change through the newly created “Bezos World Fund”.

In his statement from his Instagram account, Bezos announced that he created a charity fund called the Bezos World Fund to finance the work of scientists, activists and non-governmental organizations, stating that climate change is the biggest threat to the planet.

Amazon CEO said the money will be used to help any work that offers a real possibility to help protect it from the impact of climate change. One source close to Amazon said the fund would not be used in private sector investments and would be given entirely to charities. Bezos World Fund is planning to start a grant this summer, but it is not clear how to apply or when it will be accepted.

Jeff Bezos’ personal wealth is estimated to be more than $ 130 billion. For this reason, the $ 10 billion he has allocated for the fight against climate change will not affect him much.

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