MacKenzie Scott bought 2.5 million shares of Amazon final yr, netting her near $8.5 billion.
Evan Agostini/Invision/AP
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos and one of many richest ladies on the earth, unloaded 2.5 million shares of the net retail big final yr, in line with SEC filings.
Scott, whose divorce from Bezos was finalized in the summertime of 2019, bought the shares, which might have been value as much as $8.5 billion relying on the precise date on which the transactions happened.
In the event that they have been bought at the moment, the stake can be value some $7.3 billion based mostly on the present share value.
Amazon was buying and selling at $2,960 per share simply after midday on Monday — an increase of greater than 2.7%.
Bezos retains voting energy over the 14.9 million shares — or 25% of his stake — that Scott was awarded as a part of the divorce, which ended the couple’s 25-year marriage.
Scott has since remarried whereas Bezos has been in a relationship with girlfriend Lauren Sanchez, a former tv information reporter.
The 14.9 million shares is included in Bezos’ stake within the firm, which is 12.7% of all shares. In whole, Bezos owns 64,823,570 shares of Amazon.
Scott’s internet value is valued at $49.9 billion. Shortly after her divorce, she signed the Giving Pledge, during which a few of the world’s richest folks promised to donate no less than half of their wealth to philanthropic causes over the course of their lifetime.
In December, Scott declined to specify how a lot cash she donated since the newest disclosure in June. She additionally wouldn't say who acquired the cash.
“How a lot or how little cash modifications arms doesn’t make it philanthropy,” she wrote in a weblog submit titled, “No Greenback Indicators This Time.”
Scott has donated billions of dollars to numerous charities. She’s often launched public letters saying her giving over the prior six months and explaining why she selected to donate to sure causes and organizations.
However in her most up-to-date letter, Scott, whom Forbes has pegged because the Twenty eighth-richest individual on the earth and the third-richest lady, stated she received’t disclose her newest spherical of donations, and it’s unclear when or if she’ll put out particular updates sooner or later.
“Intention and energy make it philanthropy. If we acknowledge what all of it has in frequent, there will probably be extra of it,” she stated, saying that’s “why I’m not together with right here any quantities of cash I’ve donated since my prior posts.”
“I wish to let every of those unimaginable groups communicate for themselves first in the event that they select to, with the hope that after they do, media focuses on their contributions as a substitute of mine,” she wrote.
Whereas Scott has been beneficiant in donating huge sums of cash, her ex-husband, who's the third-richest man with a internet value north of $174 billion, has been criticized for not doing the identical.
In contrast to his former partner, Bezos is just not a signatory to the Giving Pledge, and whereas he has ramped up his charitable guarantees lately, he’s nonetheless confronted criticism for not doing extra.
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