While Jeff Bezos is having fun with the recent rise within the stock market, his ex-wife, MacKenzie Scott, is making news for her generosity. She recently sold one other $8 billion value of Amazon shares and is using the cash to assist charities nationwide.
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Scott, who was previously married to Jeff Bezos, the founding father of Amazon, has decided to make use of her money to try to alter the world. Since their 2019 divorce, she has received a great amount of Amazon shares, making her one among the wealthiest people on the planet. But unlike many other billionaires, she is not keeping all that cash for herself. As a substitute, she’s giving it away quickly, recently selling 11% of her Amazon shares to support nonprofits, per filings.
Because the divorce, Scott has sold or donated 255 million Amazon shares, value about $37 billion. That is huge, especially since she has done it in lower than six years. As a substitute of holding onto her wealth, Scott focuses on giving back by providing grants to organizations working on education, health, poverty and economic opportunities.
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After graduating from Princeton University, she moved to Latest York City to follow her dream of becoming a author. She needed to take different jobs, like waitressing, simply to pay her bills and these hard times taught her what it seems like to struggle with money, which made her wish to help others in need.
Some groups which have received her donations include the Housing Trust Silicon Valley, which got $30 million to assist make inexpensive housing and the Jewish Vocational Service in Boston, which received $7 million to assist families turn out to be more financially stable. 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 generous people within the U.S.
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While Jeff Bezos’ net value keeps growing with Amazon’s success, Scott’s net value is shrinking – but that is her goal. Forbes estimates that her wealth decreased from $59 billion in 2021 to about $30 billion in late September. She pledged to donate as much as she could over her lifetime when she joined The Giving Pledge in 2019.