Jeff Bezos says Trump is wrong to 'demonize the media'

Amazon CEO Jeff Bezos gives a rare live interview on stage at the Economic Club of Washington D.C. with private equity executive David Rubenstein

Amazon CEO Jeff Bezos gives a rare live interview on stage at the Economic Club of Washington D.C. with private equity executive David Rubenstein

It seems that Bezos is attempting to quell that chatter as he announced the launch of the Day One Fund in order to start preschools and assist homeless families. The Bezos Day One Fund will contribute to "existing non-profits that help homeless families" and fund "a network of new, non-profit, preschools in low-income communities". There will also be full scholarships for Montessori-inspired preschools in "underserved" communities, he said.

"I don't feel the need to defend Amazon", Bezos said. "But it turns out in life that your most important decisions are always made with instinct, intuition, taste, heart". After discussing the success of the Washington Post, which Bezos bought in 2013, Rubinstein asked how Bezos responds to criticism - some of which comes from Trump's Twitter feed - of Amazon and the Post. "It was a Day 1 outlook that made me reach out to ask for suggestions on approaches to philanthropy past year". Amazon has said Sanders' statements about the company were "inaccurate and misleading".

Bezos said he has had discussions with Trump but declined to elaborate.

These terms of endearment are all things Trump has said about the news media, most of which came out via his Twitter account.

I want to close be thanking everyone who sent me suggestions, and for the inspiring examples of innovation I see every day, large and small.

Jeff Bezos through the years
Jeff Bezos through the years

Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000.

He added that "we live in a society where it's not just the laws of the land that protect us.it's also the social norms that protect us".

Gates has also, with billionaire investor Warren Buffett, encouraged wealthy individuals to pledge half their fortunes to worthy causes.

He said he did not know how much money he would eventually give away. Zuckerberg's shares in the social network are now valued at about US$61 billion. Bezos was previously criticized for giving relatively little to charity.

Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and a year ago acquired the Whole Foods grocery chain. Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary's Place shelter.

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