Now worth $34 billion, MacKenzie Scott once needed her college roommate's help with a $1,000 loan: 'That's just what you do for friends' | Fortune
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Now worth $34 billion, MacKenzie Scott once needed her college roommate's help with a $1,000 loan: 'That's just what you do for friends' | Fortune
"Today, Scott's net worth is around $34 billion, according to Forbes. In October, Scott wrote that Tarkenton's act is among the many personal kindnesses she has considered as she has donated more than $19 billion of the wealth she amassed mostly through Amazon shares as part of her 2019 divorce from company founder Jeff Bezos. And when Tarkenton started Funding U, a lending company that offers last-gap, merit-based loans to low-income students without co-signers, Scott said she jumped at the chance to help."
"A quarter century passed between the end of their sophomore year and Funding U's creation, a period when Tarkenton realized just how many more students were being pushed into her former roommate's position by the rising cost of college. That Scott took an interest in her old friend's mission to help economically disadvantaged students finance school is unsurprising. Her unusual gifts - which she rarely discusses or discloses outside of essays and a database on her website,"
MacKenzie Scott received a critical $1,000 loan from her Princeton roommate when facing the prospect of dropping out. Scott later accumulated substantial wealth and has donated more than $19 billion, much of it from Amazon shares acquired through her 2019 divorce. Jeannie Tarkenton founded Funding U to provide last-gap, merit-based loans to low-income students without co-signers. Scott supported Funding U after recalling her own experience of being helped. Scott's philanthropy emphasizes mission-aligned ventures, undercapitalized groups, and for-profit solutions focused on equity, higher education, and economic security, with many gifts documented on Yield Giving.
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