Ex-wife of Jeff Bezos, MacKenzie sold $10 Bil worth of $AMZN
In the ever-evolving landscape of billionaire philanthropy, MacKenzie Scott, the ex-wife of Amazon's founder Jeff Bezos, stands out as a compelling figure. Her recent financial moves, particularly the divestment of approximately $10 billion worth of Amazon( NASDAQ:AMZN ) shares, have not only shaped her investment portfolio but also underscored her dedication to transformative philanthropy. As one of the top 5 oldest female billionaires at the age of 53, Scott's journey from a high-profile divorce to becoming a major force in global giving is captivating.
The Evolution of Scott's Wealth:
After her divorce from Jeff Bezos in 2019, Scott secured a 4% stake in Amazon ( NASDAQ:AMZN ), valued at around $37 billion at the time. However, recent regulatory filings reveal a strategic adjustment in her investment holdings. Over the past year, she has divested 65.3 million shares, equivalent to a quarter of her initial stake. Despite relinquishing a significant portion of her Amazon ( NASDAQ:AMZN ) shares, the company continues to dominate her financial portfolio, contributing to her current net worth of $37.6 billion, as reported by the Bloomberg Billionaires Index.
Philanthropy as a Driving Force:
What sets MacKenzie Scott apart is not just her wealth but her commitment to philanthropy. In the last five years, she has generously donated over $16.5 billion to more than 360 charitable organizations. This dedication to giving back is not just a testament to her financial success but also a demonstration of her values. Having signed the Giving Pledge in 2019, Scott has made a non-binding commitment to donate the majority of her wealth, showcasing a thoughtful approach to philanthropy.
A Remarkable Surge in Wealth:
Scott's financial trajectory is nothing short of remarkable. Within a mere two months, her net worth experienced a staggering increase from $24.4 billion to $34.9 billion, marking a notable 43.03% uptick. This meteoric rise in wealth is not just about accumulating assets but about utilizing them as a force for positive change in the world.
A Closer Look at Scott's Contributions:
One of the standout acts of philanthropy is Scott's recent unrestricted $12 million donation to Howard University College of Medicine. This generous contribution is set to establish an innovative center in collaboration with the College of Engineering and Architecture, marking her second significant donation to the institution. Scott's philanthropic endeavors extend far beyond a single institution, encompassing diverse causes that collectively received $2.15 billion in the past year.
