In a world where billionaires often hoard their wealth or engage in self-serving philanthropy, MacKenzie Scott is flipping the script with a bold and

MacKenzie Scott Sells $8 Billion in Amazon Shares for Charitable Causes

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2024-11-18 16:30:06

In a world where billionaires often hoard their wealth or engage in self-serving philanthropy, MacKenzie Scott is flipping the script with a bold and refreshing approach to giving.

The former wife of Amazon founder Jeff Bezos has once again made headlines by selling an astonishing $8 billion worth of Amazon shares, further solidifying her status as one of the most generous living donors in the United States.

Since her divorce settlement in 2019, which gifted her approximately 400 million shares, Scott has strategically liquidated a staggering total of 255 million shares, valued at around $37 billion.

This latest sale not only underscores her commitment to philanthropy but also highlights a seismic shift in how ultra-wealthy individuals can—and should—distribute their fortunes.

Unlike many of her billionaire peers who often attach strings to their donations, she champions unrestricted funding, allowing nonprofits the freedom to allocate resources where they are most needed.

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