Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

Lloyd Doyle
September 14, 2018

The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. The first one, "The Day 1 Families Fund" will provide grants to organizations and groups that help accommodate homeless families, while "The Day 1 Academies Fund" will run a network of Montessori-based nurseries in impoverished communities.

"If our own great-grandchildren don't have lives better than ours, something has gone very wrong", Bezos wrote on Twitter announcing the fund.

"We'll use the same set of principals that have driven Amazon", wrote Bezos of the preschool management. After discussing the success of the Washington Post, which Bezos bought in 2013, Rubinstein asked how Bezos responds to criticism - some of which comes from Trump's Twitter feed - of Amazon and the Post. Public donations by the 54-year-old Bezos have been rare, and - with exceptions like a $35 million family donation to the Fred Hutchinson Cancer Research Center - typically on a scale far smaller than the two men just behind him in the wealth rankings, Microsoft co-founder Bill Gates and Berkshire Hathaway's Warren Buffett.

Later, Bezos told a Washington gathering that the $2 billion was only a start and that he would likely expand his philanthropic efforts.

The fight soured many more locals on Amazon and Bezos, and also overshadowed the growing portfolio of philanthropy they had done in the city. At the time, he said he was interested in projects that address urgent need but also produce lasting impact.


What Trump "should say [of criticism] is, 'This is right, this is good".

"If you're the president of the United States, you don't take that job thinking you're not going to be scrutinized", Bezos said, adding that he'd had "a couple of conversations" with Donald Trump, though he declined to elaborate.

Many were eager to hear any hint of where Bezos had chose to put Amazon's second headquarters, with multiple locations in the Washington region in contention. "We're going to push through this". Bezos calls the endeavor a blend of business and charitable work and hopes that one day we can move industrial activities off Earth, preserving it as a place to live and do less harmful activities. "Most important of those will be genuine, intense customer obsession".

"It's unsafe to demonize the media", Bezos said.

How does Jeff Bezos, the richest person alive, spend his billions?

Other reports by Iphone Fresh

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