The ex-wife of Amazon founder Jeff Bezos, MacKenzie Scott, sold about $10 billion in Amazon stock last year, marking a big financial move.
The Times reported that Scott initially owned a large 4% of the company when her divorce was finalized. However, a recent regulatory filing shows that she sold 65.3 million shares of Amazon.com Inc. in the last year, accounting for almost a quarter of her interest in the company.
If she had kept these shares, their current worth would be an astonishing $10.4 billion, depending on Friday’s closing price. Scott’s current holding in the tech giant is around 1.9%, indicating a strategic shift in her investment portfolio.
Scott obtained around 4% of the tech giant upon her divorce from Jeff Bezos in 2019, representing a stake valued at around $37 billion at the time.
Despite selling approximately half of her shares in the previous five years, Amazon still dominates her financial portfolio, contributing considerably to her current net worth of $37.6 billion, according to the Bloomberg Billionaires Index.
This highlights the long-term influence of her relationship with Amazon on her overall wealth, even as she strategically maintains her financial portfolio.
MacKenzie Scott, 53, is one of the top five oldest female billionaires, with an astounding net worth of more than $35 billion.
Most recent data show an astounding leap of her networth to $34.9 billion, representing a 43.03% increase in her wealth in a surprisingly short amount of time.
Scott’s financial success, however, is linked to her amazing altruism.
Despite her potentially larger fortunes, she has generously donated about $16.5 billion to various philanthropic charities since her divorce from Bezos. This incredible generosity extends to over 360 organizations, which received a total of $2.15 billion in the last year.
Scott, a Princeton University graduate and former student of Howard’s Toni Morrison, signed the Giving Pledge in 2019.
This non-binding commitment is a promise by billionaires to contribute the bulk of their wealth to charity. In a statement posted on the Giving Pledge website, she stated her intention to approach philanthropy intelligently, emphasizing a commitment to charitable giving until her riches are exhausted.
