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

“Never have I been more comfortable at an Amazon board meeting!” he wrote on Instagram

“Never have I been more comfortable at an Amazon board meeting!” he wrote on Instagram

Amazon founder and chief executive Jeff Bezos said Thursday he was not anxious about the potential for anti-trust scrutiny of the company as it becomes an important economic force.

Bezos a year ago surpassed Microsoft Corp.co-founder Bill Gates to become the wealthiest man in the world, in large part because of his 16% stake in the company. The first one, "The Day 1 Families Fund" will provide grants to organizations and groups that help accommodate homeless families, while "The Day 1 Academies Fund" will run a network of Montessori-based nurseries in impoverished communities. "Most important among those will be genuine, intense customer obsession", he tweeted. "In the caption, he wrote, "September is Childhood Cancer Awareness month", he further wrote that Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease".

Amazon CEO Jeff Bezos has mounted a vigorous defence of press freedom, saying President Donald Trump should be "glad" to face media scrutiny.

The staggering fortunes of the likes of Bezos, Gates and Facebook CEO Mark Zuckerberg have created a second Gilded Age in the United States and "a new generation of megagivers", Callahan said.

Last week, Jack Ma, founder of Alibaba and China's richest man, announced plans to step down and focus more on a new foundation that he said was inspired in part by Gates' example.

"It's risky to demonize the media", Bezos said.

Earlier this year Amazon played a pivotal role in diminishing and ultimately defeating a Seattle business tax to fund homelessness services and affordable housing. Amazon, it should be said, has responded to these claims before, calling them "inaccurate and misleading". "We will build an organization to directly operate these schools", he added. The Amazon founder's net worth is estimated to be more than $163 billion, making him both the richest person on the planet and the richest in modern times. It's also social norms that protect us.

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. Alibaba owns the South China Morning Post.

Bezos thanked people for sending in suggestions about what he should spend money on.

Bezos's personal wealth has soared with the value of Amazon, whose stock price has doubled over the past year with its expansion into new sectors and geographies.