Jeff Bezos Generates His £532,000 Australian Bushfire Donation In Less Than 5 Minutes
Amazon CEO Jeff Bezos has donated £523,000 to Australian bushfire relief efforts – the same amount he makes in less than five minutes.
Bezos is the most recent billionaire to contribute towards relief for the crisis that has been afflicting Australia since September last year.
The 56-year-old businessman took to Instagram to share the news of his donation.
The post read:
Our hearts go out to all Australians as they cope with these devastating bushfires. Amazon is donating 1 million AU dollars in needed provisions and services. Find more about it and learn how customers can help as well.
Despite the donation, Bezos – the world’s richest man – has faced a backlash for not donating more, and also because he makes the same amount as he donated within five minutes.
One person tweeted:
Jeff Bezos is worth ~$116 billion. This is approximately 0.00059% of his fortune. If you had $50,000, this would be the equivalent of donating less than $30. And winning headlines for it
Another Twitter user said:
This may sound horrible, but $690,000 is a pittance for #JeffBezos. That’s like me putting $2 into the Salvation Army bucket. Cheap billionaire.
According to Business Insider in 2018, Bezos’s wealth grew by $78.5 billion, which breaks down to more than $215 million a day, or $149,353 per minute.
That figure is an estimate based on how much his net worth increased from 2017 to 2018, and doesn’t reflect Bezos’s exact salary from Amazon. Much of Bezos’s wealth is tied to Amazon stock, which fluctuates in value.
Per hour, he makes a whopping $8,961,187 — that’s roughly 315 times Amazon’s $28,466 median annual worker’s pay. An Amazon worker earning the $15 minimum wage would need to work about 597,412 hours, or 24 hours a day for about 68 years, just to earn what Bezos makes in one hour.
Whether the donation is a dent in Bezos’s income or not, I think the important thing we should focus on is the world coming together to try help Australia in any way they can.
You can also donate to the WWF Australia Bushfire Emergency fund here.
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