Mackenzie Scott sold 65 million Amazon shares worth more than $10 billion last year

Ivan Agostini/Invision/AP

Billionaire philanthropist Mackenzie Scott arrives at the Vanity Fair Oscar Party, March 4, 2018, in Beverly Hills, California.



CNN

MacKenzie Scott continues to sell Amazon stock for billions of dollars.

In 2023, it unloaded approximately 65.3 million Amazon shares, currently worth more than $10 billion, according to the filing.

After finalizing her divorce from Amazon founder Jeff Bezos in 2019, Scott became the richest woman in the world, receiving about 19.7 million shares, equivalent to 4% of Amazon's total outstanding shares, in the settlement. It has since sold parts of its stake in Amazon, Donate billions Dollars for charity.

Bezos retained voting rights over Scott's shares as part of the agreement, which is why he reported them to the SEC when disclosing his 11.5% stake in the company.

In 2019, Scott signed the Giving Pledge, a promise signed by hundreds of the world's richest people to give away the majority of their wealth. The pledge has been signed by business titans such as Warren Buffett, Bill Gates, and Mark Zuckerberg.

However, Bezos is not a signatory of the letter He told CNN In 2022, he plans to allocate the bulk of his fortune to fighting climate change and supporting people who can unite humanity.

in December, Scott announced She gave $2.15 billion in donations over the past year through her Yield Giving Foundation. According to the announcement, the nonprofit has donated to 360 organizations.

Although Scott has sold billions of dollars worth of Amazon stock in recent years, her net worth is still more than $37 billion. According to For the Bloomberg Billionaires Index.

See also  Major retailers are offering discounts this holiday season

Leave a Reply

Your email address will not be published. Required fields are marked *