MacKenzie Scott Reduces Amazon Stake
Billionaire philanthropist MacKenzie Scott has reduced her stake in Amazon.com Inc. by 42% over the past year, according to a regulatory filing.
The filing shows Scott now holds 81.1 million Amazon shares, down from 139 million a year earlier, valued at about $12.6 billion based on Tuesday's closing price.
Scott is known for her philanthropy, particularly her practice of making large donations to small nonprofits without conditions or extensive reporting requirements.
She donated $2 billion to 199 organisations last year, bringing her total charitable contributions over roughly five years to $19.25 billion.
Scott's stake in Amazon stems from her 2019 divorce from company founder Jeff Bezos, where she received roughly 4% of the company as part of the settlement.
Author's summary: MacKenzie Scott cuts Amazon stake by $12.6 billion.
More News
- Ole Miss visits Oklahoma in critical Week 9 SEC matchup - HottyToddy.com - Ole Miss Sports, Oxford Entertainment, Dining & More
- Sonia Raman's Appointment Marks Milestone for Diversity in WNBA Coaching - sierraexpressmedia.com
- Kevin Porter Jr.'s absence already taking toll on Bucks
- Assassin's Creed Shadows: Official Nintendo Switch 2 Release Date and Price Revealed
- Dr Helen Edwards: ‘Now is the time to review staff supervision’ - Nursery World
- Thriving providers are not the ones performing for Ofsted
- Napoli v Inter Milan on TV – Watch Serie A football - TVWise.co.uk
- Linnets beaten again at home
- Flawless Bayern Munich post historic win at Borussia Mönchengladbach
- U.S. Intelligence Is Being Blinded by Trumpian Politics