Mackenzie Scott’s Net Worth – About Mackenzie Scott’s Donation

Mackenzie Scott’s net worth is $43.6 billion, down $9.4 billion, or 18%, from last year. Not that his billions in quick donations aren’t taking their toll. Scott became a billionaire in 2019 after Bezos transferred a quarter of his Amazon holdings. 19.7 million shares — to her as part of their divorce reimbursement. As a result, Scott was the 22nd wealthiest woman in the World in 2020 (valued at $36 billion at the time) and the 22nd richest in 2021 ($53 billion). Now, she has fallen to the 30th most prosperous place.

Despite the large sum of his donations, Scott remains among the wealthiest people in the World. He is ranked 22nd in Forbes magazine, with an estimated fortune of US$59.5 billion.

Mackenzie Scott donate more than $2 billion to charity

Scott said via his blog that he wanted to give the money to those “who have historically overlooked and underfunded.” The writer chose 286 organisations that fight against racial inequality and promote arts and education.

Much of her fortune stems from her divorce, in 2019, from Bezos, the wealthiest man in the World. As part of the deal over the marriage, Scott ended up with 4% of Amazon stock, having helped the businessman start the tech giant in 1994.

Scott had already posted information about his charitable donations. In December, she revealed that she had given, in just four months, more than $4 billion to women-led charities, food banks, and majority black community colleges.

Despite the large sum of his donations, Scott remains among the wealthiest people in the World. He is ranked 22nd in Forbes magazine, with an estimated fortune of US$59.5 billion.

Among the 25 most prominent donors in the US

The 25 most prominent donors in the United States have contributed 169,000 million dollars (149,015 million euros) to charity throughout their lives, and part of that money comes from Scott’s fortune.

In 2020, the writer donated 5,800 million dollars (5,114 million euros) to 500 different entities in the country, while in 2021. The figure was 2,700 million (2,380.7 million euros), distributed among 286 groups of “high-impact”. Such as the Children’s Defense Fund and the National Council of Nonprofit Organizations.

In addition, Scott made public on Medium that he had made more donations but did not specify the amount or the recipients of them. Therefore, FORBES only considered the known figures when including her in its ranking of The 25 most philanthropic billionaires in the United States in 2022, led by Warren Buffett, in which she occupies the fifth position. At the same time, it is considered one of The 100 Greatest Powerful Women in the World in 2021.

Millionaire divorce

Mackenzie Scott and Jeff Bezos ended their marriage in mid-2019 after 25 years. Nevertheless, the most affluent couple in the World up to that moment managed to reach an agreement in which she obtained some 35,000 million dollars (30,828 million euros) and 4% of the shares of Amazon. Which meant 25% of the total that the founder of the company had. Thus, Scott became the fourth wealthiest woman on the planet.

A year after increasing his wealth, he recalled through his Twitter account that he was continuing with his commitment in mid-2019 to return most of his wealth to the society that helped him generate it. And her words have not been in vain.

The focus of the businesswoman’s donations, whose net worth estimated by FORBES currently amounts to 48,900 million dollars (44,491.9 million euros), is racial, gender, and economic inequality.

Public donations

As we mentioned, Scott has made his donations public on Medium. In addition, Bezos’s ex-wife uses this blog to tell the fate of part of her fortune after the divorce. Showing that her rate of donations is faster than that of other billionaires, including her ex-husband De Ella.

In the said publication, he did not specify what one of the donated amounts was, receiving criticism for his lack of transparency. However, in his defence, a few days later, he announced that he would share more details about it and revealed that he was preparing a website to share all the information related to his philanthropic facet.

What is known so distant is that he was divorced two years ago. He has distributed at least 8.6 billion dollars (7,577.8 million euros) among 780 organisations focusing on racial justice, gender equality, and public health. A figure much higher than that of her ex-husband.

Businessman but also philanthropist

Jeff Bezos appears in 16th place on the list, whose fortune estimated by FORBES amounts to 189,200 million dollars (172,150.6 million euros).

The donations that the founder of the electronic commerce giant has made throughout his life have been 2,100 million dollars (1,850 million euros), a figure well below that of Scott.

However, Bezos announced in February 2021 that he was retiring as Amazon CEO and becoming chairman. He has accelerated his role as a philanthropist enough to make a list for the first time.

In 2021, the founder of the e-commerce giant announced that he would donate 1,000 million dollars (880.6 million euros). The highest figure since Amazon went public in 1997, of which 443 million (390.2 million euros) allocate to environmental organisations from The Bezos Earth Fund.

One hundred million (88 million euros) to the foundation of Barack Obama, former president of the United States, and 96 million (84.5 million euros) to nonprofit organisations. For-profits that help homeless families through the Bezos Day One Fund.

Just before Bezos flew on his Blue Origin rocket in July 2021, the Smithsonian’s National Air and Space Museum announced that they had received a $200 million (€176.2 million) donation from the founder of Amazon, without offering more detailed information.

Conclusion

However, despite being the wealthiest person on the planet, the founder of Amazon is not in a hurry to donate money to charities. Thus, according to data from Forbes, Mackenzie donated more than 8.6 billion dollars to charity. Which means 16% of his fortune, only in recent years.