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Home / Business / McKenzie Scott has donated $ 1.7 billion since his divorce from Jeff Bezos

McKenzie Scott has donated $ 1.7 billion since his divorce from Jeff Bezos



Mackenzie Scott, Jeff Bezos’ ex-wife, said she donated nearly $ 1.7 billion to more than 100 charities on Tuesday after divorcing Amazon’s founder last year.

In a lengthy blog post, Scott wrote that she was concerned about this year’s events, but he worked with a group of advisers to support nonprofits related to human rights, the environment and social causes. The move comes after she signed a Pledge, a public pledge among the world’s richest people to donate at least half of their wealth over a lifetime.

“I have no doubt that someone̵

7;s personal wealth is the product of collective efforts and social structures that present innumerable opportunities and obstacles for some people,” Scott wrote in his post. “Like many, I watched the first half of 2020 with a mixture of heartbeat and horror. Life will never stop looking for new ways to expose inequalities in our systems. ”

To date, Scott has donated more than $ 586 million to racial capital initiatives, $ 46 million to LGBTQ groups, $ 133 million to gender justice, and $ 125 million to climate change efforts. Its list of beneficiaries includes major nonprofits, including Lambda Legal, The Nature Conservancy and the National City League, as well as Seattle-based charities, including the United Way of King County.

“I recommend these organizations to anyone who is similarly excited about empowering leaders who are in a position to accelerate progress,” Scott wrote. “Each is addressing complex challenges that will require ongoing efforts for many years, while addressing the effects of the COVID-19 pandemic.”

All donations were unlimited, unless the groups asked for another, Scott said, to give organizations “maximum flexibility.”

“It’s surreal,” said Angelica Albert, executive director of the American Indian Graduation Center and a beneficiary to Scott. “It simply came to our notice then [Scott’s] trust us to truly promote racial justice and fairness. It gives us the opportunity to do what is right for our community. ”

Reuters notes that at the time of her divorce, Scott’s 4 percent stake in the Amazon was worth about $ 36 billion, making her one of the richest women in the world. That figure has risen to more than $ 60 billion this year after sharp jumps in Amazon’s stock price.

Bezos himself has not made such a promise to donate most of his wealth, although this year he announced multibillion-dollar charitable events, including a $ 10 billion fund to fight climate change.

In her post, Scott said she would continue to talk about the organizations she chose to support, “because my application continues in the coming months and years.”

“While this work continues and will continue for years, I am posting an update today because my own reflection after recent events has revealed a dividend of privilege that I did not pay attention to: the attention I can draw to organizations and leaders driving change.” she wrote.




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