MacKenzie Scott Sells Billions of Dollars in Amazon Stock
In a recent filing, it has been revealed that MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has sold nearly 65.3 million shares of Amazon stock. This transaction is estimated to be worth over $10 billion, further adding to Scott’s already immense wealth.
Following her divorce from Bezos in 2019, Scott received about 19.7 million shares of Amazon, which amounts to 4% of the company’s outstanding shares. As part of their settlement, Bezos retained the voting rights to Scott’s shares, which is why he reported them to the SEC when disclosing his 11.5% stake in Amazon.
Since her divorce, Scott has been actively selling portions of her Amazon stake and donating billions of dollars to various charitable causes. In fact, she signed the Giving Pledge in 2019, a commitment made by the world’s wealthiest individuals to give away the majority of their wealth. This pledge has been signed by notable figures such as Warren Buffett, Bill Gates, and Mark Zuckerberg.
Although Bezos is not a signatory of the Giving Pledge, he has expressed his intention to use his wealth to address important issues such as climate change and to support initiatives that promote unity among people.
Scott’s philanthropic efforts have been remarkable. Just recently, she announced that her foundation, Yield Giving, had made $2.15 billion in donations over the past year. These donations were made to 360 different organizations, highlighting the breadth of Scott’s charitable impact.
Despite selling billions of dollars worth of Amazon shares, Scott’s net worth remains significant. According to Bloomberg’s Billionaire Index, her wealth is estimated to be over $37 billion.
The news of Scott’s ongoing stock sales and philanthropic activities showcases her commitment to using her wealth for the greater good. Her generosity is commendable, and it sets an example for other billionaires to consider the impact they can make through charitable giving.
In conclusion, MacKenzie Scott’s continued sale of Amazon stock highlights her commitment to philanthropy. Her donations have made a significant impact on numerous organizations, and her wealth remains substantial even after selling billions of dollars’ worth of shares. As the wealthiest woman in the world, Scott’s actions serve as an inspiration for others to consider the positive change they can bring about through charitable giving..