While Jeff Bezos is enjoying the stock market’s recent rise, his ex-wife, MacKenzie Scott, is making news for her generosity. She recently sold another $8 billion worth of Amazon stock and is using the money to help charities nationwide.
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Scott, who was previously married to Amazon founder Jeff Bezos, has decided to use her money to change the world. Since their divorce in 2019, she has received a large number of Amazon shares, making her one of the richest people in the world. But unlike many other billionaires, she doesn’t keep all that money for herself. Instead, she’s quickly giving it away, recently selling 11% of her Amazon stock to support nonprofits, per filing.
Since the divorce, Scott has sold or donated 255 million Amazon shares, worth about $37 billion. That’s huge, especially since she did it in less than six years. Instead of holding on to her wealth, Scott focuses on giving back by making grants to organizations focused on education, health care, poverty and economic opportunity.
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After graduating from Princeton University, she moved to New York City to pursue her dream of becoming a writer. She had to take on various jobs, such as waitressing, just to pay her bills and these hard times taught her what it feels like to struggle with money, making her want to help others in need.
Some groups that have received her donations include the Housing Trust Silicon Valley, which received $30 million to help create affordable housing, and the Jewish Vocational Service in Boston, which received $7 million to help families become more financially stable . These donations represent only a small portion of her donations. Scott has donated more than $17 billion to over 2,300 nonprofits, making her one of the most generous people in the U.S.
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While Jeff Bezos’ net worth continues to grow thanks to Amazon’s success, Scott’s net worth is shrinking – but that’s her goal. Forbes estimates that her net worth fell from $59 billion in 2021 to about $30 billion at the end of September. She pledged to donate as much as she could during her lifetime when she joined The Giving Pledge in 2019.
