Amazon founder Jeff Bezos recently captured headlines by cashing out over $3 billion in stock. Meanwhile, his ex-wife, MacKenzie Scott, gained attention for her philanthropic efforts. Scott sold $8 billion worth of Amazon (AMZN, Financial) stock to support various charities across the United States.
Regulatory filings reveal that Scott sold 11% of her Amazon holdings to benefit nonprofit organizations. Since her divorce from Bezos in 2019, Scott has sold or donated 255 million shares of Amazon stock, valued at approximately $37 billion. Rather than holding onto her fortune, Scott has chosen to focus on giving back to society, funding organizations dedicated to education, health, poverty alleviation, and economic opportunities.
As Amazon continues its success, Jeff Bezos's net worth has increased, while Scott's net worth has decreased. However, this aligns with her goals. Forbes estimates that her wealth has fallen from $59 billion in 2021 to around $30 billion by the end of September. Upon joining the "Giving Pledge" in 2019, she committed to donating as much of her wealth as possible during her lifetime.
