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Billionaire Jeff Bezos names 16 grant recipients of the Bezos Earth Fund

It may not be enough to save the world, but it’s a lot of money.

Billionaire Jeff Bezos names 16 grant recipients of the Bezos Earth Fund
[Photo: Micheile Henderson/Unsplash]
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We know that it takes Jeff Bezos only about a minute to add nearly $150,000 to his net worth, so it’s no surprise that he has a surplus of cash. Back in February, the Amazon founder and CEO announced that he’d set aside $10 billion (yes, with a B) to create the Bezos Earth Fund in an effort to combat climate change.

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Today, we learned where the first dollars will be put to use.

In an Instagram post (also reported by CNBC), Bezos revealed that 16 initial recipients of the Earth Fund will land a combined $791 million. Among the grantees, the following five will receive $100 million:

  • The Nature Conservancy
  • Natural Resources Defense Council
  • Environmental Defense Fund
  • World Resources Institute
  • World Wildlife Fund

However, as Fast Company’s Adele Peters noted in February, “The money isn’t nearly enough to fund the massive transition that the world needs.” A Morgan Stanley report last year estimated that “we’ll need to invest $50 trillion to reach net-zero emissions by 2050, including $14 trillion poured into renewables and $11 trillion to build electric cars and charging infrastructure.”

You can see the full list of named recipients here.

About the author

Lydia Dishman is a reporter writing about the intersection of tech, leadership, and innovation. She is a regular contributor to Fast Company and has written for CBS Moneywatch, Fortune, The Guardian, Popular Science, and the New York Times, among others.

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