Bezos Calls Trumps Attacks on Media 'dangerous'

Amazon CEO Jeff Bezos

Now, Bezos has announced the Bezos Day One Fund, which he and his wife MacKenzie will use to fund existing organizations that help homeless families and to create a "network of new, non-profit, tier-one preschools in low-income communities".

The Amazon founder, the world's wealthiest person, offered detail on his philanthropic goals, announcing the Bezos Day One Fund, which will begin with an initial $2 billion.

The fund will help organizations and shelters provide services for homeless families and will put money toward building a network of free Montessori-like schools for underprivileged communities. The other part will launch and operate free preschools in low-income communities, where "the child will be the customer".

"I don't feel the need to defend Amazon", Bezos said. "Most important of those will be genuine, intense customer obsession".

More than a year ago, Bezos posted to Twitter a request for suggestions on philanthropic initiatives created to make a difference in the short term.

Bezos said his decision to select Seattle for Amazon's original home base was due to Microsoft being there and he had plenty of technical talent to pull from in city. "The media is going to be fine", Bezos said, according to AFP, before paraphrasing Post editor Marty Baron: "The administration may be at war with us, but we are not at war with the administration".

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Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center's Forum on Leadership in Dallas, Texas, US, April 20, 2018.

"Another way we're raising awareness is through our special #GoGold boxes - you may receive one during September", he added. "If you can give somebody a leg up when they're 2, 3 or 4 years old, by the time they get to kindergarten of first grade, they're much less likely to fall behind".

"We live in an age in which the winners have done incredibly well and perhaps the majority of working Americans haven't", said Anand Giridharadas, author of "Winners Take All: The Elite Charade of Changing the World".

Michael Bloomberg, the owner of Bloomberg LP, parent of Bloomberg News, also is a signatory. Bezos was previously criticized for giving relatively little to charity.

Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and previous year acquired the Whole Foods grocery chain.

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