Jeff Bezos to give away most of his $124billion net worth to climate charities

Jeff Bezos has announced that he will be giving away most of his $124 billion fortune to charities fighting climate change — adding that philanthropy is “very hard.”

The Amazon founder said he wants to support people who can unite humanity and heal deep social and political divisions.

The tycoon did not provide details on the exact charities he will donate to or how much he will give or when during an interview with CNN.

Alongside his partner Lauren Sanchez, the businessman said they are “building the capacity to give this money away.”

Bezos confirmed he will donating most of his wealth during his lifetime, saying, ‘The hardest part is figuring out how to do it on leverage. It’s not easy, building Amazon wasn’t easy.

“It took a lot of hard work, a bunch of very smart teammates and I find that philanthropy is very similar – it’s not easy, it’s very difficult.

“We are building the capacity to be able to give this money away. There are a lot of ways I think you can do ineffective things too.

“So you have to think about it carefully and you have to have brilliant people on the team.”

The tycoon also revealed that he gave a $100 million award to singer Dolly Parton for her “love and compassion at work”

Previously, Bezos was criticized for not signing the Giving Pledge, which consists of hundreds of the world’s richest people to donate the majority of their wealth to charities.

The fourth richest person in the world declined to say exactly how much he would give away, or where it would likely be spent.

He has refrained from setting a target amount to give away during his lifetime and has committed $10 billion over 10 years, or about 8 percent of his current wealth, to the Bezos Earth Fund.

Bezos also explained why he handed Dolly Parton $100 million for her “love and compassion at work” — and announced the award Friday.

He said, ‘Look at what she’s done and how she’s lived her life. The way she has done it is by doing bold things, always with politeness and kindness.

“She’s a union, we have big problems in the world and the way big problems are handled is that you have to work together.”

The tycoon did not provide details on the exact charities he will donate to or how much he will give or when during an interview

“I’ve always said, I try to put my money where my heart is,” the country legend said when she accepted her award. ‘I’m going to do my best to do good things with this money’

The Jolene Singer Foundation – Dolly Parton’s Imagination Library – has gotten books into the hands of 1 in 10 children in the US. It also serves the UK, Ireland, Australia and Canada.

Sanchez added: “When you think about Dolly, everyone smiles. All she wants to do is bring light to other people’s worlds.

“That’s all, so we couldn’t have come up with a better person than to give this award.”

His approach is drastically different from that of his ex-wife, MacKenzie Scott, who gave away nearly $4 billion to 465 organizations in less than a year.

Sanchez said on Instagram that Parton is “a woman who gives with her heart and leads with love and compassion in every aspect of her work.”

Parton said in a video clip of the ceremony that was posted online: “Wow! Did you say $100 million?’

‘I think people who can help should put their money where their heart is. I will do my best to do good things with this money.’

Parton, 76, a country, pop, and gospel singer-songwriter, whose songs include “I Will Always Love You,” “Jolene,” and many other hits over the decades, has been a longtime philanthropist.

She donated $1 million to Vanderbilt University’s Medical Center to help develop a vaccine during the COVID-19 pandemic.