Jeff Bezos says he plans to donate most of his $124 billion to charity in his lifetime

Amazon founder said he and his partner Lauren Sánchez are 'building the capacity to be able to give away this money.'

"It's not easy," Bezos said, referring to donating his wealth."Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I'm finding — and I think Lauren is finding the same thing — that charity, philanthropy, is very similar."

He added,"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."to singer Dolly Parton. The money is to be directed toward charities the recipient sees fit, Sanchez said Friday when the award was announced.

"When you think of Dolly," Sánchez told CNN,"Look, everyone smiles, right? She is just beaming with light. And all she wants to do is bring light into other people's worlds. And so we couldn't have thought of someone better than to give this award to Dolly, and we know she's going to do amazing things with it."

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