In an interview with CNN, he advised consumers to keep their cash safe and avoid unnecessary spending.
Due to the recession fear, he advised Americans to avoid purchasing high-ticket items such as expensive cars and televisions.
“Take some risk off the table, keep some dry powder on hand…. Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit,” Bezoz was quoted as saying.
“If you’re an individual considering to purchase a big-screen TV, you might want to wait, hold onto your money, and see what transpires. The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation,” he added.
In the same interview, Amazon’s founder said he would donate most of his $124 billion net worth to charities to combat climate change and to support people who can unite humanity.
–IANS
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