Amazon founder Jeff Bezos has announced that he is giving away his £105billion ($124 billion) fortune.
In a sit-down interview with CNN, the tycoon revealed that he plans to donate the majority of his net worth to charities during his lifetime.
The funds will be dedicated towards fighting climate change, as well as supporting people who can help to heal political and social divisions.
Responding to whether he intends to donate the majority of his wealth within his lifetime, Bezos said: "Yeah, I do."
Speaking alongside his partner, Lauren Sánchez, from his Washington DC home, Bezos added: "The hard part is figuring out how to do it in a levered way.
“It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar."
He did not specify where the money would be spent, nor gave an exact percentage.
Bezos is currently the fourth richest person in the world behind Elon Musk, Bernard Arnault and Gautam Adani.
He has a total net worth of £105billion ($124 billion), according to the Bloomberg Billionaires Index.
His latest announcement comes after he gave a £84.8million ($100million) prize to singer Dolly Parton for her "love and compassion in every aspect of her work".
And his pledge to donate to climate change charities follows criticism over his carbon footprint and lavish pursuits that are unhelpful to the environment.
His private Gulfstream jet was part of a queue of 400 airborne polluters that arrived in Glasgow for the COP26 conference last year.
Bezos has previously said that Amazon plans to be 100% renewable by 2025 and carbon neutral by 2040. Amazon has sought to get other companies signed up to to the 2040 pledge as well.
But the company has been criticised for its levels of carbon emissions that have risen every year since 2018.
It produced 60.64 million metric tons of carbon dioxide last year, which is the equivalent of burning 140 million barrels of oil - although this is nothing compared to the top oil companies.
