MacKenzie Scott, the billionaire philanthropist and former wife of Jeff Bezos, has reduced her Amazon.com stake by 42% since last year, Bloomberg News reported, citing a new regulatory filing.
Scott now holds 81.1 million Amazon shares, a decrease of 58 million shares from the prior year. At Tuesday’s closing price, that reduction is valued at approximately $12.55 billion. The disclosure, dated September 30, indicates one of the largest single-year sell-offs of Amazon stock by Scott since she received her stake in the company.
As part of her 2019 divorce settlement, Scott received 4% of Amazon’s shares, worth $36 billion at the time. Since then, she has donated more than $19.25 billion to over 2,450 non-profit organizations through her platform Yield Giving, known for its unrestricted and transparent funding model.
A separate filing listed Jeff Bezos as owning 964 million Amazon shares, including those over which he retains sole voting control. Amazon has not issued a public statement regarding Scott’s recent stock sale.
Scott’s continued divestments are seen as part of her strategy to convert wealth into philanthropic impact, accelerating her goal of giving away the majority of her fortune.
