Jeff Bezos donates $ 100 million to the Obama Foundation

The founder of Amazon and the second richest individual in the world, Jeff Bezos, donated a staggering $ 100 million to the eponymous foundation of former US President Barack Obama, US media reported Sunday.

Bezos, 57, dedicated his donation to former congressman and civil rights icon John Lewis, who passed away in 2020. The donation implies that the Obama Foundation’s flagship project, the Barack Obama Presidential Center, is renamed John Lewis.

“Freedom fighters deserve a special place in the pantheon of heroes, and I cannot think of a more suitable person to honor with this gift than John Lewis, a great American leader and a man of extraordinary decency and courage,” he said. Jeff Bezos. in a statement Monday. “I am delighted to support the President, Mrs. Obama and her Foundation in their mission to empower and inspire the leaders of tomorrow,” he added.

Bezos, who is worth $ 210 billion, is under pressure amid investigations into Amazon’s practices, which have been accused of monopoly and anti-competitive. Lina Khan, Biden’s appointed head of the Federal Trade Commission, is reportedly investigating Amazon’s $ 8.5 billion purchase of film studio MGM (Metro-Goldwyn-Mayer). Additionally, the five congressional legislators who uphold the “End Platform Monopolies Act” and seek to stop Amazon from favoring its own products in search results are presumably a thorn in the side of Bezos.

Amazon’s stock is trading at nearly $ 3,600 a share, an all-time high that brings Amazon’s market capitalization to $ 1.81 billion.

US President Barack Obama speaks alongside First Lady Michelle Obama at a Hanukkah reception at the White House in Washington, the United States, on December 14, 2016 (credit: REUTERS).

The Obama Foundation was founded in 2014 by then-President Barack Obama. Other notable donors include Bezos’s ex-wife, Mackenzie Scott, Bill and Melinda Gates, and former Facebook president and Napster founder Sean Parker.

The Obama Foundation’s flagship project, the Barack Obama Presidential Center (and soon to be the John Lewis Center), aims to digitize the Barack Obama Presidential Library with the National Archives and Records Administration and create the first fully digitized presidential library. . The center remains under construction and will be located in Jackson Park, Chicago, near the University of Chicago campus. Construction of the center will cost about $ 700 million, according to the foundation’s estimates. The Chicago City Council has allocated $ 485 million and 19.3 acres of public land for the project, the Chicago Sun-Times reported last June.



Reference-www.jpost.com

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