Whereas Jeff Bezos is having fun with the current rise within the inventory market, his ex-wife, MacKenzie Scott, is making information for her generosity. She lately offered one other $8 billion price of Amazon shares and is utilizing the cash to assist charities nationwide.
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Scott, who was beforehand married to Jeff Bezos, the founding father of Amazon, has determined to make use of her cash to attempt to change the world. Since their 2019 divorce, she has obtained a big quantity of Amazon shares, making her one of many wealthiest individuals on the planet. However not like many different billionaires, she is not conserving all that cash for herself. As a substitute, she’s giving it away rapidly, lately promoting 11% of her Amazon shares to assist nonprofits, per filings.
For the reason that divorce, Scott has offered or donated 255 million Amazon shares, price about $37 billion. That is big, particularly since she has executed it in lower than six years. As a substitute of holding onto her wealth, Scott focuses on giving again by offering grants to organizations engaged on schooling, well being, poverty and financial alternatives.
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After graduating from Princeton College, she moved to New York Metropolis to comply with her dream of changing into a author. She needed to take totally different jobs, like waitressing, simply to pay her payments and these exhausting instances taught her what it feels wish to wrestle with cash, which made her need to assist others in want.
Some teams which have obtained her donations embody the Housing Belief Silicon Valley, which received $30 million to assist make inexpensive housing and the Jewish Vocational Service in Boston, which obtained $7 million to assist households turn into extra financially steady. These donations are only a small a part of her giving. Scott has already given greater than $17 billion to over 2,300 nonprofits, making her one of the crucial beneficiant individuals within the U.S.
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Whereas Jeff Bezos’ web price retains rising with Amazon’s success, Scott’s web price is shrinking – however that is her aim. Forbes estimates that her wealth decreased from $59 billion in 2021 to about $30 billion in late September. She pledged to donate as a lot as she might over her lifetime when she joined The Giving Pledge in 2019.
