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MacKenzie Scott is worth $36 billion and has 'revolutionized philanthropy' since divorcing Amazon founder Jeff Bezos

Business Insider

Business Insider · 1y ago

MacKenzie Scott is worth $36 billion and has 'revolutionized philanthropy' since divorcing Amazon founder Jeff Bezos

Jeff Bezos, founder of Amazon, was married to MacKenzie Scott for 25 years. Following their divorce, Scott became one of the world's richest women, worth $36 billion. In 2022 and 2023, Scott made significant charitable donations, giving away almost $2 billion to various organizations each year. Her philanthropic efforts have been highly regarded, with many acknowledging her as a transformative figure in the field. However, her approach has faced criticism from Elon Musk, who made derogatory comments about wealthy divorced individuals engaging in philanthropy. Scott's charitable giving has focused on issues related to race and gender.

Related News

MacKenzie Scott, ex-wife of Jeff Bezos, trims Amazon stake by $10 billion

Economic Times

Economic Times · 1y ago

MacKenzie Scott, ex-wife of Jeff Bezos, trims Amazon stake by $10 billion

In a recent report, it has been revealed that MacKenzie Scott, the ex-wife of Jeff Bezos, has reduced her stake in Amazon by $10 billion. This move comes after Scott has been actively donating a significant portion of her wealth to various charitable causes. As part of her commitment to philanthropy, she has already given away billions of dollars to organizations working on addressing systemic issues and helping marginalized communities.

Elon Musk accused Jeff Bezos' ex-wife MacKenzie Scott of destroying Western civilization with her philanthropy. Then she quietly doubled her donations.

Business Insider

Business Insider · 1y ago

Elon Musk accused Jeff Bezos' ex-wife MacKenzie Scott of destroying Western civilization with her philanthropy. Then she quietly doubled her donations.

MacKenzie Scott, the ex-wife of Jeff Bezos, has announced that she will be donating $640 million to 361 different organizations. This comes after she had pledged to give away $250 million last year. Lever for Change, the organization assisting Scott with her philanthropy, stated that 279 nonprofits will receive $2 million each, while the remaining 82 organizations will receive $1 million each. Scott's donations this year also include support for women's health and minority groups, and she has a no-strings-attached approach to her giving. Elon Musk has criticized Scott's charity work in the past.

MacKenzie Scott pledged to give $640 million to 361 organizations this year despite Elon Musk's insults. This video is a prime example of why that matters.

Business Insider

Business Insider · 1y ago

MacKenzie Scott pledged to give $640 million to 361 organizations this year despite Elon Musk's insults. This video is a prime example of why that matters.

MacKenzie Scott, the ex-wife of Jeff Bezos, announced that she will be donating $640 million to 361 nonprofits, exceeding her original pledge of $250 million. One beneficiary of Scott's giving is I AM ALS, a nonprofit founded by Brian Wallach, who has ALS. Wallach and his wife, Sandra Abrevaya, expressed their joy and gratitude in a video reacting to the news. Wallach, a former Obama staffer, was diagnosed with ALS in 2017 and has been advocating for better access to ALS drug trials. Scott has gained attention for her no-strings-attached approach to philanthropy and has been praised for supporting organizations that promote equality and overcome systemic obstacles.

Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion

Livemint

Livemint · 1y ago

Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion

Amazon founder Jeff Bezos plans to sell 25 million shares of the company, worth nearly $5 billion, after the stock reached a record high. This would decrease Bezos' stake to 8.8% of outstanding stock. Amazon share price hit an all-time high of $200.43 on Tuesday. Bezos sold approximately $8.5 billion worth of Amazon shares in February. As Bezos plans his sale, Amazon has announced it will discontinue its security robot, Astro for Business, and shift its focus to household robots.

Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities

Business Insider

Business Insider · 1y ago

Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities

Elon Musk criticized MacKenzie Scott's charitable donations, suggesting that "super rich ex-wives who hate their former spouse" are a reason for the decline of Western civilization. Musk has been vocal about his opposition to diversity and inclusion efforts. This isn't the first time he has targeted Scott for her philanthropy. Scott, on the other hand, has donated billions of dollars to various organizations supporting underserved communities with a no-strings-attached approach. Musk himself engages in philanthropy through the Musk Foundation, which has donated to causes such as renewable energy and space exploration. Neither Musk nor Scott has commented on this matter.

Jeff Bezos on buying spree, acquires third mansion in Florida for $90 million

Livemint

Livemint · 1y ago

Jeff Bezos on buying spree, acquires third mansion in Florida for $90 million

Jeff Bezos, the founder of Amazon.com, is reportedly buying a $90 million mansion on Indian Creek island in South Florida. This will be Bezos' third property on the exclusive island, where he plans to reside while demolishing his other houses there. Bezos, the world's second-richest person, recently announced his move to Miami from Seattle and has been selling billions of dollars' worth of Amazon shares since February. He also owns other significant properties, including homes in Washington, Maui, and Beverly Hills. The mansion's current owner is former banker Javier Holtz.

Jeff Bezos sold Amazon shares worth $6bn this week. Internet has funny reasons..

Livemint

Livemint · 1y ago

Jeff Bezos sold Amazon shares worth $6bn this week. Internet has funny reasons..

Jeff Bezos, the founder of Amazon, has sold 36 million shares of the company totaling over $6 billion. This move follows his earlier announcement of intending to sell up to 50 million shares over the next year. The motive behind Bezos' decision remains undisclosed, but his recent relocation to Miami from Seattle, known for its lack of capital gains tax, may potentially save him around $288 million in taxes. Despite the sales, Bezos' fortune has surged to $199.5 billion, making him one of the world's richest individuals.

Billionaire Jeff Bezos still uses a homemade scrappy door desk from the early days of launching Amazon

Business Insider

Business Insider · 1y ago

Billionaire Jeff Bezos still uses a homemade scrappy door desk from the early days of launching Amazon

Jeff Bezos, the billionaire founder of Amazon, still uses a homemade door desk from the early days of the company in the 1990s. Bezos' fiancée, Lauren Sanchez, posted a picture on Instagram showing Bezos working on the door desk. The desk was a cheap solution Bezos came up with when he needed desks for his small team. It has since become a symbol of Amazon's frugal culture. Bezos stepped down as Amazon's CEO in 2021 and is currently the world's second-richest person.

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Business Insider

Business Insider · 1y ago

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Amazon founder Jeff Bezos has reclaimed the title of the world's wealthiest person, with a net worth of $200 billion. This comes as a result of the sustained rally in Big Tech shares, driven by the artificial intelligence boom. Bezos, who owns about 9% of Amazon, saw his net worth rise as the company's stock climbed. He surpassed Tesla CEO Elon Musk, who had been the richest person for the past nine months. Musk and Bernard Arnault, chairman of LVMH, now hold the second and third positions on the Bloomberg Billionaires Index.

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Business Insider

Business Insider · 1y ago

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Jeff Bezos has sold 12 million shares of Amazon stock, worth $2 billion, in a move that could potentially make him the world's richest man again. This is part of a plan announced by Amazon earlier this year for Bezos to sell off 50 million shares. The surge in Amazon's stock this year has increased Bezos' estimated wealth by $22.6 billion. The sale also narrows the gap between Bezos and Elon Musk's net worth, making it possible for Bezos to overtake Musk and reclaim the title of the world's richest person.

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