MacKenzie Scott has sold $10.4 billion worth of Amazon shares in 2023

Mark Mahaney, Evercore ISI senior managing director, shared some of his best investment ideas on Varney & Co. MacKenzie Scott, who is the former spouse of Amazon founder Jeff Bezos, has sold approximately a quarter of her shares in the company last year. The value of the shares exceeded $10 billion, as reported by Bloomberg.According to the Bloomberg report, Scott, a 53-year-old philanthropist who played a crucial role in building the company with Bezos, sold 65.3 million shares of the e-commerce giant in 2023, as stated in a regulatory filing referenced by Bloomberg. The monetary value of the share sale constitutes about 25% of Scott’s stake in the company and amounts to $10.4 billion based on Amazon’s closing price on Friday. Jeff Bezos, left, and his then-wife MacKenzie Scott, arrive on the red carpet at the Amazon Studios after-party celebrating the 67th Annual Primetime Emmy Awards.  (Paul Mounce/Corbis via Getty Images / Getty Images)JEFF BEZOS, LAUREN SANCHEZ HIT ST. BARTS Scott married Bezos in 1993, and she was one of Amazon’s first employees. She was involved in handling accounts, business plans, and shipping orders. Their marriage ended in 2019, with Scott obtaining approximately 4% of the tech giant, a stake that was then valued at about $37 billion, propelling her to become one of the world’s wealthiest women. NEW MACKENZIE SCOTT WEBSITE DETAILS $14B IN GIFTSWith this recent sale, Scott has now divested approximately half of her Amazon shares, with her remaining holdings still representing the majority of her $37.6 billion net worth, as per the Bloomberg Billionaires Index, which positions her as the 35th richest individual in the world.  MacKenzie Scott sold about one-quarter of her stake in Amazon last year, which was worth more than $10 billion, according to a report by Bloomberg. (Getty Images / Getty Images)Her placement on the rich list would have been significantly higher had it not been for her charitable contributions. In December, Scott announced on the Giving Pledge website that she had contributed $2.1 billion to 360 organizations in 2023, bringing her total donations to over $16 billion since 2019. The Giving Pledge is a non-binding commitment made by billionaires to donate the majority of their wealth.CLICK HERE TO GET THE FOX BUSINESS APP”In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share,” Scott wrote on the website in 2019.”My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won’t wait. And I will keep at it until the safe is empty.”In the meantime, Bezos is ranked as the second-richest person in the world as of January 26th, with a total net worth of $184 billion, according to the Bloomberg Billionaires Index.  Jeff Bezos, founder and CEO of Amazon.com, poses with a stack of books in an Amazon warehouse, Seattle, Washington, January 1, 1997. Paul Souders/Getty Images (Paul Souders/Getty Images / Getty Images)

Author: OpenAI