Second World’s Richest Man Donates $98.5 million To Help Homeless Families

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Jeff Bezos, the second richest person in the world announced he has donated $98.5 million to 32 organisations in 23 states to help homeless families. The billionaire’s charity foundation, the Bezos Day 1 Fund launched in September 2018, gifted each organisation with a range of $1.25 million to $5 million. According to a report by CNBC, this is the second round of the Bezos Day One Families Fund annual leadership awards after the billionaire launched the organisation.

This year’s grantees include long-standing non-profits such as the Homeless Services Network of Central Florida, which received the largest grant of $5.25 million. While Bezos has posted on Instagram several times in 2018 about visiting Montessori-inspired schools, no official announcement has been made regarding creating a network of preschools.