How Jeff Bezos is spending his first $791 million on climate action

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Bezos is giving it to organizations with a proven track record—but doesn’t seem to be aiming to reshape the climate world. If you had $10 billion to spend on tackling the problem of climate change, how would you spend it? For Jeff Bezos, who has spent the last several months talking to experts about the question—after pledging to donate roughly 7% of his fortune to the climate in February , a far higher total dollar amount any other individual donor in history—part of the answer has been turning to some of the world’s biggest environmental groups, which are all already well-funded. Read Full Story

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Billionaire Jeff Bezos names 16 grant recipients of the Bezos Earth Fund

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It may not be enough to save the world, but it’s a lot of money. We know that it takes Jeff Bezos only about a minute to add nearly $150,000 to his net worth, so it’s no surprise that he has a surplus of cash. Back in February, the Amazon founder and CEO announced that he’d set aside $10 billion (yes, with a B) to create the Bezos Earth Fund in an effort to combat climate change. Read Full Story

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‘We called it Amazon heroin’: Congress makes Jeff Bezos listen to stories from crushed businesses

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At a congressional hearing today, Jeff Bezos rejected claims that his company unfairly crushes competition: “That’s not how we operate the business.” It’s hard to say if anything productive will come out of today’s congressional hearing on big tech companies and their marketplace dominance, but if there is even a sliver of societal value in watching the world’s richest man squirm, then you can’t say it was all for nothing. Read Full Story

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Hey, Big Tech workers: This campaign wants you to tell your company to lobby for the climate

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Tech giants aren’t using their full political power to push for pro-climate policies. A new campaign hopes pressure from employees can change that. Out of the 115 lobbyists who work for Amazon, only one has focused on climate change in recent years, despite the fact that the company is working to become carbon neutral , and Jeff Bezos is pouring $10 billion into climate philanthropy . Read Full Story

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Just how much more wealthy than you is Jeff Bezos? Scroll to find out

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A new visualization puts the world’s wealth disparity into context. You may think you have a hazy understanding of Jeff Bezos’s wealth—$139 billion—but a new visualization makes it easier to grasp the scale. The interactive site starts with a single pixel representing $1,000, then a small box representing the average American salary of $63,179, and a massive rectangle representing $1 billion. Then comes a block representing Bezos’s money. Minutes later, you’ll still be scrolling through it. Read Full Story

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Amazon’s Jeff Bezos just became the world’s first $200 billionaire

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Around $82 billion of his net worth was added this year, after the pandemic catapulted e-commerce and contactless purchasing into the stratosphere. As Americans devastated by the coronavirus pandemic sit in their homes—jobless, cooking in bulk, praying for a single $1,200 check to arrive by mail—Amazon founder Jeff Bezos quietly became the world’s first-ever $200 billionaire. Read Full Story

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