News / World by Press Association 13/09/2018, 7:50 pm FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Amazon founder and chief executive Jeff Bezos has said he is giving two billion dollars to start a fund that will open pre-schools in low-income neighbourhoods and give money to non-profit groups which help homeless families. Bezos, whose stake in Amazon is worth about 160 billion dollars (£122 billion), says he will call it the Bezos Day One Fund. An Amazon spokeswoman confirmed that the money would all come from Bezos, though there are few details about how the fund will operate. In a post to his Twitter account, Bezos said one part of the fund will give money to organisations and groups that provide shelter and food to young homeless families. The other part will launch and operate free pre-schools in low-income communities, where “the child will be the customer”. It is not yet known what his preschools will look … [Read more...] about Amazon founder Jeff Bezos to start two billion dollar charitable fund
"What the president should say is, 'This is right. This is good. I am glad I am getting scrutinized,'" Amazon boss says Sean Burch, provided by Published 7:42 am PDT, Friday, September 14, 2018 Image 1 of / 1 Caption Close Image 1 of 1 Jeff Bezos Calls Out President Trump’s ‘Dangerous’ Media Criticism 1 / 1 Back to Gallery Amazon chief Jeff Bezos, in a rare public comment on politics, called Donald Trump’s criticism of the media “dangerous” and said the president should instead be “glad” to receive tough coverage. “What the president should say is, ‘This is right. This is good. I am glad I am getting scrutinized,'” Bezos said on Thursday. “But it’s really dangerous to demonize the media. It’s dangerous to call the media lowlifes. It’s dangerous to say they’re the ‘enemy of the people.'” Read the full article on … [Read more...] about Jeff Bezos Calls Out President Trump’s ‘Dangerous’ Media Criticism
AMAZON today became the world's most valuable company, eclipsing Microsoft. The company’s chief executive Jeff Bezos has consolidated his position as the world’s richest man. How much is the company? The online retailer hit the $1trillion mark on September 4, only the second publicly-traded US company to reach the level of market capitalisation. US tech firm Apple hit the mark five weeks before. It only took Amazon 21 years to reach the milestone while Apple took 38 years. Now however, the company is worth $797billion. Analysts have indicated the company’s move to diversify its portfolio as driving the rise in the share price. Last year, Amazon bought Whole Foods Market and moved into the grocery industry. Peter Tuz, President of Chase Investment Counsel said: "It says a lot about Amazon and its ever-increasing dominance of segments of the retailing world as well as the web services business. "They have a tiny share of the worldwide retail sales market so … [Read more...] about What is Amazon’s share price, when did it become the world’s most valuable company and what is CEO Jeff Bezos worth?
AMAZON chief Jeff Bezos may have to give his wife HALF of his $160billion fortune in what would be the biggest divorce in history. Bezos, 54 — the world’s richest man — and wife MacKenzie, 48, revealed their 25-year marriage was over in a joint statement. The couple, wed the year before he founded Amazon, are not thought to have signed a pre-nuptial agreement, according to reports. Divorce laws in their home state Washington say wealth made during a marriage must be split 50-50. Half of Bezos’s fortune would make award-winning author MacKenzie the world’s richest woman. And their break-up could dwarf the £2.9billion French tycoon Alec Wildenstein paid to ex-wife Jocelyn in 1999. Bezos and MacKenzie, who have four kids, said they broke up after a “trial separation”. But their Twitter statement added: “We remain cherished friends.” They spoke of being “deeply grateful for every one of the years we have been married … [Read more...] about Inside the billion dollar world of Jeff Bezos as wife MacKenzie could get $80BN in biggest divorce in HISTORY
Amazon CEO Jeff Bezos tweaked President Donald Trump via Twitter on Monday, following two Pulitzer Prize wins by the Washington Post, CNBC reported. In a tweet, Bezos praised the reporters at the Washington Post for their investigative reporting that led to "Alabama" and "Moscow," referencing the two story topics that landed the journalism prizes -- and embarrassed the president. Trump previously endorsed Roy Moore, a former Alabama Senate candidate who was accused of improprieties with underage girls, some of which came to light through the Post's reporting. Get More at CNBC.com … [Read more...] about Amazon CEO Jeff Bezos Tweaks Trump With Tweet Praising Washington Post’s Pulitzer Prize Wins