Mackenzie Scott Reduces Amazon Stake, Donates Over $110 Million to DEI Causes | AI News Digest
Analysts report that macKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has drastically cut her investment in the tech giant, selling nearly half of her shares. A recent filing with the Securities and Exchange Commission indicates that Scott now holds 81.1 million shares, a reduction of 58 million from last year, translating to a decrease of about $12.6 billion based on current stock values. Nonetheless, her net worth remains formidable at an estimated $32 billion, buoyed by the appreciation of Amazon shares since her divorce in 2019. Over the last five years, Scott has pledged to donate the majority of her fortune, contributing $19 billion to a variety of nonprofit organizations, prioritizing diversity, equity, and inclusion (DEI) efforts. Her latest philanthropic efforts include substantial gifts to educational initiatives and historically Black colleges and universities, underscoring her commitment to charitable giving.
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