NEW YORK, USA – MacKenzie Scott, the philanthropist, accomplished author, and former wife of Jeff Bezos, has seen a substantial surge in her net worth of $10.5 billion, according to the latest estimations by Forbes billionaire index.
As of April 7, 2023, Scott’s estimated net worth stood at $24.4 billion, but the recent calculations present an impressive figure of $34.9 billion.
This signifies a 43.03% increase, highlighting substantial financial gains made within a brief period.
Scott’s wealth principally derives from her 4% stake in Amazon, acquired in her divorce settlement from Bezos in 2019.
The recent surge in Amazon’s share price has been a key driver of her increasing fortune.
Notably, Scott’s net worth has experienced fluctuations this year.
Yet, with her $34.9 billion fortune, she holds the sixth position on the Forbes richest women list.
The increase in wealth has done little to deter her philanthropic endeavors.
Scott has long been recognized as one of the world’s most generous philanthropists, underscored by her commitment to the Giving Pledge in 2019.
Despite her financial gains, she continues to donate generously to various charitable causes.
Market trends reveal that her Amazon stake has appreciated by 2.10% over the past month, moving to $130.00 from $128.00.
When Scott’s net worth was at $24.4 billion, Amazon’s share price stood at $102.06.
Alongside her wealth growth, Scott’s dedication to philanthropy remains unflinching.
Earlier this year, she made headlines with the announcement of a $250 million “open call” for community-focused nonprofits through her organization, Yield Giving.
The aim is to provide unrestricted $1 million donations to 250 selected nonprofits driving positive change in their communities.
Nonprofits with annual operating budgets between $1 million and $5 million for at least two of the past five years qualify for consideration.
Scott’s determination to utilize her wealth for the betterment of society continues to inspire.
As her net worth climbs, her commitment to philanthropy and creating a lasting social impact remains robust.
MacKenzie Scott, previously married to Amazon founder Jeff Bezos for 25 years and mother to their four children, gained a 4% stake in Amazon as part of her 2019 divorce settlement.
Soon after the divorce announcement on Twitter, Scott committed to the Giving Pledge, vowing to donate at least half her wealth over her lifetime to deserving causes.
She operates Yield Giving, a platform to share her philanthropic initiatives. Since 2020, she has donated a staggering $14.4 billion to nearly 1,600 nonprofits.
Her approach allows organizations full autonomy over the funds, encapsulating a “no strings attached” style of giving.
Beyond her philanthropic pursuits, Scott has published two novels and studied under the renowned author Toni Morrison at Princeton.
As her wealth grows, so too does her enduring commitment to philanthropy and creating lasting social change.
