Bezos’ ex-wife donated huge sums

Bezos' ex-wife donated huge sums

MacKenzie Scott, the former wife of Amazom owner Jeff Bezos, announced Tuesday her second major charitable contribution of the year. She gave away about $4.2 billion to 384 organizations as part of a plan to donate most of her fortune.

Scott donated $1.7 billion in July to 116 organizations, including four colleges and universities. The new round of charitable giving totaled more than $4.16 billion, which Scott has given to organizations across the country.

“The pandemic has dealt a serious blow to the lives of Americans. Both the economic losses and health consequences were worse for women, non-white Americans and people living in poverty. Meanwhile, it has significantly increased the wealth of billionaires,” Scott noted. So she decided, first and foremost, to support structures that give support to low-income communities and civil rights advocates.

Scott said her team researched more than 6,490 organizations to determine which groups would receive donations after her decision to accelerate the donation. Among others, she decided to give $40 million to Morgan State University in Baltimore, the largest private donation in the university’s history.

According to the Bloomberg Billionaires Index, Scott is the 18th richest person in the world with a fortune of $60.7 billion. Her fortune increased dramatically as Amazon stock rose during the pandemic. Scott received a quarter of Amazon’s stock after her divorce in 2019.