Emmanuel OchayiIn a financial maneuver, MacKenzie Scott, ex-wife of Amazon’s founder Jeff Bezos, has divested $10 billion worth of Amazon shares over the past year, marking a shift in her investment portfolio.
While her divorce granted her an initial 4% stake in the tech giant, a regulatory filing reveals that she offloaded 65.3 million shares, equivalent to a quarter of her stake.
Currently holding about 1.9% of Amazon, the move showcases Scott’s calculated adjustments to her investments.
Despite parting with half of her shares in the last five years, Amazon remains a dominant force in her financial portfolio, contributing significantly to her current net worth of $37.6 billion.
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At 53, MacKenzie Scott stands among the top 5 oldest female billionaires, witnessing an impressive 43.03% uptick in her wealth within a short period.
Notably, her financial success is intertwined with her philanthropy, having donated over $16.5 billion to diverse charitable causes since her divorce from Bezos.
One standout act of philanthropy is her $12 million unrestricted donation to Howard University College of Medicine, aiming to establish an innovative center in collaboration with the College of Engineering and Architecture.
This follows her groundbreaking $40 million donation in 2020, marking a continuous commitment to charitable giving.
Scott’s philanthropic endeavors align with her signing of the Giving Pledge in 2019, a non-binding commitment by billionaires to donate the majority of their wealth.
In a letter on the Giving Pledge website, she expressed her dedication to thoughtful philanthropy, emphasizing a continuous commitment until her resources are exhausted.
Scott’s financial moves not only reflect strategic investment decisions but also underscore her profound commitment to making a positive impact on the world through generous giving.
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