Jeff Bezos’ Blue Origin space venture has been getting a lot of press lately, but the Amazon founder and chairman says he’s spending more money nowadays on Earth’s environmental welfare through his Bezos Earth Fund.
Four and a half years ago, Bezos told reporters that he was selling about a billion dollars’ worth of his Amazon stock on a yearly basis to put toward Blue Origin.
But at least for the time being, he says that’s trumped by his $10 billion, 10-year commitment to the Bezos Earth Fund, which distributes grants to projects around the globe. During this month’s U.N. climate summit in Scotland, the fund announced a $2 billion round of grants supporting land restoration and food production.
Bezos cited the funding during last week’s Ignatius Forum at the Washington National Cathedral in D.C. as evidence that he wasn’t just a starry-eyed billionaire with no concern about Earth’s welfare.