Amazon Chief Invests $10 Billion to Earth Fund
NewsBytes
Feb 19, 2020

In order to tackle the problem of climate change, Jeff Bezos, the richest man in the world, has announced the plan to create a new 'Bezos Earth Fund' and invest $10 billion in it.

The Amazon boss, Jeff Bezos has a net worth of $130 billion. In order to tackle the problem of climate change, Jeff Bezos, the richest man in the world, has announced the plan to create a new 'Bezos Earth Fund' and invest $10 billion in it. He made this announcement on Instagram.He said he is investing money so that it will help leaders, scientists, NGOs, activists, etc to develop new solutions to protect the environment and save earth. 

Bezos described climate change as the biggest "threat" to humanity, but at the same time, he noted that it can certainly be handled - with collaborative efforts."We can save Earth," the billionaire said in the same Instagram post, adding that "it's going to take collective action from big companies, small companies, nation-states, global organizations, and individuals."The fund will be issuing grants this summer. For now there is no other information. 

Amazon has not shared anything on the matter, but a spokesperson from the company did confirm that the $10 billion that will be given to the fund will be from Bezos's personal wealth.Beyond that, Amazon has also committed to reducing its carbon footprint.