Staying true to his promise of giving back, centibillionaire Jeff Bezos has donated $123 million to organizations that fight homelessness.

Via Instagram / @jeffbezos

Jeff Bezos is proving to be a man of his word. After announcing he plans to give away his $115.6 billion fortune during his lifetime, the Amazon co-founder has acted on his promise. The entrepreneur’s rendezvous with philanthropy commenced with giving away a whopping $123 million to 40 organizations in 26 US states and Puerto Rico. Ranging from $600,000 to $5 million, the donations are effective immediately and are part of a $2 billion total commitment to fighting homelessness, the Day One Fund said Tuesday in a statement.

Based in Oklahoma City, Home Alliance received $2.5 million from The Bezos Day One fund.Via Facebook / @The Homeless Alliance

Bezos promised in an interview with CNN that he plans to donate his wealth during his lifetime without specifying how and when. The centibillionaire hoped the generous donations would “help families move from unsheltered homelessness and shelters to permanent housing with the services they require to achieve stability.” Bezos stated, ‘The hard part is figuring out how to do it in a levered way. It’s not easy – building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates and I’m finding that philanthropy is very similar – it’s not easy it’s very hard.’

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The San Diego Regional Task Force on Homelessness received $5 million from the Bezos Day One Fund.Via Facebook / @Regional Task Force on Homelessness

He added, ‘We are building the capacity to being able to give away this money. There are a bunch of ways that I think you could do ineffective things, too. So you have to think about it carefully and you have to have brilliant people on the team.’ Who better to learn about philanthropy than your ex-wife, mega-donor MacKenzie Scott, Mr. Bezos? The author has raised the bar and how by giving away $2 billion to almost 350 organizations in just seven months.

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.