Jeff Bezos donates $123m to homeless Americans

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American billionaire business mogul and philanthropist, Jeff Bezos has donated $123 million to charitable organisations to cater for homeless people in the United States.

Bezos made the announcement via Instagram on Tuesday that he has recently awarded 40 grants as part of his Bezos Day 1 Families Fund initiative, which he launched in 2018, Bloomberg reports.

The aids are a portion of a $2 billion total commitment to combat homelessness.

The Amazon boss, in a recent exclusive interview with CNN, said he planned to give a larger portion of his $124 billion net worth during his lifetime.

He revealed that the charitable donations from the bulk of his fortune would also be given to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.

The announcement marked the first time the billionaire made plans to give away most of his money.

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