Jeff Bezos ex-wife, MacKenzie Scott donates $4.2 billion to 384 organizations

Share to friends

Mackenzie Scott, the billionaire former wife of Amazon’s CEO Jeff Bezos, announced on Tuesday she is donating $4.2 billion to 384 organizations.

The announcement comes barely four months after she donated $1.7 billion to 116 organizations.

“The pandemic has been a wrecking ball in the lives of Americans already struggling,” Scott wrote in a post on Medium.

“Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”

With a net worth of over $60 billion, Mackenzie Scott was named the world’s richest woman in September this year. She is the 18th richest person in the world, according to the Bloomberg Billionaires Index.

READ ALSO  Democrats release 20 names for the 2020 U.S. presidential first primary debate

In her Medium post, she listed nearly 400 organizations that received funds from her, some of which include three North Carolina Historically Black Colleges and Universities: Winston-Salem State University, Elizabeth City State University and North Carolina Agricultural and Technical State University.

Also included on the list were the YMCA of Greater Charlotte, Food Bank of Central & Eastern North Carolina, Goodwill Industries of Northwest North Carolina and Goodwill Industries of Upstate/Midlands South Carolina.

The billionaire novelist and venture philanthropist noted in the post that her team reviewed more than 6,490 organizations to determine which organizations need fund the most based on the criteria that they set.

READ ALSO  Man drives away from court few minutes after judge ordered him not to drive

She said that she combined “suggestions and perspectives of field experts, funders and non-profit leader and volunteers with decades of experience” in her determination.

“We do this research and deeper diligence not only to identify organizations with high potential for impact, but also to pave the way for unsolicited and unexpected gifts given with full trust and no strings attached,” Scott said in the post. “Because our research is data-driven and rigorous, our giving process can be human and soft.”

Mackenzie Scott’s wealth increased following a surge in Amazon’s (AMZN) stock during the pandemic. Scott received a quarter of Bezos’ Amazon shares during their 2019 divorce.

MacKenzie Scott, Jeff Bezos ex-wife, becomes the world’s richest woman

LEAVE A REPLY

Please enter your comment!
Please enter your name here

20 − 12 =