While Jeff Bezos is enjoying the recent rise in the stock market, his ex-wife, MacKenzie Scott, is making headlines for her generosity. He recently sold another $8 billion in Amazon stock and is using the money to help charities across the country.
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Scott, who was previously married to Jeff Bezos, the founder of Amazon, has decided to use her money to try to change the world. Since her divorce in 2019, she has received a large amount of Amazon stock, making her one of the richest people on the planet. But unlike many other billionaires, she doesn’t keep all that money. Instead, he’s giving it away quickly: He recently sold 11% of his Amazon stock to support nonprofits, according to filings.
Since the divorce, Scott has sold or donated 255 million Amazon shares, worth approximately $37 billion. That’s huge, especially since he’s accomplished it in less than six years. Instead of keeping his wealth, Scott focuses on giving back by providing grants to organizations working in education, health, poverty, and economic opportunity.
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After graduating from Princeton University, she moved to New York City to follow her dream of becoming a writer. She had to take different jobs, such as waitressing, just to pay her bills and these difficult times taught her what it feels like to struggle with money, which made her want to help others in need.
Some groups that have received your donations include 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 are only a small part of your donations. Scott has already donated more than $17 billion to more than 2,300 nonprofit organizations, making her one of the most generous people in the US.
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While Jeff Bezos’ net worth continues to grow with the success of Amazon, Scott’s net worth is shrinking, but that’s his goal. Forbes estimates that his wealth fell from $59 billion in 2021 to about $30 billion as of the end of September. He pledged to donate as much as he could throughout his life when he joined The Giving Pledge in 2019.