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Jeff Bezos Donating $10 Billion Barely Dents His Surging Fortune

  • Amazon founder will remain world’s richest person after pledge
  • Bezos first stepped up philanthropy with homeless initiative
Jeff Bezos
Jeff BezosPhotographer: Andrew Harrer/Bloomberg

With a single Instagram post, Jeff Bezos pledged to become one of the most generous philanthropists in history. His gains this year have already covered the cost.

The Amazon.com Inc. founder announced on Monday that he’s created the Bezos Earth Fund to help counter the effects of climate change. The commitment is one of the largest on record after Warren Buffett’s $36 billion pledge to the Bill & Melinda Gates Foundation in 2006 and Helen Walton’s $16 billion bequest to the Walton Family Foundation in 2007, according to data compiled by the Chronicle of Philanthropy.