Evan Agostini/Invision/AP
MacKenzie Scott continues to unload Amazon shares.
"We each come by the gifts we have to offer by an infinite series of influences and lucky breaks we can never fully understand. In addition to whatever assets life has nurtured in me,I have a disproportionate amount of money to share. My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won't wait. And I will keep at it until the safe is empty." MacKenzie Scott
After her divorce from Bezos in 2019, concluding a 25-year marriage, Scott acquired approximately a 4% stake in Amazon valued at $38.3 billion. This positioned her as the 22nd wealthiest individual globally, according to Bloomberg's ranking of the world's 500 richest people at that time.
This substantial settlement not only secured her a prominent place in the financial elite but also catapulted her into the position of the wealthiest woman in the world at that particular moment.
Scott's decision to divest a significant portion of her Amazon holdings underscores her unique approach to wealth management and philanthropy. Her actions continue to shape conversations around wealth distribution and social responsibility in the modern era. In 2019, she committed to the Giving Pledge, a group of billionaires dedicated giving the majority of their wealth to charitable causes. Since then, the novelist and philanthropist has generously given over $16.5 billion to a diverse array of charitable organizations.
In 2022, the billionaire introduced the website Yield Giving, showcasing a comprehensive list of around 1,600 organizations that have collectively received $14 billion in donations since 2019. In a blog post last March, Scott revealed a substantial contribution of $3.86 billion to 465 nonprofits since June 2022. Adding to her philanthropic efforts, Scott also gifted two Beverly Hills mansions valued at $55 million to the California Community Foundation, a housing charity.
Last year, Scott initiated an open call from Yield Giving l, inviting nonprofits to present compelling reasons for deserving a portion of the $250 million fund, with the aim of awarding $1 million donations to selected organizations.
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