Jeff Bezos Donates over KSh 50 Billion to Help Climate Change Organisations, Internet Needs More Convincing
- Jeff Bezos will be donating over KSh 50 billion to assist climate change organisations across the globe
- The world's second-richest person has committed to helping the climate change battle with his enormous donations set to be completed by 2030
- The money will be distributed among 44 different organisations, including US President Joe Biden's Justice40 initiative
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The world's second-richest person, Jeff Bezos, has committed to donating a massive over KSh 50 billion to climate change organisations by 2030.
Source: UGC
On Monday, 6 December, Bezos announced that there were 44 grants that the donation would be distributed amongst.
US President Joe Biden's administration's Justice40 initiative will receive KSh 14.6 billion, land and sea protection efforts will receive KSh 29.4 billion while the rest of the money will go to land restoration efforts in the US and on the African continent.
These contributions follow his 2020 donations to 16 different organisations. These all form part of his Earth Fund, with which he has committed to donating to help the fight against climate change.
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According to Bloomberg, the 57-year-old's giving spree did not stop there as the recent announcement brings the total amount of charity donations to 112 billion of which, a massive $100 million went to the Obama Foundation.
A report by TimesLIVE revealed that a large majority of his worth comes from his stake in Amazon. He has a current nett worth of KSh 21.9 trillion.
Social media users question Bezos' insane donations
@MHealow said:
"Does that mean he's rich enough to pay income taxes yet?"
@lifrank3191899p asked:
"Climate organisations? What do these organisations do? Who is behind these organisations?"
@LGJessee1 wrote:
"Basically the equivalent of me giving 15¢."
@splinterhood added:
"Really nice of him to do that before the tax year ends. How much does it cost to build an Amazon warehouse?"
Elon Musk overtakes Jeff Bezos to become world's richest person
In a separate story, TUKO.co.ke reported that billionaire businessman Elon Musk had finally become the richest person in the world after his net worth soared to US$185 billion (KSh 20,266,750,000,000).
According to a report by Daily Mail, Musk became the richest person in the world after a surge in Tesla shares.
Tesla's stock price jumped 4.9% on Wednesday, January 6, making it possible for Musk to overtake Bezos.
Source: TUKO.co.ke
Muyela Roberto (HOD Business) Muyela Roberto is a journalist with over 9 years of experience in digital media. He graduated from Maseno University with a BA in Communication & Media with IT in 2017. He's the head of the business desk. He previously served as copy editor. Before copy editing, he was a business and current affairs editor. He's undergone training from Google News Initiative, Digital ABC by WAN-IFRA, & Media Lab 101 by Kenya Airways. Before TUKO, he worked as People Daily correspondent in Kisumu, Scholar Media correspondent and contributor at Kenya News Agency. Email: roberto.muyela@tuko.co.ke
Naomi Wandede Naomi Wandede is a journalist and current affairs editor at TUKO.co.ke. She holds a diploma in Media and Journalism Studies from Rongo University. She has over 2 years of experience in the media industry. When she is not busy writing, you will find her listening to music and watching a movie. Email: naomiwandede@tuko.co.ke.
