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News MacKenzie Bezos, worth nearly $37 billion, will give half her fortune to charity
Jeff Bezos owns 12 per cent of Amazon with a net worth of $171.6 billion. She said she envisioned the money would help fund student scholarships and campus improvement projects.“The gift will allow us to become the Tuskegee of the 21st century,” she said.In her post, Ms. Scott said that last fall she asked a team of nonprofit advisers to help her identify organizations that have directly helped marginalized groups.“I began work to complete my pledge with the belief that my life had yielded two assets that could be of particular value to others: the money these systems helped deliver to me, and a conviction that people who have experience with inequities are the ones best equipped to design solutions,” Ms. Scott wrote.She added that the work of giving away more than half her fortune “will last for years.”Unlike other ultrawealthy donors, who often establish their own foundations, Ms. Scott gave directly to causes and underrepresented groups doing work on the ground, said Rob Reich, a Stanford University political science professor who has written about the He also noted that her donation had no strings attached, an approach he praised as “anti-paternalistic.”But Professor Reich emphasized that the public should realize that the Giving Pledge does little to a reduce a person’s overall wealth.“If you pick the year that someone signed the Giving Pledge and look at their wealth today, almost all of those people today have more wealth than they did when they signed the Giving Pledge,” he said. MacKenzie Bezos was there from Day 1 helping to build and conceptualize what became Amazon.
rights reserved. One year after pledging to give away most of her fortune, Ms. Scott, an author and the ex-wife of Jeff Bezos, announced that she had donated to causes supporting women, L.G.B.T. Following Bezos' announcement about the donation in April, many pointed out that the sum accounted for less than 1 percent of his fortune, according to CNBC. "Like many, I watched the first half of 2020 with a mixture of heartbreak and horror," Scott said.MacKenzie Scott had married Jeff Bezos in 1993 and they have four children. "Scott published details about her expanded donation efforts as her ex-husband's net worth continues to increase. All rights reserved. Mackenzie Scott is now the second richest woman in the world after L'Oreal heiress Francoise Bettencourt Meyers.Amazon founder Jeff Bezos ex-wife MacKenzie Scott, 48, has donated nearly $1.7 billion to various social causes linked to gender, race and equality.
) His ex-wife MacKenzie Scott received a 4 per cent stake in Amazon as part of the split.
"MacKenzie who had taken 4 per cent stake in Amazon after the divorce with Bezos last year and saw her fortune rocket to $56.9 billion after the company's stocks surged over 4 per cent in the stock exchange earlier this month. Reuters rights and racial equality.MacKenzie Scott, one of the world’s richest women, pledged one year ago to give away her money On Tuesday, Ms. Scott, an author and philanthropist who was once married to Jeff Bezos, the chief executive of Amazon, said she had so far given $1.7 billion to a long list of institutions, including historically Black colleges and universities as well as organizations that support women’s rights, L.G.B.T.Q.
"I gave each a contribution and encouraged them to spend it on whatever they believe best serves their efforts," MacKenzie said, adding, "every one of them is tackling complex challenges that will require sustained effort over many years, while simultaneously addressing consequences of the COVID-19 pandemic.
Those focusing on issues related to economic mobility received close to $400 million, the second-highest sum.Following up on the commitment I made last year to give away the majority of my wealth in my lifetime: Scott said she selected the 116 organizations listed with help from a team of advisors "with key representation from historically marginalized race, gender, and sexual identity groups," who provided insight into groups effecting significant change.More than 80 percent of gender equity groups that received donations are operated by women, more than 90 percent of racial equity groups are operated by leaders of color, and all LGBTQ groups are operated by LGBTQ leaders. She also posted on Twitter that she has changed her last name to Scott -- …
MacKenzie Scott is an author and the ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. Her comments came in a Tuesday post on Medium. During the divorce settlement, MacKenzie Scott gave up her stake in The Washington Post and Bezos's space exploration firm Blue Origin including her voting control at Amazon. Electricity provider Con Edison said that power was restored to parts of New York's Manhattan area after an outage early . Offers may be subject to change without notice. © 2020 Newsmax. MacKenzie who had taken 4 per cent stake in Amazon after the divorce with Bezos last year and saw her fortune rocket to $56.9 billion after the company's stocks surged over 4 per cent in the stock exchange earlier this month. On Tuesday, Scott shared a breakdown detailing more than $1.6 billion in donations to non-profit organizations since her divorce from the Amazon CEO last year. MacKenzie Scott, the former wife of Amazon boss Jeff Bezos, is detailing how she has already given away $1.7 billion of her personal fortune.
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