Billionaires

Jeff Bezos: world's richest man pledges $10bn to fight climate change

Bezos said the money would finance work by scientists, activists and other groups
Amazon boss Jeff Bezos has pledged $10bn (£7.7bn) to help fight climate change. The world's richest man said the money would finance work by scientists, activists and other groups. He said: "I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change." Writing on his Instagram account, Mr Bezos said the fund would begin distributing money this summer. Mr Bezos has an estimated net worth of more than $130bn, so the pledge represents almost 8% of his fortune. For more, Newsday has been speaking to Elizabeth Jardim, a Senior Campaigner at Greenpeace USA.

(Photo: Amazon and Blue Origin founder Jeff Bezos. Credit: Getty Images)

Should we ban billionaires?

It is time to curb extreme wealth?
Excluding dictators and royalty, there are around 2,000 people in the world who are billionaires. Some inherit wealth while others might build fortunes through inventions, businesses or investments. Some say individuals holding onto extreme amounts of money is wasteful because it could be diverted to other areas that would benefit more people such as education and healthcare. Others reason than some billionaires should keep what they have because they drive economic growth and inspire others to innovate. Are billionaires the right focus or should attention move to the systems and processes that enable them to make and keep huge amounts of money?    

Contributors: 
Dr Paul Segal, Senior Lecturer in Economics, King’s College London
Roxanne Roberts, Reporter, Washington Post
Caroline Freund, Global Director of Trade, Investment and Competitiveness, the World Bank
Will Wilkinson, Vice President for research at the Niskanen Center

Presenter: Celia Hatton
Producer: Charmaine Cozier
Billionaire John Caudwell goes head-to-head with Labour's John McDonnell
John Caudwell goes head-to-head with the shadow chancellor after he stated that nobody needs or deserves to be a billionaire.
What does a billion pounds actually look like?
The number is thrown around a lot, especially during election campaigning - but what does it mean?