Jeff Bezos’ ex-wife MacKenzie Scott has reportedly slashed her stake in Amazon by about 42%, or $12.6 billion, over the past year.
Scott now holds 81.1 million shares of the e-commerce giant, down 58 million from this time last year, according to a regulatory filing dated Sept. 30 that was viewed by Bloomberg.
The 55-year-old philanthropist has donated more than $19 billion since her 2019 divorce from the Amazon founder.
She has vowed to give most of her fortune away.
Scott has gained a reputation for giving billions to small nonprofits with no conditions on the recipients and minimal reporting requirements — a stark contrast to her billionaire peers who often make high-profile donations to larger charities — Bloomberg noted.
Last year, she donated $2 billion to 199 organizations, her Yield Giving website stated.
Bezos, meanwhile, now owns 9% of the company he founded in 1994 after selling off more than 100 million shares over the past year, according to a Tuesday securities filing.
As of Wednesday, he had a net worth of $230.2 billion and Scott was worth about $32.5 billion, according to Forbes.
Scott walked away with about 4% of Amazon after her divorce from Bezos.
They’d been married for about 25 years.
She has grown richer since the split, with the stock soaring about 150% in the interim.
Bezos still maintains final approval over any changes to her holdings, and the pair are required to disclose their sales annually.
In the apparent absence of a prenup for the marriage, Scott could have pushed for more of their shared 16% stake in Amazon.
Experts speculated she didn’t fight for a larger portion because that could have worried investors and reduced the value of the company’s shares.
Credit: Source link
