MacKenzie Scott, the philanthropist and ex-wife of Amazon founder Jeff Bezos, continues to divest billions of dollars in Amazon stock, as reported by the media. In 2023 alone, she offloaded approximately 65.3 million Amazon shares, currently valued at over $10 billion, according to a filing disclosed by CNN.
Following her divorce from Jeff Bezos in 2019, MacKenzie Scott became the world's wealthiest woman, securing around 19.7 million Amazon shares—equivalent to four percent of the company's total outstanding shares—in the divorce settlement. Since then, she has progressively sold parts of her Amazon holdings, directing the proceeds toward substantial charitable donations.
Notably, Bezos retained the voting rights associated with Scott's shares as part of the divorce agreement, prompting him to report them to the Securities and Exchange Commission while disclosing his 11.5 percent stake in Amazon.
In 2019, MacKenzie Scott committed to the 'Giving Pledge,' a commitment undertaken by numerous global billionaires to donate the majority of their wealth. Renowned figures such as Warren Buffett, Bill Gates, and Mark Zuckerberg have also pledged their support to this cause, according to CNN.
While Jeff Bezos is not a signatory to the 'Giving Pledge,' he announced in 2022 his intention to allocate the majority of his wealth toward combating climate change and supporting initiatives that foster unity among humanity.
In December, Scott revealed that she had made donations totaling $2.15 billion over the past year through her foundation, Yield Giving. The non-profit organization contributed to 360 different entities, as per the announcement.
Despite selling billions in Amazon shares in recent years, MacKenzie Scott's net worth remains substantial, exceeding $37 billion, according to Bloomberg's Billionaire Index, as reported by CNN.
(With Agency Inputs)