Amazon CEO Jeff Bezos plans to spend the $ 10 billion he has invested in the Bezos Earth Fund by 2030, ABC reported.
According to fund's director Andrew Steer, Bezos's goal is to utilize all the funds he invested in the project over the next 10 years - about $ 1 billion a year.
“The Earth Fund will invest in scientists, NGOs, activists, and the private sector to help drive new technologies, investments, policy change and behavior,” Steer tweeted. “We will emphasize social justice, as climate change disproportionately hurts poor and marginalized communities.”
Earlier, Bezos said that he has high hopes for Steer's activities as a project manager, given his previous scientific and environmental work, highly assessed by experts.
In a statement, Steer said he felt “incredibly fortunate” to join the fund.
“I will focus on driving systemic change to address the climate and nature crises, with a focus on people,” he said. “Too many of the most creative initiatives suffer for a lack of finance, risk management or the right partnerships. This is where the Earth Fund will be helpful.”
In February, Bezos announced that he would step down as Amazon CEO in the third quarter of this year and take over as executive chairman of the board of directors, focusing primarily on philanthropic and academic activities. According to Bezos, the company's good financial performance and strong position allow him to do this.
Currently, Bezos is the richest man in the world, despite his divorce in 2019 from his wife, who got a 4% stake in Amazon. The 57-year-old entrepreneur, who owns 11.1% of the company's shares, is estimated at $ 170-180 billion.