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·         Amazon CEO Jeff Bezos's Net Worth Tops Pre-Divorce Height: Bloomberg Index

·         Amazon Pledges To Invest $2 Billion To Protect The Planet



Amazon CEO Jeff Bezos's Net Worth Tops Pre-Divorce Height: Bloomberg Index


Neer Varshney, Benzinga

July 02, 2020


Amazon Inc. Chief Executive Officer Jeff Bezos's net worth hit an all-time high on Wednesday, topping the pre-divorse levels, according to the Bloomberg Billionaires Index.


The e-commerce company's founder is now worth $171.6 billion, after Amazon shares closed nearly 4.4% higher at $2,878.80 in the day.


Bezos's previous record was a net worth of $167.7 billion -- reached in September, 2018, according to Bloomberg.


The 56-year old's wife MacKenzie Bezos had received about 19.7 million Amazon shares as part of their divorce settlement in July last year.


Mackenzie Bezos's shares are worth about $56.9 billion on Wednesday, making her the second richest woman and the twelfth richest person overall on the Bloomberg index.


Amazon's stock has seen a massive surge this year, adding $56.7 billion to Bezos's net worth so far, as the novel coronavirus (COVID-19) pandemic increased the demand for some of its core services, including the e-commerce segment, cloud computing business, and streaming video on demand service Prime Video.


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Amazon Pledges To Invest $2 Billion To Protect The Planet


by Johnna Crider, Clean Technica 

July 1st, 2020


Amazon announced last week that it had created a $2 billion climate pledge fund that it will use to invest in companies that build products, services, and technologies that will decarbonize the economy and protect the planet. This fund is known as The Climate Pledge Fund and will support the development of sustainable technologies and services that help Amazon to meet The Climate Pledge.


The Climate Pledge is a commitment to be net-zero carbon by 2040 and is cofounded by Amazon and Global Optimism. The goal is to reach the Paris Agreement 10 years early. Verizon, Reckitt Benckiser, and Infosys have recently joined the pledge, which hopes to achieve its goal by accelerating investment in innovations for the zero-carbon economy of the future.


“The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably. Companies from around the world of all sizes and stages will be considered, from pre-product startups to well-established enterprises. Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations.” — Jeff Bezos, Amazon Founder and CEO


The types of companies that The Climate Pledge Fund will invest in are: