Jeff Bezos is getting slammed for his donation of $690,000 to the Australian wildfire recovery, which is less than he makes in 5 minutes
- Amazon pledged $690,000 last week to support victims of the Australian wildfires that have devastated the continent.
- However, Amazon is drawing backlash for the size of the donation, which pales in comparison to the company's $936 billion market cap.
- Amazon CEO Jeff Bezos makes more than $690,000 in five minutes.
- Critics ripped Amazon for pledging smaller donations than Facebook, Kylie Jenner, and Metallica, among others.
- One woman said she raised nearly twice what Amazon pledged by selling nude photos online.
- Visit Business Insider's homepage for more stories.
In a heartfelt Instagram post last week, Amazon CEO Jeff Bezos announced that the company will donate $690,000 to the Australian wildfire recovery effort. That's roughly how much money he makes in five minutes.Australia's wildfires have devastated the country since they began in late July, killing at least 28 people and burning more than 2,000 homes. In a blog post, Amazon said it will channel the money to relief agencies geared towards helping victims and restoring wildlife.Advertisement
The internet was quick to criticize the size of Amazon's donation, noting that it represented just a tiny fraction of Amazon's $936 billion market cap. By contrast, Facebook said it will donate $1.25 million, and celebrities including Kylie Jenner and Metallica both pledged larger donations than Amazon. Sex workers said they raised nearly double what Amazon pledged for the Australia wildfires by selling nude photos online.
Jeff Bezos alone makes roughly $78.5 billion per year, which breaks down to more than $215 million per day, or $149,353 per minute.An Amazon spokesperson did not immediately respond to a request for comment.
People reacted to Amazon's donation with ridicule over the weekend.
People pointed out that a model singlehandedly raised roughly $1 million by selling nude photos for charity last week.Advertisement
Kylie Jenner, a billionaire with a significantly smaller net worth than Bezos, said she would donate $1 million.
By the end of the week, many were calling on Amazon to pledge a heftier sum.Advertisement
- Minister of State for Railways Suresh Angadi dies of coronavirus
- Best keyboards in India
- Airbnb CEO Brian Chesky on the company's IPO— 'When the market's ready for Airbnb, it will go public'
- Best colour printers for home in India
- Roshni Nadar, Divya Gokulnath, Ameera Shah and Vinati Saraf — India’s most powerful businesswomen of 2020, according to Forbes