"After gaining 400 million Amazon shares following her 2019 divorce from the company's founder, Jeff Bezos, billionaire philanthropist MacKenzie Scott has now slashed her stake in the $ 2 trillion tech giant by nearly half. A regulatory filing with the SEC, filed Tuesday and dated September 30, shows that Scott now holds 81.1 million shares-down 58 million from a year earlier, as reported. That 42% reduction equates to nearly $12.6 billion at Tuesday's closing share price."
"With a $32 billion estimated net worth, Scott obtained most of her wealth after divorcing Bezos in 2019 and has pledged to give away the majority of her wealth. After ending up with about 4% of the tech giant, she's given away $19 billion in gifts to more than 2,000 nonprofits over the past five years. Since their divorce, Amazon shares have more than doubled."
"The median gift size of the thousands of donations she's made since her 2019 divorce is roughly $5 million -and many of her recent philanthropic efforts have been to DEI causes. One of her most recent donations include a $42 million gift to 10,000 Degrees, a Bay Area nonprofit expanding college access for low-income and largely non-white students. This was on top of her recent $70 million gift to historically Black colleges and universities (HBCUs) through the non-profit UNCF."
MacKenzie Scott currently owns 81.1 million Amazon shares, a 42% reduction from a year earlier and down 58 million shares, worth nearly $12.6 billion at the reported closing price. The SEC filing did not specify whether the reduction resulted from sales, donations, or both. Scott's net worth is estimated at $32 billion after receiving approximately 4% of Amazon in her 2019 divorce, and she has pledged to give away the majority of her wealth. Scott has donated roughly $19 billion to over 2,000 nonprofits, with a median gift around $5 million and recent focus on DEI causes and HBCUs.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]