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The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired pre-schools in low-income and underserved communities, he said. We'll use the same set of principles that have driven Amazon.

Bezos is the world's richest person, with an estimated worth of $164 billion.

I want to close be thanking everyone who sent me suggestions, and for the inspiring examples of innovation I see every day, large and small.

Despite his fortune, Bezos has not been a major philanthropic donor and Amazon has been criticized in its home of Seattle, Washington, for doing little to address problems of the growing homeless population. An Amazon.com Inc. spokeswoman said the $2 billion will all come from Bezos.

Earlier this year Amazon played a pivotal role in diminishing and ultimately defeating a Seattle business tax to fund homelessness services and affordable housing.

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If she heeds protesters' warnings and votes against him, the money will be returned to the donors. A Republican election lawyer suggested to Newsmax that the scheme may violate federal law.


Bezos and his wife MacKenzie Bezos sit on the board of the Bezos Family Foundation, run by his parents.

The private non-profit foundation in its 2016 tax filing reported almost $46 million United States in assets, and giving away $30 million USA in grants support its missions in early education, K-12 schools reform and youth leadership development and scholarships.

Geek Wire reports that as part of Childhood Cancer Awareness month, Amazon has also rolled out a specially branded Prime Air jet and made charitable donations to two institutions working toward better awareness of childhood cancer. In the summer of 2017, Bezos tweeted a request from the masses for philanthropic ideas "at the intersection of urgent need and lasting impact".

The $2bn also falls short of the "giving pledge" initiative launched by Mr Gates and billionaire investor Warren Buffett, who have encouraged wealthy individuals to pledge half their fortunes for philanthropy.

Last year, he donated $33 million to fund scholarship for "dreamers", the name given to undocumented children of immigrants who face legal obstacles in attending college or university.


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