Dec 16, 2020

MacKenzie Scott gives away $4.2bn in four months

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has donated more than $4bn to food banks and emergency relief funds in four months. Ms Scott is the world's 18th-richest person having having seen her wealth climb $23.6bn this year to $60.7bn. Much of her fortunes comes from Mr Bezos who is the world's richest man and Amazon's chief executive. Ms Scott donated $1.7bn to 116 charities in July saying she wanted to call attention to "Organisations and leaders driving change." This takes her total donations for the year to almost $6bn. Donations were focused on those "Operating in communities facing high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital." The Giving Pledge is a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back. Mr Bezos has seen his net worth increase $70bn this year to reach a fortune of $185bn, according to the Bloomberg Billionaires Index.

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