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MacKenzie Scott sold Amazon shares worth over $10 bn over last year

MacKenzie Scott continues to sell billions of dollars in Amazon stock, the media reported.

New York, Jan 27,2024:  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.

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