Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny

Here’s why the world’s richest man Jeff Bezos wore pajamas to a board meeting

Jeff Bezos and his wife MacKenzie Bezos launched a US$2 billion fund to help homeless families and create a network of non-profit preschools in low-income communities.

Bezos, now the world's richest person, asked Twitter followers a year ago for ideas about how he should shape his "philanthropy strategy".

The world has been waiting for a major philanthropy announcement from Jeff Bezos for over a year.

Citing the Amazon mantra of customer obsession, Bezos said in a tweet "the child will be the customer". "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".

Even so, Amazon insisted it was "deeply committed" to tackling homelessness in Seattle and said it would continue to invest in local nonprofits that work with the homeless.

The second will operate a network of high-quality, full-scholarship Montessori-inspired preschools.

And earlier this year, under pressure from Amazon and other large employers, Seattle's city council repealed an employee head tax that would have funded housing and services for the homeless.

According to the research firm eMarketer, Amazon's e-commerce revenue will grow more than 28 percent this year to reach $394 billion, and will account for 49 percent of USA online retail sales and almost five percent of all retail spending.

Apple unveils three new iPhone models
Like the iPhone X , the new models contain Apple's Face ID feature, which lets people unlock their smartphones by looking at them. Executives made no mention of a wireless charging mat, or content deals for Apple TV, as some industry analysts had expected .

"The answer is very simple", Bezos told David Rubenstein, the president of the Economic Club, when asked about the topic.

Last year, Bezos said that he wanted to use philanthropy to help solve society's issues in the "here and now".

The newspaper says Bezos has no involvement in its news coverage.

"The media", Mr. Bezos added, "is going to be fine".

"We will build an organisation to directly operate these schools".

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

Gates has also, with billionaire investor Warren Buffett, encouraged wealthy individuals to pledge half their fortunes to worthy causes. While his and Amazon investors' wealth increases-and the company's market capitalization approaches $1 trillion-what makes the business so efficient is that relies on automation and low-priced labor.

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