CELEBRITY
Breaking News:Jeff Bezos’ ex-wife MacKenzie Scott has cut her Amazon stake to donate hundreds of millions of dollars to … see more 👇
According to Sotheby’s International Realty, Scott has already donated $14 billion to causes including racial equality, LGBTQ+ equality, functional democracy and climate change. She now ranks sixth on the list of the world’s top 10 philanthropists, below Microsoft founder Bill Gates and investor Warren Buffett.
According to the Sotheby’s list, Scott made donations “to fund nonprofit organisations that fight against racial injustice, promote gender equality and support public health initiatives.”
According to a September filing with the SEC, Scott reduced her Amazon holdings by almost 42% from a year earlier. The filing, reported by Bloomberg, said she now holds 81.1 million Amazon shares, from 139 million shares a year earlier (reduced by 58 million). Her stake in Amazon is now worth almost $12.6 billion.
The sale has come even though Amazon’s stock price has more than doubled since her divorce from Bezos in 2019.
But as part of the divorce settlement, Bezos has retained the voting rights to Scott’s Amazon stake and is obligated to disclose them annually.
However, the regulatory document did not indicate if the share reduction was a result of sales, donations, or both, this closely precedes Scott’s continued philanthropy.
Jeff Bezos’ ex-wife MacKenzie Scott’s donation to Howard University and other causes
In November, Scott made one of her largest single contributions by donating $80 million to Howard University.
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