Jeff Bezos has stated that he will be donating his fortune to charities and just like establishing an empire like Amazon, philanthropy is equally hard. According to the business tycoon, a lot of effort and hard work from smart teammates is required to decide on which charities should be receiving his fortune and he is working on that.
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Amazon founder Jeff Bezos has announced that he plans on giving away the majority of his $124 billion fortune.
The 58-year-old shared that he will donate his fortune to charities that are fighting climate change, but was quick to add that philanthropy is "very hard", CNN reports.
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Sitting alongside his partner Lauren Sanchez, the fourth wealthiest person in the world stated that he wants to support people who can unify humanity whilst healing social and political divisions.
The businessman did not give any details on how the money will be donated, but said they are: "Building the capacity to be able to give away this money".
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He continued: "The hard part is figuring out how to do it in a levered way. It's not easy, building Amazon was not easy.
"It took a lot of hard work, a bunch of very smart teammates and I'm finding that philanthropy is very similar – it's not easy it's very hard.
"We are building the capacity to being able to give away this money. There are a bunch of ways that I think you could do ineffective things, too".
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The billionaire has already started to give away large sums of money to those he deems able to 'unify' humanity. Singer-songwriter Dolly Parton was recently on the receiving end of a $100 million grant.
Bezos explained that the legendary singer has been given the money for her "love and compassion in work".
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He went on: "Look at what she's done and how she's led her life. The way she's done it is by doing bold things, always with civility and kindness.
"She's a unifier, we have big problems in the world and the way big problems are dealt with is you have to work together".
Well, Dolly Parton is not the only celebrity who received such big amounts, CNN's Van Jones and celebrity chef Jose Andres have also received $100 million each.
Both men were on hand to collect their donations whilst in attendance at Bezos' space launch press conference. The Amazon creator told both men they can donate the money to whatever charities they liked, including their own.
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The CNN political contributor is a founder of Dream Corps which is a nonprofit for criminal justice reform, whilst the Spanish chef founded World Central Kitchen, a nonprofit which provides meals after natural disasters.
It is yet to be known how the remaining fortune will be donated but this amount of fortune, it will surely create an impact on the climate change fight.