IANS | 29 Jan, 2024
MacKenzie Scott continues to sell billions of dollars in Amazon stock, the media reported.
In 2023, she unloaded nearly 65.3 million shares of Amazon,
currently worth more than $10 billion, according to a filing, CNN
reported.
After her divorce from Amazon founder Jeff Bezos was
finalised in 2019, Scott became the wealthiest woman in the world,
receiving about 19.7 million shares, equal to four per cent of Amazon's
total outstanding shares, in the settlement. She has since sold off
portions of her Amazon stake, donating billions of dollars to charity,
CNN reported.
Bezos retained the voting rights to Scott's shares
as part of the agreement, which is why he reported them to the
Securities and Exchange Commission when disclosing his 11.5 per cent
stake in the company.
In 2019, Scott signed the 'Giving Pledge', a
promise signed by hundreds of the world's richest people to give away
the majority of their wealth. The pledge has been signed by business
titans like Warren Buffett, Bill Gates and Mark Zuckerberg, CNN
reported.
Bezos is not a signatory, though he said in 2022 that he
planned to devote the bulk of his wealth to fighting climate change and
supporting people who can unify humanity.
In December, Scott
announced that she had made $2.15 billion in donations over the past
year through her foundation, Yield Giving. The non-profit body had
donated to 360 organisations, according to the announcement.
Although
Scott has sold billions of dollars worth of Amazon shares in recent
years, her net worth is still more than $37 billion, according to
Bloomberg's Billionaire Index, CNN reported.