Amazon's Bezos says Trump should be 'glad' of media scrutiny

Amazon's Bezos says Trump should be 'glad' of media scrutiny

"If our own great-grandchildren don't have lives better than ours, something has gone very wrong", said Bezos in a statement shared on Twitter. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

While he has financially supported cancer research and scholarships for immigrants, among other causes, Mr Bezos has primarily devoted his fortune to his Blue Origin rocket company, which he described on Thursday as an "investment in the future of our planet through the development of foundational space infrastructure".

Trump has repeatedly said without evidence that package deliveries by the US Postal Service for Amazon were costing the service money.

Within this, the "Day 1 Families Fund" will support existing non-profit organizations that offer shelter and food to young homeless families.

Bezos, and Amazon, have been criticized in Seattle for not doing more to help the needy and have become focal points in the booming region's angry debate about traffic, housing prices and homelessness.

"All big institutions of any kind are going to be and should be examined, scrutinized and inspected", he said. The most notable involving more than $40 million U.S. to the local nonprofit FareStart - a hospitality training program and restaurant business that aims to combat homelessness and poverty - and Mary's Place, whose mission to find and provide shelter for every child.

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Mr Jeff Bezos, founder of Amazon and owner of the Washington Post newspaper, warned on Thursday (Sept 13) that President Donald Trump's attacks on the media are risky for the country.

The "Day 1 Academies Fund" will start an organization to operate a new network of full-scholarship pre-schools for low-income communities. "But it is really risky to demonize the media.

Never have I been more comfortable at an Amazon board meeting!", Bezos' post read.

"We're hoping that local, state and federal governments see this as a call to invest more in preschool and childcare", he said. Neither was aware of any information beyond what was disclosed by Bezos, and both said their organisations had not been asked to advise the use of the Day 1 funds. "The secret sauce of Amazon - the number one thing that has made us successful has by far is obsessive, compulsive focus on the customer".

"The customer is going to be the child", Bezos said.

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

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