Amazon founder Jeff Bezos donated another $100 million this week, according to Securities and Exchange Filings reviewed by Forbes, but it’s unclear which nonprofit he donated to. According to an SEC filing on Tuesday, Bezos transferred 47,727 shares of Amazon stock to an unnamed nonprofit, worth a total of $118 million, based on the closing stock price on that day. Bezos does most of his philanthropy through donations of Amazon stock, which the recipient nonprofit can sell without paying capital gains taxes. Since the beginning of this year, Bezos has given away 84,030 Amazon shares worth $233 million to unidentified nonprofits, according to SEC filings.
A spokesman for Bezos did not immediately respond to a Forbes request for comment on the donation. Bezos is not required to disclose which nonprofits receive his shares, though the mogul does tend to publicly announce his large donations.
Bezos has made a few $100 million donations in recent years as he has stepped up his philanthropy. In 2021 alone, he donated $100 million to former President Barack Obama’s Foundation, as well as World Central Kitchen chef José Andrés and non-profit founder Van Jones to donate to charities around the world. your choice.
In addition, he made a $200 million pledge to the Smithsonian Air and Space Museum last July, just days before he blasted off into space on his Blue Origin rocket. Bezos has also been donating $100 million per year to organizations that help homeless families as part of his Day One Fund initiative.
One possibility is that shares awarded this year will go to environmental nonprofits as part of the Bezos Earth Fund, the Amazon founder’s $10 billion initiative to combat climate change. So far, the fund has awarded $1.4 billion since it launched in 2020, according to its website.
Although he appeared on Forbes’ list of top donors for the first time this year, Bezos’s overall giving pales in comparison to that of his ex-wife, MacKenzie Scott, who is giving away her fortune at a faster rate than anyone in history. modern. According to Forbes’ calculations, Bezos has donated $2.4 billion during his lifetime, while Scott has given five times that amount: $12.5 billion. She still has an estimated net worth of $34.3 billion. Bezos, the world’s third-richest person as of Friday afternoon, is worth an estimated $141.6 billion.
Jeff Bezos becomes the first person whose net worth exceeds $200 billion
The most extravagant individual on the planet, Jeff Bezos, is more extravagant than at any other time. Early Wednesday crossed an achievement never seen before in the almost forty years Forbes has been following total assets: With Amazon shares up 2% starting around Wednesday evening, Bezos’ total assets expanded by $4.9 billion. dollars, which makes the 56-year-elderly person the principal individual on the planet to hoard a fortune of 200,000 million bucks.
As of 1:50 p.m. Wednesday, the Amazon organizer and CEO is valued at $204.6 billion, almost $90 billion a bigger number of than the world’s second-most extravagant individual, Bill Gates, who is presently worth $116.1 billion. Dollars.
In any event, adapting to expansion, Forbes accepts Bezos’ fortune is the biggest at any point amassed. The nearest individual is Gates, who was the world’s first centillionaire. Close to the level of the website bubble, when Microsoft arrived at its top in 1999, Gates’ total assets surpassed $100 billion, generally $158 billion in the present dollars.
Driven by changing customer propensities because of the Covid pandemic, Amazon shares are up almost 80% starting from the beginning of the year, and Bezos’ total assets, which was generally $115 billion on 1 January, has shot satisfactory. Bezos’ generally 11% stake in Amazon represents over 90% of his fortune. He likewise possesses the Washington Post, the aviation organization Blue Origin, and other confidential ventures.
Bezos would be considerably more extravagant in the event that he hadn’t gone through the most costly separation settlement in history last year. At the point when he split from his ex, MacKenzie Scott, last July, he consented to give her 25% of his Amazon stake, a lump of stock now worth $63 billion. Indeed, even subsequent to offering $1.7 billion in altruistic gifts recently, Scott is as of now the fourteenth most extravagant individual on the planet and the second most extravagant lady on the planet, behind L’Oréal beneficiary Françoise Bettencourt Meyers.