World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

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Sources News reports and announcements

Amazon founder and chief executive Jeff Bezos says he will commit $2 billion to helping homeless families and starting preschools for low-income communities.

Bezos past year surpassed Microsoft Corp.co-founder Bill Gates to become the wealthiest man in the world, in large part because of his 16% stake in the company.

The fund will also launch a network of "full scholarship" preschools based in underserved communities.

Bezos, the world's richest man and gros fromage of the sprawling Amazon online services empire, had a pop at The Donald after one of the latter's wearyingly frequent outbursts at the American journos for writing down what he says and publishing it. "But it turns out in life that your most important decisions are always made with instinct and intuition, taste, heart". "September is Childhood Cancer Awareness month", he wrote saying Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease.

But the attacks on the press - while unsafe - aren't stronger than US institutions, Bezos said. Forbes magazine placed him at the top of its list of billionaires for the first time this year, surpassing Microsoft co-founder Bill Gates and investor Warren Buffett.

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"We live in a society where it's not just the laws of the land that protect us", he added.

Mr Bezos said Mr Trump and other public figures should expect public and media scrutiny, which he called "healthy".

Dominance in e-commerce and the nascent field of cloud computing has made Amazon the world's second-most valuable public company.

Amazon has said the senator's statements about the company are "inaccurate and misleading".

And he also hasn't signed The Giving Pledge, an initiative created by the Gateses and Buffet that encourages billionaires to give away the majority of their wealth to philanthropy. "Bezos' response reflects the reality that people feel, which is that there are a lot of real problems not being addressed". The foundation helped fund a fact-finding trip to visit government-subsidized model programs in Boston, New York and New Jersey, according to Tim Burgess, the then a city council member who created the Seattle Preschool Program. Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary's Place shelter.

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