We're excited today to announce the Bezos Day One Fund.
The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities.
Some resorted to the same argument as US President Donald Trump, who has attacked Amazon for not paying enough taxes and using US postal office as its "delivery boy". Most important among those will be genuine, intense customer obsession. In addition to Amazon, my area of focus so far have included investment in the future of our planet and civilization through the development of foundational space infrastructure, support of American democracy through stewardship of the Washington Post, and financial contributions to the dedicated and innovative champions of a variety of causes, from cancer research, to marriage equality, to college scholarships for immigrant students, to decreasing political polarization through cross-partisan support of principles, next-generation military vets running for Congress.
Mr Bezos, whose Amazon fortune has made him the world's richest person, added that he has had "a couple of conversations" with Mr Trump, but declined to say what was discussed.
His net worth has risen by US$64.7 billion this year alone as Amazon's shares surged. In 2010, Buffett and Gates created the Giving Pledge, which calls on billionaires to pledge the majority of their wealth to charity. The Amazon CEO began crowdfunding ideas on how to spend his considerable wealth back in June, and the lack of specific details, from him or his team, suggests the Day 1 Fund announcement is less a honest move into philanthropy than another salvo in Amazon's ongoing charm offensive - which famously involved astroturfed PR bought with gift cards.
The missive set off a frenzy of responses, including pleas to support health care, loan forgiveness and even offbeat appeals to back a leather fetish museum in Chicago.
Until now, Bezos, 54, had only taken small steps into philanthropy.
The Bezos Family Foundation, best known for supporting children's education, has been largely funded by his parents from Amazon holdings they acquired as early investors in their son's enterprise.
Bezos' announcement comes on the heels of a number of high-profile philanthropic efforts by the country's tech billionaires.
"People are interested in trying to help the world in so many different ways", he said. "Jeff Bezos is our enemy, he is our enemy", Sawant said before the council voted.
An Amazon spokesperson confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.
Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000. "If you can give somebody a leg up when they're 2, 3 or 4 years old, by the time they get to kindergarten of first grade, they're much less likely to fall behind". Zuckerberg's shares in the social network are now valued at about US$61 billion.