Want to help a billionaire spend his money? Amazon founder Jeff Bezos wants ideas on how to spend money on philanthropic causes

 
Rebecca Smith
The Amazon founder has taken to Twitter to get ideas for how to spend money on charitable causes
The Amazon founder has taken to Twitter to get ideas for how to spend money on charitable causes (Source: Getty)

Amazon founder Jeff Bezos hasn't exactly been short of good ideas in his time – hence the success that is his e-commerce behemoth.

Last month, Amazon shares broke $1,000 for the first time and Bezos' net worth is $82.2bn (£64.3bn), according to Forbes.

But the entrepreneur wants some help for a rather particular goal. He needs some ideas on how to spend his money on philanthropic causes.

Read more: Can investors spot the Amazon stocks of the future?

Writing on Twitter last night, Bezos said he was thinking about "philanthropy strategy that is the opposite of how I spend my time – working on the long-term".

So he's asked the good people of Twitter to pitch him ideas to help him invest in charitable causes in "the right now", and focus his philanthropic activity "at the intersection of urgent need and lasting impact".

He added: "If you have ideas, just reply to this tweet with the idea (and if you think this approach is wrong, would love to hear that too)."

Twitter users have duly responded with a range of ideas:

Many of the globe's successful entrepreneurs have looked at investing back in the world in different ways. Last month, EasyJet founder Sir Stelios Haji-Ioannou signed up to Bill and Melinda Gates' Giving Pledge that the Microsoft founder and his wife run alongside investor Warren Buffett. The super-rich who join the pledge plan to give away the majority of their wealth to philanthropic causes.

Sir Stelios, who has set up a range of businesses under the "easy" brand, is worth an estimated £1.95bn according to the Sunday Times Rich List.

“Philanthropy is different around the world, but almost every culture has a long-standing tradition of giving back,” Melinda Gates has said.

Read more: Amazon breaks $1,000 for the first time ever

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