The tech mogul, who now runs private space company Blue Origin, is the fourth richest man in the world after Elon Musk.
According to CNN, he plans to give away most of his £110 billion ($124 billion) fortune.
The billionaire has always avoided questions about what he will do with his money, but told the American news channel he will give most of it away during his lifetime.
The bulk of his wealth will go to fighting climate change and, the report says, supporting people who can unify humanity in the face of deep social and political divisions.
Many people have queried why Bezos hasn’t signed up to the Giving Pledge – a promise made by extremely wealthy people (like Bill Gates and Warren Buffet) to give away their cash.
Instead, it seems like Bezos wants to go it alone.
Jeff Bezos became a billionaire just a few years after launching Amazon as an online bookstore in 1994. In 1998, he had a net worth of $1.6 billion.
His wealth hit eleven figures in 2010, reaching £12.6 billion according to Forbes, before quickly multiplying.
Bezos became the richest person in the world in 2017, 23 years after he founded Amazon as an online bookstore in 1994.
His net worth hit a mammoth $160 billion in 2018, before falling back to $114 billion in 2019. At this point, Bezos was still the richest person in the world.
But he was finally overtaken by SpaceX founder Elon Musk two years later.
Much of his wealth is tied to Amazon’s share price. Even after leaving the company, he remains its highest individual shareholder.