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Bezos solicited ideas on Twitter previous year for ways to donate some of his wealth.

Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial $2 billion to the cause.

To raise awareness about childhood cancer, which is the second leading cause of death in the USA between kids aged 4 and 14, Amazon's Jeff Bezos wore pajamas to a meeting on Wednesday.

OnePlus 6T will ditch headphone jack but bring better battery life
Pei added that there will be "new technology" in the OnePlus 6T , which is facilitated by the removal of the headphone jack. In case you haven't guessed it already, we are talking about the 3.5mm headphone jack.

The Day 1 Families Fund will make annual awards to organizations "doing compassionate, needle moving work to provide shelter and hunger support to address the immediate needs of young families", while the Day 1 Academies Fund will start and operate a network of "full-scholarship, Montessori-inspired preschools in underserved communities", Bezos said. "Most important of those will be genuine, intense customer obsession".

Bezos made the announcement Thursday in a tweet and a post on his Instagram account. Outside of that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Center, according to the Chronicle of Philanthropy. Amazon's digital assistant Alexa has helped drive its hardware sales and is used on smart devices ranging from cars to refrigerators.

Bezos and his wife MacKenzie Bezos sit on the board of the Bezos Family Foundation, run by his parents. It previously helped the nonprofit temporarily house 200 homeless people. Amazon is designating 47,000 square feet of space at its new corporate office for a permanent Mary's Place shelter. But in the year since Amazon announced its intent to build a second headquarters in another North American city with room for up to 50,000 employees, the company's every move has been closely scrutinized in an effort to divine which city will win the extraordinary contest. In a statement, Amazon called the vote "the right decision for the region's economic prosperity".