Mackenzie Scott Donates Majority Of Her Wealth, $1.7bn, To Charity

[RAMROD 117,023]

You may know her as MacKenzie Bezos before the divorce from Amazon boss, Jeff Bezos, last year (2019)

 

MacKenzie Scott, Amazon boss Jeff Bezos's ex-wife, says that she has given $1.7bn (£1.3bn) to charity to date.

She has made donations to historically black US colleges, climate change groups and health organisations.

 

Ms Scott said she had given more than $586m to racial justice organisations and $399.5m to groups aimed at advancing economic mobility. Other causes included gender equality, global development and LGBTQ equality.

The list of organisations includes those linked to former US presidents Barack Obama and George W Bush, the labour advocacy group One Fair Wage, and other non-profits such as Black Girls Who Code.

The $20m gift to Tuskegee University, a historically black college, is the largest in the school's history, president Lily McNair said.

Ms Scott posted about the gifts on social media, also saying that she has changed her surname from Bezos.

She is the second-richest woman in the world, with a fortune of more than $62bn, according to Forbes.

She and Mr Bezos divorced last year.

The novelist, who married Mr Bezos a year before he founded Amazon and was one of the firm's first employees, received a 4% stake after the split.

Shortly after announcing the divorce, Ms Scott signed the Giving Pledge, joining a campaign founded by billionaire investor Warren Buffett and ex-Microsoft boss Bill Gates and his wife Melinda. It commits the wealthy to give away the majority of their fortunes to charity.

Ms Scott said she had "watched the first half of 2020 with a mixture of heartbreak and horror" and was providing an update on the donations to draw attention to the causes during the coronavirus pandemic.

 

SOURCE:

https://www.bbc.com/news/business-53574954

 

Now that's what I called wearing the trousers. A power move. I love that for her! 

[March34th 1,973]

i think i would die for her

[GagaSine 7,464]

Tbh I think it would have been better spent by giving it directly to people/communities instead of organizations, especially ones founded by Bush  still an impressive and generous feat for a rich person!

[RAMROD 117,023]

2 minutes ago, GagaSine said:

Tbh I think it would have been better spent by giving it directly to people/communities instead of organizations, 

That's not gonna work, cos people are greedy and have their own agenda, it would cause riots instead. 

 

[Helxig 45,336]

Good people exist?    this is the hope I need to go on

[GagaSine 7,464]

Just now, RAMROD said:

That's not gonna work, cos people are greedy and have their own agenda, it would cause riots instead. 

 

I disagree tbh i’m not saying stand on the street corner and hand out wads of cash, I just don’t trust charities especially those run by the wealthy 

[RRR 3,996]

Oh sweetie you should have donated me at least a flimsy 1m

[GagaSine 7,464]

1 minute ago, LadyGoo said:

Oh sweetie you should have donated me at least a flimsy 1m

Literally an extra 50k would change my whole life and that is pocket change to these people 

[Doot 2]

[Knife 7,079]

Commendable. Even after giving that money away, she can still live VERY comfortably.

[PunkTheFunk 125,703]

That's amazing, but it's not exactly the "majority" of her wealth yet. She's worth $60 BILLION. 

[RAMROD 117,023]

4 minutes ago, PunkTheFunk said:

That's amazing, but it's not exactly the "majority" of her wealth yet. She's worth $60 BILLION. 

 

Net worth $60B doesn't mean someone actually have $60B at hand, there are a lot misconception about net worth, and thi one is of the commonones. Net worth are counted from all things you owned, your debts, your properties, any shares in companies, your liabilities. It is not the money that you can instantly have, it is just that you owned it.

[PunkTheFunk 125,703]

Just now, RAMROD said:

Net worth $60B doesn't mean someone actually have $60B at hand, there are a lot misconception about net worth, and thi one is of the commonones. Net worth are counted from all things you owned, your debts, your properties, any shares in companies, your liabilities. It is not the money that you can instantly have, it is just that you owned it.

The title said "Majority of her wealth" not "Majority of her cash on hand"

[Guest WhoDoWeHaveHere]

40 minutes ago, PunkTheFunk said:

That's amazing, but it's not exactly the "majority" of her wealth yet. She's worth $60 BILLION. 

Well she's only 50 years old. It's a pledge to give away the majority of your fortune in your lifetime. So she's still got probably 30 to 40 years to give away the rest. I'd say she just started and it's commendable.