When the richest man in the world wears pajamas to a board meeting, it is sure to turn heads - but Jeff Bezos had a very important reason for doing so.
The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities.
Philanthropy experts called Bezos' approach direct and pragmatic, but said its success would depend largely on how the money was allocated and how willing the billionaire was to make changes along the way.
Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities.
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He added that "we live in a society where it's not just the laws of the land that protect us.it's also the social norms that protect us".
Trump has repeatedly said without evidence that package deliveries by the US Postal Service for Amazon were costing the service money.
He has given $1.5 billion to Blue Origin, his company developing technology for space travel.
Bezos is worth $164 billion, according to the Bloomberg Billionaires Index, a sum mostly derived from the about 16 percent stake in Amazon that he owns. In January, Bezos also personally gave $33 million United States in college scholarships for young immigrants living in the USA illegally.
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He has also made donations for cancer research and to Princeton University, his alma mater. The Washington Posts top editor has said that Mr. Bezos has no involvement in its news coverage.
Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and past year acquired the Whole Foods grocery chain. "So when someone like Jeff Bezos admirably steps into the area of giving, it's helpful but we also have systematic problems in wages and labor, healthcare and education, that need to be addressed at the root". The company's approach has changed a bit in recent years with the growth of its public-relations and corporate-affairs group, and Amazon has moved to consolidate scattered philanthropy initiatives underway and offer official support for more.
His private ownership of The Washington Post, which has published articles critical of the White House, has also put him at odds with U.S. President Donald Trump.
Amazon has come under heavy criticism for how workers are treated at its distribution centres and its tax contributions.
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Amazon has announced 20 finalists in North America for its planned investment of $5 billion and 50,000 jobs.