Amazon’s CEO and world’s richest man, Jeff Bezos, announced in a tweet on Sunday that he had contributed $100 million to the Obama Foundation.
I’m excited to announce that my family and I have donated $100 million to the Obama Foundation. Helping kids see their world through new eyes has always inspired me, and I hope it continues to inspire future generations. https://t.co/uDmtOcJs2U — Jeff Bezos (@JeffBezos) August 5, 2018
The foundation was established by former President Barack Obama and Michelle Obama in 2015. It is dedicated to the vision of helping to improve the lives of millions of children in the United States and abroad.
The donation joins other gifts to the Obama Foundation and the Obamas’ nonprofit, Obama Foundation. Earlier this year, Penguin Random House paid the Obamas $41 million for the right to publish the former president’s memoirs. The book, which was released in November, rose to number one on The New York Times and Publishers Weekly bestseller lists. The Obamas also received $20 million for a deal with Amazon for Obama’s portrait.
Earlier this year, Mr. Bezos, who also made headlines when he purchased The Washington Post, posted on Twitter that he was “proud to serve as an adviser and board member” for the foundation.
I’m proud to serve as an adviser and board member for @ObamaFoundation. Helping kids see their world through new eyes has always inspired me, and I hope it continues to inspire future generations. https://t.co/uDmtOcJs2U — Jeff Bezos (@JeffBezos) February 26, 2018
Here is a short slideshow of what The New York Times’ Nieman Lab described as Amazon’s “powerful and controlling grip” on the U.S. economy.
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