– MacKenzie Scott sold 65 million Amazon shares worth over $10 billion in the last year
– MacKenzie Scott’s sale of 65 million Amazon shares amounted to over $10 billion in the past year.
MacKenzie Scott Continues to Sell Billions of Dollars in Amazon Stock
Australia
CNN
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Unloading Millions of Shares
MacKenzie Scott, the wealthiest woman in the world, has recently sold off a substantial portion of her Amazon stock. In 2023 alone, she unloaded nearly 65.3 million shares, which are currently valued at over $10 billion. This significant transaction has caught the attention of investors and financial experts, as it marks another strategic move by Scott to diversify her wealth.
The Aftermath of a High-Profile Divorce
Scott’s journey to becoming one of the world’s richest individuals began with her divorce from Amazon founder Jeff Bezos in 2019. As part of the settlement, she received around 19.7 million shares of Amazon, amounting to 4% of the company’s total outstanding shares. However, Bezos retained the voting rights to Scott’s shares, leading him to report them to the Securities and Exchange Commission (SEC) when disclosing his 11.5% stake in the company.
A Commitment to Philanthropy
Following her divorce, Scott made a commitment to philanthropy by signing the Giving Pledge. This pledge, also signed by prominent business figures such as Warren Buffett, Bill Gates, and Mark Zuckerberg, commits signatories to give away the majority of their wealth. Scott has since stayed true to her promise, donating billions of dollars to various charitable causes.
Yield Giving Foundation’s Remarkable Impact
Scott’s foundation, Yield Giving, has been instrumental in her philanthropic efforts. In a recent announcement, she revealed that her foundation had made $2.15 billion in donations over the past year. These donations have benefited a staggering 360 organizations, highlighting the broad reach and significant impact of Scott’s charitable endeavors.
Continued Wealth Despite Stock Sales
Despite selling billions of dollars worth of Amazon shares, Scott’s net worth remains substantial. According to Bloomberg’s Billionaire Index, her wealth is estimated to be over $37 billion. This impressive figure demonstrates her financial acumen and ability to maintain considerable wealth even after substantial charitable contributions and diversification of assets.
A Leading Example for Wealthy Individuals
Scott’s philanthropic efforts and commitment to giving back serve as an inspiration to other wealthy individuals. Her dedication to making a difference in the world by supporting various causes has set a precedent for how individuals with vast resources can positively impact society. Scott’s actions exemplify the power of wealth when used responsibly and compassionately.
In conclusion, MacKenzie Scott’s ongoing sale of Amazon stock highlights her strategic financial decisions and commitment to philanthropy. Her remarkable wealth, even after significant charitable contributions, showcases her ability to navigate the financial landscape effectively. As Scott continues to make a difference through her philanthropic endeavors, she remains a role model for others in the world of high net worth individuals.
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1. MacKenzie Scott sold millions of Amazon shares for billions of dollars.
2. The sale of Amazon shares by MacKenzie Scott reached a staggering value of billions..
