MacKenzie Scott sold 65 million Amazon shares worth over $10 billion in the last year

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CNN
 — 

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

In 2023, she unloaded practically 65.3 million shares of Amazon, at the moment value greater than $10 billion, based on a submitting.

After her divorce from Amazon founder Jeff Bezos was finalized in 2019, Scott grew to become the wealthiest lady on the earth, receiving about 19.7 million shares, equal to 4% of Amazon’s complete 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% stake within the firm.

In 2019, Scott signed the Giving Pledge, a promise signed by tons of of the world’s richest folks to offer away nearly all of their wealth. The pledge has been signed by enterprise titans like Warren Buffett, Invoice Gates and Mark Zuckerberg.

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

In December, Scott announced that she had made $2.15 billion in donations over the previous 12 months by way of her basis, Yield Giving. The nonprofit had donated to 360 organizations, based on the announcement.

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

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