MacKenzie Scott, the ex-wife of Jeff Bezos, has reduced her stake in Amazon by 42% over the past year, selling 58 million shares. Based on Tuesday’s closing price, the sold shares were worth $12.6 billion. Scott currently holds 81.1 million shares of Amazon, with a net worth of approximately $41.2 billion. Over the past five years, she has donated a cumulative total of $19.25 billion to various charitable organizations.
Bezos’ ex-wife makes another significant share reduction $Amazon (AMZN.US)$ , with sell-offs exceeding USD 12.6 billion over the past year.
According to a regulatory filing disclosed on October 14, MacKenzie Scott held 81.1 million Amazon shares as of September 30 this year, a reduction of 58 million shares from a year ago. Based on Tuesday’s closing price, the value of these reduced shares amounted to USD 12.6 billion, representing a 42% reduction.
Scott, aged 55, is known for providing large, unrestricted grants to small nonprofit organizations, which contrasts sharply with many billionaire peers who opt for high-profile donations.
According to her Yield Giving website, she donated USD 2 billion to 199 organizations last year, bringing her cumulative donations to USD 19.25 billion over approximately five years.
Following her divorce from Amazon founder Jeff Bezos in 2019, Scott received approximately 4% of the tech giant’s shares.
Under the agreement, Bezos retains voting rights over her shares and is required to disclose this information annually. Despite her substantial donations, Scott’s wealth has grown since the divorce due to Amazon’s soaring stock price. She has pledged to donate the majority of her wealth.
The regulatory filing did not specify whether the reduction in share count was due to sales or donations. Scott and Yield Giving have not commented.
According to the Bloomberg Billionaires Index, Scott’s net worth was USD 41.2 billion prior to this latest round of disposals. This significant reduction once again underscores her commitment to philanthropy, reflecting a trend among major shareholders of tech giants to monetize their shares for supporting public welfare initiatives.
Despite the massive scale of disposals, Scott still holds Amazon shares valued at over USD 17.5 billion, providing her with ample resources for future charitable contributions. Her approach to giving—characterized by speed, directness, and trust in recipients—has drawn considerable attention in the philanthropic community.
Editor/jayden
