With a $10 Billion Fund, Jeff Bezos Can Control the Planet’s Future

With a $10 Billion Fund, Jeff Bezos Can Control the Planet’s Future

4 years ago
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https://www.wired.com/story/jeff-bezos-control-planet-future-10-billion-fund/

Amazon CEO Jeff Bezos may very well have fundamentally changed the fight against climate change this week. In an Instagram post Monday, the world’s richest man committed $10 billion of his personal fortune to set up the new Bezos Earth Fund, which would support “scientists, activists, NGOs—any effort that offers a real possibility to help preserve and protect the natural world.” The announcement was light on specifics, and it’s not clear yet how the money will be spent. But climate experts say it’s a massive investment that could help give the warming planet a fighting chance—so long as it isn’t squandered.

Ten billion dollars may not seem like a sizable sum for people in the market to buy a couple of football teams, but it's an almost unfathomable amount of money for climate change research and activism. It dwarfs the $4 billion that 29 philanthropic organizations pledged to fighting climate change in 2018, in what was called the largest investment of its kind at the time. It’s so much money that it will likely be difficult to spend on existing researchers and organizations, as The Atlantic noted. Bezos could fund 2,857 Duke University professors indefinitely, or almost three times the number of tenured professors at Yale, for example.

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