Mackenzie Scott Net Worth
MacKenzie Scott continues to be one of the wealthiest women in the world whilst being donated billions of dollars to charity.Scott has sold more of her Amazon stock than any other Forbes billionaire over the past few months.
MacKenzie has given away more of her wealth since her divorce from Jeff Bezos than any other modern billionaire. Forbes’ 36th annual list of the World’s Billionaires still ranks her as the fourth wealthiest woman in the world, behind only the L’Oreal, Walmart, and Koch Industries fortunes.
It’s not like the billions of dollars that have been donated to her cause aren’t taking a toll. Scott’s wealth is $43.6 billion this year, a reduction of $9.4 billion, or 18%, from last year.
For his part in the divorce, Bezos gave Scott 19.7 million shares of Amazon stock, making him a billionaire this year. As of 2019, she had amassed $36 billion, making her the 22nd-richest person in the world. The world’s 30th wealthiest individual is now her.
Scott’s fortune may have taken a hit due to a 3 percent drop in the value of Amazon shares. Since then, her wealth has decreased by around 15%, and this is the reason why. She has given a record-breaking $12.5 billion to more than 1,250 nonprofits in less than two years. She was ranked fifth among the world’s philanthropists by Forbes in 2022, after such luminaries as Bill and Melinda Gates and Michael Bloomberg.
Forbes reports that Scott, according to her word, has donated over a quarter of the wealth she received in the divorce, or 4.75 million Amazon shares.
Mackenzie’s charitable contributions span several fields, from the arts and culture to social justice issues including reproductive rights and racial equality. The procedure for each donation is virtually same. Scott will have someone on his team get in touch with charities via phone or electronic mail. (Because of the odd nature of the overtures, some recipients have assumed they are fake.) Once a donation has been processed and accepted, the donor is free to use the money anyway they like. As far as many people were concerned, Scott’s contribution was an all-time high.
We do not believe that our team of donors, alone, can fix the underlying problems that cause so much suffering in the world. In a March blog post, Scott explained her philanthropic stance, writing, “We don’t push for certain ideals or policies.” Since June of 2021, Scott has donated $3.86 billion to 465 different organisations.
One month ago, she donated $436,000,000 to Habitat for Humanity. The network’s 84 member organisations will split the money. She has also donated $281 million to the Boys & Girls Clubs of America and $275 million to Planned Parenthood this year.
A Forbes report claims that in the summer of 2016, Bridgespan Group emailed Leading Educators of New Orleans CEO Chong-Hao Fu on behalf of a “undisclosed” donor. Scott’s charitable efforts are coordinated by the Bridgespan Group.
The next thing Fu knew, he got a call just before he was about to give a keynote talk at a conference, informing him that Scott had decided to make a record-breaking $10 million gift to Leading Educators.
In his view, this means that the hotel lobby is where “our plans to extend to grow would genuinely come into fulfilment.” Fu predicts that within three years, Leading Educators will be able to more than double the number of teachers it assists thanks to the funding provided by this grant.
Scott’s business is extremely secretive because she doesn’t post contact information online or give interviews to the press. Nonprofit organisations cannot request for funding from her because she has no foundation on which to build. Her decision in December to stop publicising the size of her donations was made so that she could avoid having her lavish lifestyle be the subject of media attention.
She eventually admitted that she had been developing a website where people may apply for financial aid. In addition to posting a list of recipients on her Medium page once or twice a year, she will allow individual organisations to issue press releases stating that they have received a donation.
Background and Early Profession
A native San Franciscan, MacKenzie Scott (née Tuttle) entered the world on April 7, 1970. She grew raised in affluent Marin County as the daughter of a financial planner and a homemaker. She went to the Hotchkiss School in Lakeville, CT. While she was there, her father declared bankruptcy after an investigation by the SEC. Indicating that the family was wasteful, a judge banned her father from ever opening another financial enterprise.
Scott attended Princeton University where she majored in English and took classes taught by Toni Morrison, graduating in 1992.
Although she had always wanted to be a writer, she took a job at a hedge fund and relocated to New York City to pursue her dream. As an administrative assistant at the hedge firm, she crossed paths with senior vice president Jeff Bezos. Only three months into their courtship, they were already engaged. In 1993, the two tied the knot.
Following a happy 25-year marriage, Scott and Bezos have mutually decided to separate. They have a daughter and three sons between them. The couple divorced when he was worth $136 billion and she was worth about $35 billion. Both parties were in agreement that Jeff would retain voting rights for the shares he transferred to her.
Following her name change to MacKenzie Scott in the summer of 2020, she began a legacy of charitable giving, distributing $1.7 billion among 116 organisations. Later that year, she gave more than $4 billion to almost 400 organisations.In 2021, Scott remarried a Seattle public high school science teacher named Dan Jewitt.