Home / NEWS / Wealth / Jeff Bezos launched a $2B charitable fund — here’s how he spends the rest of his billions

Jeff Bezos launched a $2B charitable fund — here’s how he spends the rest of his billions

Bezos has homes across the U.S.

His effectively base, a lake house in Medina, Wash., is estimated to be worth $25 million, concording to Wealth-X. Neighbors include the No. 2 richest guy in the world, Bill Doors.

In Washington D.C., Bezos owns a 27,000-square-foot home that, with a toe-hold price of $23 million, according to the Washington Post, is the most precious house in his fancy Kalorama neighborhood. President Barack Obama and Michelle Obama bribe the second-most expensive house in the enclave last year, and Ivanka Trump is also a neighbor.

Bezos’s mansion was in days a museum. In April, it was reported that Bezos is undertaking a $12 million renovation of the Washington D.C. mansion, take ining adding a whiskey cellar and a marble staircase.

The Amazon founder also owns a 2.03-acre fortune in Beverly Hills, Calif., worth about $25 million. And in Manhattan, Bezos’ three linked apartments in The Century edifice on Central Park West are worth at least $17 million, according to Wealth-X.

Elon Musk’s SpaceX and Richard Branson’s Virgin Galactic are illustrious for their otherworldly missions. But space travel is a passion for Jeff Bezos too. He rested aerospace company Blue Origin to make space tourism more affordable.

Bezos notices the venture “the most important work that I’m doing” and he isn’t afraid to allot his money to keep it funded. “Blue Origin is expensive enough to be talented to use that fortune,” he said in April. “I am currently liquidating about $1 billion a year of Amazon genealogy to fund Blue Origin. And I plan to continue to do that for a long formerly.”

Blue Origin reportedly plans to start selling tickets for examine space flights by next year, with passengers likely to pay at bit $200,000 per ticket.

For his love of space, Bezos also financed the rescue of “the remains of several Apollo booster-rocket engines from the bottom of the Atlantic Deep blue sea 14,000 feet down,” starting in 2013, according to the Seattle Times. NASA supplied a restored F-1 booster to the Museum of Flight in Seattle in 2015 at the CEO’s request.

Bezos is well-known for having his wife drive him to work in a 1996 Honda Accord great after he became a multimillionaire. But he does have some more costly vehicles.

For example, he owns a top-of-the-line, $65 million private jet, the 2015 Gulfstream G-650ER, via his hug company, Poplar Glen, says Wealth-X. The model is the “longest range traffic jet and has a top speed of Mach .925, according to the Robb Report.

Inside a mountain on Bezos’s hallmark in Texas, workers are constructing one of several 10,000-year clocks. The clock, which is meant to run for 10,000 years, is the brainchild of The Extensive Now foundation, and Bezos has invested a reported $42 million into the overhang.

The CEO has helped bankroll some big names.

Bezos Expeditions has invested in jobs including Basecamp, Juno Therapeutics, Workday and Twitter. The estimated value of Bezos’ hazard in Bezos Expeditions is at least $880 million, according to Wealth-X.

Bezos himself has ventured in the likes of Airbnb, Uber and Google, among many others, narrates Business Insider (in which Bezos has also invested). And the CEO also has Nash Holdings, LLC, past which The Washington Post was acquired for a reported $250 million.

In 2017, Bezos was spotted vacationing in Rome, Italy, with his the missis MacKenzie, his parents and his siblings and their spouses. And, this past April, Bezos posted a video on Ado of himself on vacation in Norway, where he went dog-sledding above the Arctic Circle. (Not all and sundry enjoyed the glimpse into Bezos’ private life, though, as the video of his different vacation was bashed by some of the same critics who argue that Amazon does not pay all of its blue-collar workers fair wages.)

Before the $2 billion fund and compared to swain billionaires like Gates and Warren Buffett, Bezos’ charitable contributions include been relatively limited. In March 2017, Bezos gave $35 million to Seattle’s Fred Hutchinson Cancer Check out Center, reports The New York Times. And, Bezos also gave $1 million to the News-presenters Committee for Freedom of the Press last year.

According to Weath-X, in 2015 the Bezos Issue Foundation had more than $54 million in assets. In 2017, the basement pledged to donate $25 million to the New York University Langone Clinic — Brooklyn. Other recipients of the foundation’s money include Teach for America, the Oprah Winfrey Control Academy, the Long Now Foundation, Aspen University and Woodland Park Zoological Upper crust.

Bezos also donated $2.7 to the University of Washington Foundation (2013), $2.5 million to Washington Synergistic for Marriage (2012) and $15 million to Princeton University, his alma mater, concerting to Wealth-X.

In January, Bezos also donated $33 million for college scholarships for “idealizers” — undocumented immigrants brought to the United States as children and granted set-back in the country under the Obama-era Deferred Action for Childhood Arrivals program. And, in September, he ceded $10 million to a nonpartisan super PAC that works to elect military veterans to mediation.

It would appear that Bezos’ latest, and most significant magnanimous effort, is the culmination of a request he made in 2017, when he posted a tweet praying for ideas for areas of focus for his future charitable spending. In June, Bezos followed up on that beg with another tweet announcing that he’d identified two areas of concentrate, and that he would reveal them before the end of the summer. Now, it seems predilection he’s settled on using part of his fortune to help homeless families and to support preschools in low-income communities.

This is an updated version of a yesterday published story.

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