Jeff Bezos donates $100 million to Obama Foundation

The richest man in the world has backed the Obama Foundation to the tune of $100 million dollars, according to a recent report from The New York Post

Bezos requested with his foundation that Obama rename the at his Chicago presidential center after the late Congressman and civil rights advocate John R. Lewis, according to a statement from the Obama Foundation.

The Post reported that according to a release sent to them about the donation, Bezos is supposedly “thrilled to support President and Mrs. Obama and their Foundation in its mission to train and inspire tomorrow’s leaders.” 

While the total amount of the donation is substantial, the Post put it in perspective by comparing the nine-figure gift with another of Bezos recent purchases and his total net worth:

“Bezos’ $100 million donation — which represents less than 0.1 percent of his estimated $210 billion fortune — is the largest individual contribution ever received by Obama’s foundation,” the Post reported. “It’s also one-fifth of the reported $500 million Bezos recently spent on a yacht.”

To put that in terms that might be somewhat easier to understand, if a regular John Doe were to go purchase a pretty nice 2022 bass boat they might pay between $15,000 and $20,000 upfront. This means that for perspective, it would be somewhat like that person donating $3,000, and received naming rights to a park in return. 

This donation came as Amazon.com, Bezos massive online selling platform, is struggling under the weight of troubles with the Biden Administration. 

“Bezos’ buddying with Obama comes as Amazon clashes bitterly with the Biden administration over antitrust issues. Lina Khan, the Biden-appointed chief of the Federal Trade Commission, has a long history of blasting what she says are anticompetitive practices by Amazon and is reportedly probing the company’s $8.5 billion purchase of movie studio MGM,” the Post reported. 

According to Puck News, who first reported the donation, the massive transfer was arranged by former Obama press secretary and Amazon’s current public policy and public relations chief Jay Carney.