With stay at home restrictions in effect, online shopping has been a financial boon for Amazon CEO Jeff Bezos whose e-commerce behemoth giant continues to experience incredible revenue increase despite the US economy’s downturn.
But recently there is one person who seems to be doing even better than Mr. Bezos: his ex-wife. MacKenzie Scott, who was previously married to the Amazon boss for 26 years, recently made headlines on her own terms after sharing she has given away more than $4.2 billion of her wealth in the last four months.
Credit: Kevork Djansezian/Getty Images via Forbes Italia
Once Scott finalized her divorce from Bezos in 2019, she became the fourth richest woman in the world, according to Forbes, joining a list headed by Alice Walton, the daughter of Walmart’s founder, and Francoise Bettencourt Meyers, granddaughter of L’Oréal founder Eugène Schueller. Scott’s current net worth of $60 billion makes her the 18th richest person in the world as ranked by the Bloomberg Billionaires Index. In May of 2019, she had pledged to give away at least half of her fortune and by July, had donated $1.7 billion to 116 charities.
“This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote last week in a Medium post titled 384 Ways to Help. Through a team of advisors, Scott says she was able to accelerate her 2020 to provide more immediate support to people suffering from the economic effects of the pandemic. The team “took a data-driven approach” to identifying organizations with strong leadership teams and demonstrable results that are addressing issues such as food insecurity or poverty, or are providing public services such as education or legal defense.
The result of their research led them to shortlist 6,490 organizations, 384 of which received a donation from Scott, bringing her total donations for this year alone to $6 billion. Scott’s gifts for 2020 alone are being recognized as “one of the biggest annual distributions by a living individual” to working charities, says Melissa Berman of Rockefeller Philanthropy Advisors.
In a year where billionaires are said to have done “extremely well” in the Covid crises, according to Swiss bank UBS, a number of celebrities, athletes and business leaders have seen Covid-19 and other social causes as an opportunity to give back.
Tech executives such as Twitter co-founder Jack Dorsey, moved $1 billion of his assets to a fund supporting pandemic relief, while Bill and Melinda Gates have used their foundation to commit $305 million toward strengthening global efforts to fight the virus. In June, basketball icon Michael Jordan pledged to give $100 million to Black Lives Matter and other social justice causes over the next decade, while author JK Rowling donated $1 million to aid homeless people and those facing domestic abuse during the pandemic.
We use cookies to enhance and personalize your experience, and to analyze traffic on our website. For more information, see our Cookie Policy. ACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.