- Jeff Bezos said he is spending more money on his $10 billion climate fund than Blue Origin, the space company he founded.
- While much of his fortune is going to climate issues, the Amazon founder is still fascinated by the space.
- Bezos recalled the time he made a cameo as an alien in the 2016 sci-fi movie “Star Trek: Beyond.”
Jeff Bezos may have earmarked $1 billion of Amazon stock a year to fund his Blue Origin rocket company, but he says he is spending more of his fortune addressing climate change.
During an interview at the Ignatius Forum in Washington, D.C. last week, the Amazon founder and executive chairman was asked what he would say to critics who argue that billionaires like himself should be targeted instead of targeting Earth’s climate issues. Luck should be spent more. space travel.
“They’re missing the dichotomy that we both need to do and the two things are deeply intertwined,” Bezos told Harvard Business Review editor-in-chief Adi Ignatius. “I’m actually spending even more money on the Bezos Earth Fund than I’m spending on space.”
Bezos acknowledged that there is a “tremendous amount” to be done on Earth, but to “keep growing as a civilization”, humans need to see resources developing on other planets as well.
Bezos launched the $10 billion Earth Fund in 2020 to release grants to scientists, activists and other organizations working to address climate change. So far, the fund has given out $947 million, and aims to release the remaining $9 billion by 2030.
Since stepping down as Amazon CEO in July, Bezos has been spending more time on personal ambitions such as Earth Fund and Blue Origin, as well as The Washington Post, which he acquired in 2013.
Bezos in particular is taking more time out for Blue Origin projects. Businesshala previously reported that Bezos recently doubled his weekly time commitment to Blue Origin, devoting both Tuesday and Wednesday afternoons to updates or discussions in the space company.
Bezos has long been interested in space. Upon his high school graduation, he gave a valedictorian speech stating that he wanted to “build space hotels, amusement parks, yachts and colonies for the two or three million people orbiting around the Earth.” He ended his closing speech with the words, “Space: The Last Frontier. Meet me there.” It was meant to be a crack at the “Star Trek” tagline.
Bezos played a small role in the 2016 sci-fi film “Star Trek: Beyond” as an alien.
“It wasn’t an easy gig,” Bezos told Ignatius, adding that he only spoke one line during the film. “I insisted on a speaking role which complicated the whole scenario.”
Watch: Why the Bezos Earth Fund is Putting $500 Million in Renewable Energy to Fight Climate Change