MacKenzie Scott's Mission-Driven Investing Pushes Back Against Wealth Concentration: Amazon Stock Rich Philanthropist Pledges $2 Billion In Donations

Quick Summary:

MacKenzie Scott, one of America’s wealthiest philanthropists, announced $2 billion in new charitable donations for 2024, while revealing a strategic shift toward mission-aligned investments for her remaining fortune.

What Happened: Scott, who received approximately 400 million Amazon.com Inc.shares in her 2019 divorce settlement from founder Jeff Bezos, has recently sold 11% of her Amazon holdings, valued at over $8 billion.

The latest round of giving brings her total donations since 2019 to $19.2 billion, according to her Wednesday blog post on Yield Giving.

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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United States

Topics: News Kaustubh Bagalkote Jeff Bezos Benzinga Mackenzie Scott Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 05:39:33 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 314 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24544517

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