MacKenzie Scott received roughly a 4% Amazon stake (about 139 million shares) after finalizing her 2019 divorce from Jeff Bezos. Since 2020 she has reduced that stake by 42%, selling or donating about 58 million shares. Scott has donated approximately $19.25 billion through her Yield Giving platform, founded in 2022, while retaining a net worth above $35 billion. Yield Giving has given to thousands of organizations, prioritizing DEI, education, disaster recovery, and other causes. This fall alone she donated over $400 million to education- and DEI-focused organizations, often their largest gifts. Scott cites early personal help in college as motivation for her generosity.
"After finalizing her divorce from Amazon founder Jeff Bezos in 2019, Scott ended up with a load of shares she earned from helping to build the e-commerce giant during its early days, when she helped with business plans and contracts. Upon their divorce, Scott received roughly a 4% stake in Amazon, or about 139 million shares at the time. Since 2020, Scott has reduced her stake by 42%, selling or donating about 58 million shares."
"Whose generosity did I think of every time I made every one of the thousands of gifts I've been able to give? It was the local dentist who offered me free dental work when he saw me securing a broken tooth with denture glue in college. It was the college roommate who found me crying, and acted on her urge to loan me a thousand dollars to keep me from having to drop out in my sophomore year."
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]