While Jeff Bezos Rides The Stock Market Boom, MacKenzie Scott Has Just Sold $8 Billion In Amazon Shares To Fund Charities Nationwide
while Jeff Bezos is enjoying the recent rally On the stock market, his ex-wife, Mackenzie Scott, made news for her generosity. It recently sold another $8 billion worth of Amazon stock and is using the money to help charities across the country.
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Scott, who was previously married to Amazon founder Jeff Bezos, decided to use her money to try to change the world. Since their 2019 divorce, she has done just that He received a large sum of Amazon stock, making her one of the richest people on the planet. But unlike many other billionaires, she doesn’t keep all that money for herself. Instead, she Give it up quicklyrecently sold 11% of its Amazon stock to support nonprofits, per the filing.
Since the divorce, Scott has sold or donated 255 million shares of Amazon stock, worth about $37 billion. This is huge, especially since she did it in less than six years. Instead of hanging on to her fortune, Scott focuses on giving back by making grants to organizations working in the areas of education, health, poverty, and economic opportunity.
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After graduating from Princeton University Move to New York City To achieve her dream of becoming a writer. She had to work different jobs, such as waitressing, just to pay her bills, and these hard times taught her how it felt to struggle for money, making her want to help others in need.
Some of the groups that received donations include Housing Trust Silicon Valley, which received $30 million to help provide affordable housing, and Jewish Vocational Service of Boston, which received $7 million to help families become more financially stable. These donations are only a small part of its giving. Scott has already donated more than $17 billion to more than 2,300 nonprofit organizations, making her one of the most generous people in the United States.
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While Jeff Bezos’ net worth continues to grow with Amazon’s success, Scott’s net worth is shrinking — but that’s her point. Forbes estimates that its wealth fell from $59 billion in 2021 to about $30 billion in late September. She pledged to donate as much as she could throughout her life when she joined The Giving Pledge in 2019.
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