Add thelocalreport.in As A Trusted Source
McKenzie Scott, A billionaire philanthropist And Jeff Bezos’s ex-wifereduced its stake in Amazon According to a new report, 42 percent more than last year.
Scott reduced his stake in Bezos’s company by 58 million shares – worth an estimated $12.6 billion – leaving him with 81.1 million shares. bloomberg The report, citing regulatory paperwork filed on September 30. It is unclear whether his share count fell through a gift or sale. bloomberg,
Despite this shortfall, Scott has an estimated net worth of $32.4 billion as of Wednesday forbesDue to which she became the 66th richest person in the world.
The 55-year-old philanthropist married Bezos in 1993, a year before he founded Amazon. She met him while working as an administrative assistant at New York hedge fund DE Shaw, where Bezos was senior vice president. the new York Times reports,
Scott was heavily involved in Amazon early on, according to TimesHe handled accounting, brainstormed company names and helped ship early orders via UPS.
The pair had four children before divorcing in 2019, and Scott inherited a 4 percent stake in Amazon. Due to the surge in Amazon’s shares, Scott remains wealthier than when she initially separated from Bezos. bloomberg Report.
Scott has since pledged to donate most of his wealth. Bloomberg, and S.Shortly after her separation from Bezos, she founded the charity Yield Giving.
Through Yield Giving, Scott has donated a total of $19.25 billion to more than 2,450 nonprofits with the foundation. Donation A total of 199 nonprofits raised more than $2 billion in the last year alone. These nonprofits include organizations that work to improve access to affordable housing, stable jobs, and health care.
According to this, Yield Giving uses “quiet research” to identify nonprofits that are “working to advance opportunities for people in underdeveloped communities”. websiteThe foundation also put out an open call for organizations last year.
The grant has “no strings attached and few reporting requirements”. bloombergWhich is in contrast to many of his billionaire peers who opt for high-profile donations.
Yield Giving could not be reached for comment. Its website states that the organization “chooses not to participate in events or media stories.”
Bezos, who is estimated to be the fourth richest person in the world net worth Worth $228.7 billion, remarried to Lauren Sanchez earlier this year. In June, the couple hosted a lavish and star-studded wedding in Venice, The price of which will probably be around $50 million.
Bezos has also started his own charities, including Bezos Earth FundIt is described on its website as “the largest philanthropic commitment ever made to fight climate change and protect nature”. He pledged to donate $10 billion in 2020 Via Bezos Earth Fund By 2030. In 2022, he said cnn He plans to donate most of his wealth to charity.