Amazon founder Jeff Bezos pledges to give away most of his wealth
1–10 of 136 posts
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#2Bill Gates pledged the same and yet his wealth hasn't reduced. Worse, the philanthropy has been targetted ideologically (like encouraging private schools) and somehow keeps ending up favouring companies he has ownership in.
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#3Billionaire philanthropy is mostly just another tax shelter.
https://thehighasia.com/private-charity-just-another-scam-fo...
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#4Realistically how can he do that without tanking the stock price? He owns 100B in Amazon stock. Anyone with knowledge care to chime in on how he could ever access it? For comparison, Vanguard and Blackrock (shares owned by little folks like us) own 69B and 59B.
Mackenzie, his ex-wife, owns 33B and has pledged to give hers away as well on The Giving Pledge.
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#5Pledge is a strong word for what he actually said. He has really expressed intent rather than promising.
Asked by CNN whether he intended to give away most of his wealth within his lifetime, Mr Bezos told the network: "Yeah, I do."
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#6Bill Gates pledged the same and yet his wealth hasn't reduced. Worse, the philanthropy has been targetted ideologically (like encouraging private schools) and somehow keeps ending up favouring companies he has ownership in.
Why should his wealth reduce?
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#7Billionaires really don't like being loathed do they?
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#8Bill Gates pledged the same and yet his wealth hasn't reduced. Worse, the philanthropy has been targetted ideologically (like encouraging private schools) and somehow keeps ending up favouring companies he has ownership in.
That's cuz saying you want to give it away is not a simple thing, when most people around you only have the skills to accumulate it or spend it on themselves.
Not to mention all the pond scum it draws in that has to be constantly filtered out.
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#9Realistically how can he do that without tanking the stock price? He owns 100B in Amazon stock. Anyone with knowledge care to chime in on how he could ever access it? For comparison, Vanguard and Blackrock (shares owned by little folks like us) own 69B and 59B. Mackenzie, his ex-wife, owns 33B and has pledged to give hers away as well on The Giving Pledge.
He can give the shares away directly. Start a charitable foundation, give the shares to the foundation, and then the foundation can liquidate slowly (over decades if need be) to access capital.
Re: Amazon founder Jeff Bezos pledges to give away most of his wealth
#10Probably going into a “donor advised fund” which allows bezos to claim a multibillion dollar tax break for a lifetime without having to prove the money was actually spent towards a cause.