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Mackenzie Scott Donates $1.7 Billion to Charity

24 April 2018, Germany, Berlin: Head of Amazon Jeff Bezos and his wife MacKenzie Bezos arrive for the Axel Springer award ceremony. Bezos will be receiving the award later. Photo: Jörg Carstensen/dpa (Photo by Jörg Carstensen/picture alliance via Getty Images)

In 2019, Jeff Bezos and MacKenzie Bezos went through a divorce settlement marked as the largest in world history. Forming part of the settlement, Bezos transferred to her, 25% of his stock in Amazon valued at more than $35billion.

Mackenzie Bezos, who now goes by the last name ‘Scott’ after her grandfather, became the  third-richest woman in the world. Presently, she is the richest woman in America with a fortune of $62.3 billion according to Forbes.

Yesterday, Scott announced details of her donation of $1.7 billion in furtherance of a pledge also made by Warren Buffett and Bill and Melinda Gates to donate at least half of her net worth to philanthropic causes.

She wrote, “Last year I pledged to give the majority of my wealth back to the society that helped generate it, to do it thoughtfully, to get started soon, and to keep at it until the safe is empty. There’s no question in my mind that anyone’s personal wealth is the product of a collective effort, and of social structures which present opportunities to some people, and obstacles to countless others.”

The large sum was spread across a range of causes including Racial Equity, LGBTQ+ Equity, Gender Equity, Economic Mobility, Empathy & Bridging Divides, Functional Democracy, Public Health, Global Development, Climate Change.

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