MacKenzie Scott sold 65 million Amazon shares worth more than US$10B in the last year

MacKenzie Scott continues to promote billions of {dollars} in Amazon inventory.

In 2023, she unloaded almost 65.3 million shares of Amazon, presently value greater than US$10 billion, in line with a submitting.

After her divorce from Amazon founder Jeff Bezos was finalized in 2019, Scott turned the wealthiest girl on the planet, receiving about 19.7 million shares, equal to 4 per cent of Amazon’s whole excellent shares, within the settlement. She has since bought off parts of her Amazon stake, donating billions of {dollars} to charity.

Bezos retained the voting rights to Scott’s shares as a part of the settlement, which is why he reported them to the SEC when disclosing his 11.5 per cent stake within the firm.

In 2019, Scott signed the Giving Pledge, a promise signed by tons of of the world’s richest individuals to present away the vast majority of their wealth. The pledge has been signed by business titans like Warren Buffett, Bill Gates and Mark Zuckerberg.

Bezos will not be a signatory, although he informed CNN in 2022 that he deliberate to commit the majority of his wealth to combating local weather change and supporting individuals who can unify humanity.

In December, Scott introduced that she had made US$2.15 billion in donations over the previous 12 months by her basis, Yield Giving. The non-profit had donated to 360 organizations, in line with the announcement.

Although Scott has bought billions of {dollars} value of Amazon shares in recent times, her web value remains to be greater than US$37 billion, in accordance to Bloomberg’s Billionaire Index.