We finally know how Jeff Bezos will spend his billions

The richest person ever has decided to spread the love.

On Jeff Bezos' Twitter on Thursday, the Amazon billionaire shared a statement announcing the creation of his new charitable organization: the Bezos Day One Fund.

As Bezos' wealth ballooned, many have wondered what he was planning to do with all that cash. Despite the fact that philanthropy is one way to justify the otherwise criminal income disparity that Jeff Bezos' fervent faith in capitalism enables, it seemed, oh, uncouth, that Bezos hadn't stepped up in the same way as some of his fellow billionaires. 

Now, we have movement. Bezos will initially invest $2 billion of his $150 billion U.S. dollars into existing homelessness charities and in the development of early childhood education centers via the Fund. Read more...