On Tuesday, for the third time in less than a year, Mackenzie Scott, the ex-wife of Jeff bezos, Announced who had donated more than a billion dollars to charity. This time, it was $ 2.74 billion for 286 different organizations, including those focused on racial justice. That brings in her charitable donations since she divorced Bezos in 2019. to more than $ 8 billion, much of which came in the past 12 months, including $ 4.2 billion in grants announced last December. In a Medium post published this morning, Scott wrote that she and her new husband, Dan Jewett, as well as “a constellation of researchers, administrators and advisers”, are “trying to give away a fortune that was enabled by systems that needed change” and that are “governed by the humble belief that it would be better if it were disproportionate wealth was not concentrated in a small number of hands. ” She didn’t add, “like my ex-husband Jeff’s,” although it’s hard to believe she wasn’t thinking about it!
Even if Scott wasn’t, few people will be able to look at the huge amounts of money he’s been giving away and not think about the fact that Bezos, the literally richest man in the world, has distributed what philanthropy experts define as “diddly -squat ”as a proportion of his wealth, preferring instead to focus on launching into space. In 2018, in the middle corroborated reports that Amazon employees relieve themselves in bottles or give up bathroom breaks for fear of “being disciplined for being inactive and losing their jobs as a result,” and the data developer With nearly a third of Amazon employees in Arizona dependent on food stamps, Bezos said in an interview that he couldn’t think of a way to spend his vast fortune outside of financing his life. for-profit rocket company, Blue origin. (“The only way I can see to implement that much financial resource is by turning my earnings from Amazon into space travel,” he said. He said CEO of Axel Springer Mathias Döpfner. “That’s basically it… I am currently liquidating about $ 1 billion a year in Amazon stock to fund Blue Origin. And I plan to continue to do so for a long time. Because he is right, he is not going to spend it on a second dinner ”). A month after that, Amazon was instrumental in removing a proposed $ 275 per employee tax for large Seattle-based companies that would have helped alleviate the city’s serious homeless problem caused by businesses. like Amazon.
Over the years, Bezos has said things about charitable giving. What, “Our core business activities are probably the most important thing we do to contribute, as well as our employment in the area,” and, “I am convinced that in many cases, for-profit models improve the world more than business models. philanthropy, if you can make them work. “In 2010, he donated $ 100,000 to help beat an initiative to impose a state income tax on Washington’s wealthiest residents. for The Seattle Times. “There is almost nothing I could have predicted more accurately than the fact that Jeff would hate the idea,” said one early investor. Nick Hanauer, a sponsor of the initiative, told the outlet.
Speaking of taxes, Amazon, of course, pays very little, having avoided federal income taxes. in many years. Meanwhile, Bezos himself recently appeared on ProPublica for paying nothing in federal income taxes in 2007 and 2011, and for paying a “real tax rate” of 0.98% between 2014 and 2018. He also applied for and received a $ 4,000 tax credit for his children in 2011, when it was worth roughly $ 18 billion, ProPublica reported.
Just being human, Bezos apparently doesn’t like it when people start wondering why he doesn’t give away more of his $ 195.2 billion fortune. nach The New York Times impliedA few years ago I was a stingy jerk, Bezos Announced that he would donate $ 2 billion to philanthropic businesses, which at the time represented a small fraction of his net worth (now, it’s much less). Last year, he got engaged significantly more through the Bezos Earth Fund, although as Recode indicated in February:
Next month, Bezos will (temporarily) leave the land, after adding $ 65 billion to his net worth during the pandemic.
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