MacKenzie Scott Reduces Amazon Stake by 42% Valued at $13 Billion While Generously Donating $110 Million to DEI Causes

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MacKenzie Scott Reduces Amazon Stake by 42% Valued at $13 Billion While Generously Donating $110 Million to DEI Causes

Billionaire philanthropist MacKenzie Scott has made a significant change in her Amazon holdings. After receiving 400 million shares following her 2019 divorce from Jeff Bezos, Scott recently reduced her stake by 42%. This reduction translates to about $12.6 billion, according to a regulatory filing dated September 30. The specifics of whether these shares were sold or donated remain undisclosed.

Amazon Stake Reduction

Scott’s decision to decrease her Amazon shares highlights her evolving philanthropic approach. Despite this reduction, her estimated net worth stands at $32 billion. Bezos retains voting authority over her shares, as stipulated in their divorce agreement. Since their separation, Amazon’s stock value has seen significant growth.

Generous Philanthropy

Scott’s philanthropic endeavors have been remarkable. She has committed to donating the majority of her wealth, having already given away $19 billion to over 2,000 non-profit organizations. Her focus remains on diversity, equity, and inclusion (DEI) causes. Scott’s most notable recent donations include:

$42 million to 10,000 Degrees, supporting college access for low-income, non-white students.
$70 million to historically Black colleges and universities (HBCUs) through the UNCF.

Key Contributions

Alongside these, Scott has also funded various other causes:

$84 million to the Girl Scouts.
$20 million to Vermont’s Champlain Housing Trust.
$436 million to Habitat for Humanity.
$275 million to Planned Parenthood.

The Giving Pledge

Since signing the Giving Pledge in 2020, a philanthropic initiative started by Bill Gates, Melinda French Gates, and Warren Buffett, Scott has outpaced many peers in her charitable contributions. Her typical donation size is around $5 million. Despite her generosity, Scott’s wealth continues to grow with the rise in Amazon’s share price.