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.
Join our WhatsApp ChannelCurrently 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.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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