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Jeff Bezos is now the richest person in modern history — here's how he spends his money on philanthropy

Bezos is the only American in Bloomberg's ranking of the world's top 5 richest people to not join the Giving Pledge. In June, a year after asking his Twitter followers for input on philanthropic strategies, Bezos said he has settled on two areas and will announce them by the end of the summer.

  • Jeff Bezos was named the richest man in modern history on Monday, with Bloomberg reporting that his fortune is worth $150 billion.
  • Bezos has not engaged in philanthropy to the same extent as many other billionaires, and he is the only American in Bloomberg's ranking of the world's top five richest people to not join the Giving Pledge.
  • In June 2017, Bezos asked his Twitter followers for input on choosing a short-term philanthropic strategy.
  • Last month, Bezos tweeted that he has chosen two philanthropic areas to focus on and intends to make an announcement by the end of the summer.

Jeff Bezos was named the richest man in modern history on Monday when his fortune hit the $150 billion mark. But he has not engaged in philanthropy (at least publicly) to the same extent as many other billionaires.

n June 2017, however, he requested input from his Twitter followers for creating a short-term philanthropy strategy.

"I'm thinking I want much of my philanthropic activity to be helping people in the here and now — short term — at the intersection of urgent need and lasting impact," Bezos wrote.

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He cited the example of Mary's Place in Seattle, which provides shelter and employment training to people who are homeless. Amazon partnered with Mary's Place in 2016, turning an old hotel into a shelter for more than 200 family members. That space was later demolished to make room for two new Amazon office towers, but the company committed to giving Mary's Place a permanent home. Bezos himself has donated $1 million to the nonprofit.

Last month, a few days before the one-year anniversary of his Twitter request, Bezos tweeted that people's responses were "inspiring, thoughtful, helpful, and appreciated." Bezos said he has chosen two areas to focus on and intends to make an announcement by the end of this summer.

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