MacKenzie Scott Sells $12.6B Worth of Amazon Shares Reports Indicate
MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, has reportedly reduced her Amazon holdings by approximately 42%, equating to $12.6 billion, within the last year. This development was unveiled in a regulatory filing dated September 30, as reported by Bloomberg.
Amazon Shares and Philanthropy
From owning a substantial amount after her divorce, Scott’s Amazon shares have declined from 139.1 million to 81.1 million. The sale of 58 million shares showcases a major stake reduction, an approach that differs from many other billionaire philanthropists who often target larger, more established charities.
Generous Philanthropic Initiatives
Since her separation from Bezos in 2019, Scott has donated over $19 billion, contributing significantly to various organizations. Her philanthropic approach emphasizes empowering small nonprofits with relatively few strings attached, garnering her a distinct reputation in the philanthropic community. Last year alone, Scott gifted $2 billion to 199 different organizations.
Jeff Bezos and Amazon Holdings
Despite selling more than 100 million shares, Bezos retains a 9% ownership of Amazon. The company, which he founded in 1994, continues to constitute a major part of his wealth, calculated at $230.2 billion as per Forbes’ latest estimates.
Financial Aftermath of the Divorce
- Scott secured approximately 4% of Amazon following her divorce from Bezos.
- Her net worth, reported by Forbes, stands around $32.5 billion.
- The couple had no reported prenuptial agreement, influencing the division of their 16% stake in Amazon.
Divorce and Investment Decisions
Married for 25 years, Scott and Bezos have a financial arrangement allowing Bezos to approve any changes to her holdings. Annually, they must publicly disclose any stock transactions. Her choice not to push for a larger Amazon stake post-divorce was likely due to concerns about market reactions and potential impacts on share value.
