Jeff Bezos’ ex-wife, MacKenzie Scott, has reportedly slashed her stake in Amazon by a significant margin over the last year. As per reports, she has reduced it by a massive 42%, or $12.6 billion. She now owns 81.1 million shares. This figure is down by over 50 million from last year.
MacKenzie Scott is holding on to her promise of giving most of her fortune away as she continues her philanthropic work.
Mackenzie Scott trims Amazon stake by 42%, claims report
Jeff Bezos’ ex-wife, MacKenzie Scott, has now donated more than $19 billion since her divorce from the billionaire in 2019. Over the last year alone, she has cut her stake in Amazon by about 42%, or $12.6 billion.
Over the years, the novelist and philanthropist has become known for supporting small nonprofits with no conditions on the recipients and minimal reporting requirements. This is in sharp contrast to other billionaire philanthropists who often make high-profile donations.
After their divorce, Scott walked away with about 4 percent of the company’s shares. Meanwhile, Bezos now owns 9 percent of the company. He reportedly sold more than 100 million shares over the past year. Currently, he has a net worth of $230.2 billion, while his ex-wife’s net worth stands at $32.5 billion.
Scott and Bezos were married for 25 years. Following the divorce, she gained significant wealth as the company’s stock value soared. As per reports, Scott could have pushed for a higher share in Amazon during the divorce, but she chose not to.
Meanwhile, Scott continues her philanthropic endeavors. Last year, she donated $2 billion to 199 organizations (via Yield).
She is committed to giving away at least half her wealth as part of the Giving Pledge. So far, she has donated about $19.3 billion to over 1,600 charitable organizations.
