• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Jeff Bezos' ex-wife sells off $8,000,000,000 in Amazon shares to fund something very important

Home> News> Tech News

Published 17:21 2 Dec 2024 GMT

Jeff Bezos' ex-wife sells off $8,000,000,000 in Amazon shares to fund something very important

The soaring stock price has allowed her to give back in a big way

Harry Boulton

Harry Boulton

Jeff Bezos' ex-wife MacKenzie Scott has been using her Amazon-bound fortune for good, after selling off billions in shares to give to countless charities and nonprofits.

MacKenzie Scott became the third wealthiest woman in the entire world following her divorce from Jeff Bezos in 2019, earning stocks worth around $35.6 billion because of her contributions to Amazon from the very beginning.

Unlike Bezos however, who frequently appears atop the list of the richest individuals in the world, Scott has vowed to give away most of her fortune, helping those in need with extremely generous donations.

MacKenzie Scott has donated much of her post-divorce fortune to charity (Dia Dipasupil/Getty Images)
MacKenzie Scott has donated much of her post-divorce fortune to charity (Dia Dipasupil/Getty Images)

Advert

She has just recently sold another $8 billion worth of Amazon shares in order to fund her charitable ventures, which equates to around 11% of her overall total.

As reported by Yahoo! Finance, Scott has sold or donated 255 million Amazon shares - around $37 billion in current value - since divorcing Bezos, with almost all of it going to various charities and nonprofit organizations.

It is recorded that her charitable donations exceed $17 billion across over 2,300 nonprofits, which brings her towards the top of the list when it comes to charitable individuals in the US - one could argue the inverse of Bezos who has increased his own fortune.

While Amazon's current executive chairman has invested his fair share into different companies, including some that are researching life-extending drugs, Scott's interests lie in those that help the many, and she often stipulates that there are no conditions for companies receiving her donations.

Advert

She has also donated to a wide range of different organizations, including abortion pill delivery services, relief for rural communities, the Howard University College of Medicine, and the Asian-American Journalists Association.

Scott has targeted a wide range of charities with multi-million dollar donations (Jorg Carstensen/dpa/AFP via Getty Images)
Scott has targeted a wide range of charities with multi-million dollar donations (Jorg Carstensen/dpa/AFP via Getty Images)

She has even gone as far to donate her own mansions to charity, giving away her two Beverly Hills domiciles in a fortune that soars beyond $55 million.

While Scott's single donation numbers are comparatively small when placed next to some other billionaires, often not exceeding the $10 million mark according to Benzinga, the significantly wide-scale nature of her actions more than makes up for the 'lower' monetary values.

Advert

Some have even stated that Scott's donations have emboldened companies in the eyes of other philanthropists, opening them up for further donations beyond her initial actions.

While Bezos remains seemingly happy post-divorce, having now become engaged to his fiancé Lauren Sánchez, it is hard to ignore the disparity between the pair's actions with their post-break-up fortunes.

Featured Image Credit: Jerod Harris / Stringer / Taylor Hill / Contributor / Getty
Amazon
Jeff Bezos
Tech News

Advert

Advert

Advert

  • Jeff Bezos sells $666,000,000 of Amazon stock days after extravagant wedding
  • Jeff Bezos makes vulnerable post honouring his mom as she dies at age 78
  • Jeff Bezos ‘almost killed’ by ex-Amazon assistant on her first assignment
  • Amazon employee hired on the spot by Jeff Bezos after they answered his two most important questions perfectly

Choose your content:

an hour ago
2 hours ago
3 hours ago
  • an hour ago

    Warning issued following spotting of infected ‘zombie’ squirrels covered in sores and warts in US

    Could this be the start of the apocalypse?

    Science
  • 2 hours ago

    Second richest woman in the world has insane net-worth of $95,000,000,000 and most people don't know who she is

    Françoise Bettencourt Meyers is up there with the likes of Elon Musk and Jeff Bezos in terms of wealth, despite not being a household name

    News
  • 2 hours ago

    Viral Celina 52 Truck Stop reveals shocking truth behind their photos amid AI accusations

    UNILADTech went straight to the source of the story

    News
  • 3 hours ago

    Elon Musk makes AI feature that 'gives you superhuman powers' free for everyone worldwide

    Elon Musk's new AI tool promises superhuman possibilities

    News