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MacKenzie Scott trims her Amazon stake by $10 billion

MacKenzie Scott unloaded 65.3 million shares in Amazon.com Inc. final 12 months, or a few quarter of her stake within the firm, in keeping with a regulatory filing.

These shares could be value $10.4 billion at Friday’s closing value.

After her divorce from Jeff Bezos in 2019, Scott ended up with roughly 4% of the tech big, a stake that was then value round $37 billion. Regardless of having disposed of about half of her shares over the previous 5 years, Amazon nonetheless makes up the majority of her $37.6 billion internet value, in keeping with the Bloomberg Billionaires Index.

Her fortune could be a lot larger if it weren’t for her unprecedented philanthropy. For the reason that cut up from Bezos, Scott has donated greater than $16.5 billion to a variety of charities — an enormous quantity even for one of many richest individuals on the planet. Scott releases a listing of recipients on her web site, together with greater than 360 organizations that obtained a complete of $2.15 billion up to now 12 months.

In 2019, Scott signed the Giving Pledge, a non-binding promise billionaires make to donate nearly all of their wealth.

“In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share,” she wrote in a letter on the Giving Pledge web site. “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.”

Scott couldn’t be reached for remark.

Bezos, value $184.1 billion, has not signed the Giving Pledge, however instructed CNN in 2022 that he deliberate to provide away nearly all of his wealth.

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