What is Mackenzie Scott’s net worth
Mackenzie Scott is a well-known name in the world of philanthropy. The ex-wife of Jeff Bezos, the founder of Amazon, has earned her own reputation through her generous donations to various non-profit organizations. Scott is a self-made billionaire with an inspiring story that began with humble beginnings. This article delves into her net worth, early life, personal life, and how she spends her fortune.
Early Life and Career
Mackenzie Scott (formerly Bezos) was born on April 7, 1970, in San Francisco, California. She grew up in a family of financial planners and went on to attend Princeton University, where she obtained a degree in English literature. After graduating, she started working as a research associate for the investment management firm D.E. Shaw & Co. in New York. It was here that she met Jeff Bezos, who was also working at the firm.
The two got married in 1993 and moved to Seattle, Washington, where Jeff founded Amazon. Mackenzie played a critical role in the early years of Amazon, serving as one of the company’s first employees and as its accountant. She also played a significant role in writing the company’s business plan and helped establish its first office.
During her time at Amazon, Mackenzie Scott also pursued her passion for writing. She published her first novel, “The Testing of Luther Albright,” in 2005, which won the American Book Award. She went on to publish a second novel, “Traps,” in 2013.
In 2019, after 25 years of marriage, Mackenzie Scott and Jeff Bezos announced their divorce. As part of the settlement, Mackenzie received a 4% stake in Amazon, worth approximately $36 billion, making her one of the richest women in the world.
Since her divorce, Mackenzie Scott has become an active philanthropist, giving away billions of dollars to various causes. In 2020, she donated $1.7 billion to 116 organizations, including historically black colleges and universities, climate change research organizations, and organizations focused on promoting LGBTQ rights.
Marriage to Jeff Bezos
During their marriage, Jeff Bezos and Mackenzie Scott were known for their philanthropic efforts. They founded the Bezos Family Foundation in 2000, which aimed to support education and children’s welfare. The foundation has since donated millions of dollars to various causes, including cancer research and education reform.
However, in January 2019, the couple announced their divorce. The announcement came after news broke of Jeff Bezos’ affair with Lauren Sanchez, a former TV anchor. The couple finalized their divorce in April of that year.
Despite their divorce, Jeff Bezos and Mackenzie Scott remain committed to their philanthropic efforts. In 2020, Jeff Bezos announced the creation of the Bezos Earth Fund, a $10 billion fund aimed at fighting climate change. Mackenzie Scott, for her part, has become one of the most generous philanthropists in the world. She has given billions of dollars to various causes, including food banks, racial justice organizations, and educational institutions.
Mackenzie Scott started her philanthropic journey in 2014 when she decided to donate $2.5 million to the anti-poverty organization Robin Hood. From then on, she has continued to make impressive donations to various non-profits. In 2020 alone, she donated $5.7 billion to 500 organizations in areas such as racial equity, LGBTQ+ rights, and climate change.
What makes Mackenzie Scott’s philanthropic journey stand out is not only the size of her donations, but also her unique approach to giving. Unlike many philanthropists who establish their own foundations or focus on specific causes, Mackenzie Scott has chosen to make direct donations to established organizations that she believes are doing impactful work.
In her announcement of the $5.7 billion in donations in 2020, Mackenzie Scott wrote that she and her team had conducted a rigorous evaluation process to identify organizations that were “high-impact, data-driven, and equity-oriented.” She also emphasized the importance of giving to organizations led by people of color, women, and those from other marginalized communities.
Mackenzie Scott’s approach to philanthropy has been widely praised for its effectiveness and its emphasis on promoting equity and social justice. Her donations have provided critical support to organizations working on a range of issues, including affordable housing, education, and healthcare.
How Mackenzie Scott Spends Her Fortune
Mackenzie Scott’s net worth is estimated at $57 Billion, making her one of the richest women in the world. She became a billionaire after she received a 4% stake in Amazon as part of their divorce settlement. After the divorce, Mackenzie pledged to give away the majority of her wealth to charity, a promise that she has fulfilled by donating billions of dollars in just a few years.
Mackenzie Scott is known for her generous donations to various non-profit organizations. She does not have any personal luxury assets like yachts or private jets, as she prefers to use her money to create social impact. Scott’s donations have helped fund various initiatives, such as university research programs, social justice advocacy groups, and food banks.
Mackenzie Scott and Jeff Bezos announced their separation in January 2019 after 25 years of marriage. They have four children together, including three sons and one daughter. After the divorce, Mackenzie changed her last name to Scott and has since remarried to Dan Jewett, a Seattle school teacher.
In a statement posted on the website of the non-profit organization Giving Pledge, to which she is a signatory, Mackenzie Scott wrote that she and Jewett were “grateful for the support and kindness we’ve received from so many people.” The couple’s wedding was a low-key affair, and they have largely kept their personal lives out of the public eye.
Despite the end of her marriage to Jeff Bezos, Mackenzie Scott has continued to maintain a close relationship with her children. In a letter published on the website of the philanthropic organization The Giving Pledge, she wrote that “my own reflection in the mirror has become more important than the reflection of my face. I want to be thought of as someone who was kind, genuine, and constructive in how I used my resources and influence to help others.”
Mackenzie Scott’s net worth is impressive, but what is even more remarkable is her commitment to using her wealth to create a positive social impact. She is an inspiration to individuals all over the world who want to give back to their communities and make a difference. Her philanthropic journey is proof that anyone, even those without a famous last name, can make a significant difference in the world through their generosity.
Frequently asked question about Mackenzie Scott’s net worth
1. What was Mackenzie Scott’s profession before marrying Jeff Bezos?
– Mackenzie Scott worked as a research associate for investment management firm D.E. Shaw & Co.
2. How did Mackenzie Scott start her philanthropic journey?
– She started by donating $2.5 million to the anti-poverty organization Robin Hood in 2014.
3. What is Mackenzie Scott’s net worth?
– Her net worth is estimated at $57 Billion.
4. What are some of the causes that Mackenzie Scott has donated to?
– Mackenzie has donated to various non-profit organizations that focus on racial equity, LGBTQ+ rights, and climate change.
5. Does Mackenzie Scott have any personal luxury assets?
– No, she prefers to use her wealth to create social impact rather than accumulate material possessions.
6. How tall is Mackenzie Scott ?
– Mackenzie Scott stands 5 feet 7 inches (170 cm) tall.