Jeff Bezos’ ex MacKenzie Scott slashes Amazon – Business News
Jeff Bezos’ ex-wife MacKenzie Scott has reportedly slashed her stake in Amazon by about 42%, or $12.6 billion, over the previous yr.
Scott now holds 81.1 million shares of the e-commerce giant, down 58 million from this time final yr, in keeping with a regulatory submitting dated Sept. 30 that was seen by Bloomberg.
The 55-year-old philanthropist has donated more than $19 billion since her 2019 divorce from the Amazon founder.
MacKenzie Scott has slashed her stake in Amazon by about 42%, or $12.6 billion, over the previous yr. Evan Agostini/Invision/AP
She has vowed to present most of her fortune away.
Scott has gained a popularity for giving billions to small nonprofits with no circumstances on the recipients and minimal reporting necessities — a stark distinction to her billionaire friends who usually make high-profile donations to bigger charities — Bloomberg famous.
Last yr, she donated $2 billion to 199 organizations, her Yield Giving web site acknowledged.
Bezos, in the meantime, now owns 9% of the company he based in 1994 after promoting off more than 100 million shares over the previous yr, in keeping with a Tuesday securities submitting.
As of Wednesday, he had a web value of $230.2 billion and Scott was value about $32.5 billion, in keeping with Forbes.
Scott walked away with about 4% of Amazon after her divorce from Bezos.
Jeff Bezos now owns much less than 10% of the company, in keeping with a Tuesday securities submitting. Getty Images
They’d been married for about 25 years.
She has grown richer for the reason that break up, with the stock hovering about 150% within the interim.
Bezos nonetheless maintains remaining approval over any adjustments to her holdings, and the pair are required to reveal their gross sales yearly.
In the obvious absence of a prenup for the wedding, Scott may have pushed for more of their shared 16% stake in Amazon.
Experts speculated she didn’t battle for a bigger portion as a result of that might have apprehensive traders and decreased the worth of the company’s shares.
