Last Update:13 November 2024 20:10 IST

Scott has donated $17.3 billion to nonprofits, making him among America’s top philanthropists, while selling $37 billion in stock.

MacKenzie Scott donated $17.3 billion by selling two-thirds of the Amazon shares she acquired during her divorce. (IMAGE: X/@mackenziescott)

Billionaire philanthropist MacKenzie Scott sold another 11% of her Amazon shares, according to a new filing accessed Friday. Forbes magazine. As of September 30, the shares were worth more than $8 billion. This latest sale brings the total Amazon stock sold or donated to 255 million shares, or approximately $37 billion at the time of the transactions.

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, purchased nearly 400 million Amazon shares during their divorce in 2019. He sold nearly two-thirds of those shares in less than six years. He has donated over $17.3 billion to various non-profit organizations to date, ranking him among the five most generous philanthropists living in the United States, according to Forbes.

Forbes currently values ​​MacKenzie Scott at $30 billion; That’s a decline from $38 billion a few days ago and significantly lower than its 2021 peak of $59 billion. This estimate assumes that most Amazon stock sales are directed to charitable funds or organizations. If she held all of her shares, her net worth would reach $82 billion, placing her among the 20 richest people and the second richest woman in the world.

MacKenzie Scott has remained largely silent about her philanthropy, sharing insights only through short articles on her Yield Giving website, where she documents her donations. In his December 2022 article, he appreciated the help of others in gathering information about the grants: “If more information about these gifts would benefit anyone, I want to share it.” Recent beneficiaries of his generosity include the Mni Sota Fund. It received a rare second donation from Scott, receiving $1.5 million, Access to Capital for Entrepreneurs receiving $10 million, and Coastal Enterprises receiving $15 million in October.

Scott has consistently emphasized that he prefers to focus on nonprofits rather than himself. To honor this, it gives each organization discretion to publicize the donation or keep it secret, based on their assessment of whether public attention would be helpful.

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Washington DC, United States (USA)