He said on Thursday that the "Bezos Day One Fund" will contribute to "existing nonprofits that help homeless families" and also fund "a network of new, nonprofit, tier-one preschools in low-income communities".
More than two decades later, Amazon earns more than $177 billion annually, while Bezos has a personal net worth of more than $160 billion and various side projects, including the space tourism firm Blue Origin and ownership of the Washington Post. Part of the US$2 billion donated by Bezos will be spent "to provide shelter and hunger support to address the immediate needs of young families".
The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities. Amazon's Jeff Bezos attended a board meeting in pajamas to raise awareness about childhood cancer, which is the second leading cause of death in the USA between kids aged 4 and 14. The Bezos Family Foundation, which is best known for its support of children's education, has been largely funded by his parents from Amazon holdings they acquired as early investors in their son's enterprise.
Bezos said it is "healthy" for society to be "worried about big institutions" and agreed that they "should be examined, scrutinized, inspected". It was the result, he said in a statement, of a months-long campaign to solicit philanthropic ideas from the public.
He also repeated a previous mantra that Amazon's secret sauce is "obsessive compulsive" focus on the consumer, rather than its competitors.
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Some of the world's richest people have begun giving away their wealth while still running companies, while others embrace philanthropy full-time after stepping away from day-to-day business.
Bezos said he has had discussions with Trump but declined to elaborate.
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 so-called Day One Fund will be multi-billionaire businessman's most significant foray into philanthropy to date.
"We're hoping that local, state and federal governments see this as a call to invest more in preschool and childcare", he said. This year, Gates also announced it was taking up systemic poverty in the U.S. Last night, Bezos once again affirmed that he has not "feel the need to defend Amazon" from the president's criticism. Some activists and politicians have partly blamed the city's problems on Amazon.