Amazon's Bezos says Trump should be 'glad' of media scrutiny

Amazon CEO Jeff Bezos

But even though Bezos was mum on headquarters news, he did perhaps reveal some insight into his decision-making process as he explained how he chose to commit $2 billion in charity to help homeless families and boost early childhood education. The fund will be split between Day 1 Families Fund and Day 1 Academies Fund.

The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities.

He said the schools would "use the same set of principles that have driven Amazon" and that "the child will be the customer". "Most important among those will be genuine, intense customer obsession", he tweeted.

Interviewed by the club's president, Carlyle Group co-founder David Rubenstein, Bezos also discussed his new charitable commitments, defended the media and his purchase of the Washington Post, and disappointed the D.C. -connected audience by declining to reveal a winning city for Amazon's second headquarters.

Bezos asked for suggestions for philanthropic focuses in a tweet a year ago. At the time, he said he was interested in projects that address urgent need but also produce lasting impact. "They're still going to want a big selection".

"Never have I been more comfortable at an Amazon board meeting!" he wrote on Instagram.

"I've never sought that title", Bezos said.

More news: Canada backs British claims Russian officials approved spy's poisoning

Bezos hasn't said how much he'll be contributing to the fund in coming years.

More than a year after putting out an open call for suggestions about what to do with his spectacular wealth, Jeff Bezos has come back with a decision.

Gates did not fully throw himself into philanthropy until he stepped down as CEO of Microsoft in 2000.

"We live in a society where it's not just the laws of the land that protect us", he added. Zuckerberg's shares in the social network are now valued at about US$61 billion.

The $2bn also falls short of the "giving pledge" initiative launched by Mr Gates and billionaire investor Warren Buffett, who have encouraged wealthy individuals to pledge half their fortunes for philanthropy. Alibaba owns the South China Morning Post.

Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and previous year acquired the Whole Foods grocery chain. It previously helped the nonprofit temporarily house 200 homeless people.

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