BUSINESS

Second Richest Man On Earth Gives £110b To Charity {The Beneficiaries}

<h4>Second richest man on earth Gives £110bn To Charity<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the world&&num;8217&semi;s second-richest man says he is &&num;8220&semi;building the capacity&&num;8221&semi; to help causes close to his heart&comma; including the battle against climate change&period;<br &sol;>&NewLine;Jeff Bezos has revealed plans to give away most of his &dollar;124bn &lpar;£110bn&rpar; fortune during his lifetime&period;<br &sol;>&NewLine;The Amazon founder&comma; 58&comma; is the world&&num;8217&semi;s second-richest man after Elon Musk&comma; the Tesla boss and new owner of Twitter&comma; according to Forbes&period;<br &sol;>&NewLine;This is the first time he has said he plans to give away most of his money&period;<br &sol;>&NewLine;Mr Bezos has been criticised in the past for not signing the Giving Pledge&comma; a campaign founded by Warren Buffett and Bill Gates to encourage the mega rich to contribute most of their wealth to charity&period;<br &sol;>&NewLine;Asked directly by CNN whether he planned to give most of his money away&comma; Mr Bezos said&colon; &&num;8220&semi;Yeah&comma; I do&period;&&num;8221&semi;<br &sol;>&NewLine;Mr Bezos told the US broadcaster that he and his girlfriend&comma; the journalist-turned-philanthropist Lauren Sanchez&comma; were &&num;8220&semi;building the capacity to be able to give away this money&&num;8221&semi;&period;<br &sol;>&NewLine;He said the money would go to causes that work to tackle climate change and to support people who can unify humanity&period;<br &sol;>&NewLine;It was announced a week ago at the start of the COP27 summit that his Bezos Earth Fund had pledged &dollar;1bn more by 2030 to help protect carbon reserves and biodiversity &&num;8211&semi; building on &dollar;9bn of funds already committed to the climate cause&period;<br &sol;>&NewLine;Only last week&comma; it was revealed that country music star <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">Dolly Parton had received a &dollar;100m &lpar;£85m&rpar; prize from Mr Bezos&period;<&sol;a><br &sol;>&NewLine;Advertisement<br &sol;>&NewLine;The courage and civility award gives people the chance to donate cash to causes of their choice&period;<br &sol;>&NewLine;Parton&comma; a long-time philanthropist herself&comma; has already established a number of charities and put &dollar;1m towards the development of a COVID vaccine during the pandemic&period;<br &sol;>&NewLine;Mr Bezos has more time on his hands to devote to his passions after stepping down as chief executive of Amazon last year&period;<br &sol;>&NewLine;He continues to own about 10&percnt; of the ecommerce-to-streaming giant&period;<br &sol;>&NewLine;His other business interests include ownership of the Washington Post and space tourism company Blue Origin&period;<&sol;p>&NewLine;<p><em><strong>Source&colon; Sky News<&sol;strong><&sol;em><&sol;p>&NewLine;

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