MacKenzie Scott: ex-wife of Jeff Bezos gives away $4bn in four months

The 50-year-old, who was married to Amazon boss for 26 years, donates to Covid groups

MacKenzie Scott, the ex-wife of the Amazon founder, Jeff Bezos, has donated more than $4bn in the past four months to hundreds of charities and aid organisations, including food banks fighting the impact of the coronavirus pandemic.

Scott, who has a personal net worth of more than $60bn (£44.5bn), pledged to give away much of her wealth after her divorce settlement with Bezos last year.

In July, Scott said she had donated $1.7bn to 116 charities. On Tuesday, the 50-year-old said she had decided to “accelerate” her donations this year, and in the past four months had given a further $4.15bn to 384 organisations across the US and Puerto Rico, taking her total donations this year to $6bn.

“This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote in a blogpost titled 384 Ways to Help. “Economic losses and health outcomes alike have been worse for women, for people of colour, and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”

Bezos, who was married to MacKenzie for 26 years, is the world’s wealthiest person, with a fortune estimated at $185bn, according to the Bloomberg Billionaires Index, up from $113bn before the pandemic.

MacKenzie said she took a “data-driven” approach to selecting the recipients of donations. However, her team paid “special attention to those operating in communities facing high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital”.

She added that some of her donations aimed to fulfil basic needs, such as food banks, emergency relief funds and support for the most vulnerable. Others focused on long-term issues that the pandemic has exacerbated, such as debt relief, employment training and education for “historically marginalised and underserved people”, as well as civil rights groups and legal defence funds.

In total, her team looked at 6,490 organisations and put 822 into “deeper research”. Scott published the list of organisations to receive funds, which includes the YMCA, Meals on Wheels, the Global Fund for Women and the civil rights organisation the National Association for the Advancement of Colored People.

Scott’s $60bn net worth makes her the 18th richest person in the world.

Last year, she committed to the Giving Pledge Initiative, set up by Warren Buffett and Bill and Melinda Gates, which encourages the world’s richest people to donate a large portion of their wealth to charitable causes.

Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

Other major donations made during the pandemic include $1bn by Jack Dorsey, the co-founder of Twitter. In April, Dorsey announced he was moving $1bn of his assets into a fund to support pandemic relief efforts and other causes.

The Gates have committed $305m relating to Covid-19 vaccines and diagnostic development.

In June, the former basketball star Michael Jordan announced he was going to donate $100m to Black Lives Matter and other social causes over the next decade. In the same month, the UK musician Stormzy announced he would donate £10m to black British causes over the next 10 years. In August, he donated £500,000 to fund educational scholarships for students from disadvantaged backgrounds.

This year, Bezos has committed $10bn to issues related to climate change. In November, he announced the first of those grants, handing out almost $800m to 16 groups.

Contributor

Mark Sweney

The GuardianTramp

Related Content

Article image
Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries
Donation is believed to be the largest single donation towards helping solve the problem of uncorrected blurry vision

Rupert Neate Wealth correspondent

12, Oct, 2022 @11:01 PM

Article image
World's richest 500 see their wealth increase by $1tn this year
Ultra-rich warned of ‘strike-back’ as global inequality hits a 100-year high and billions of poorer people see their earnings stagnate

Rupert Neate Wealth correspondent

27, Dec, 2017 @3:24 PM

Article image
Facebook boss Mark Zuckerberg joins centibillionaire club
The 36-year-old follows Jeff Bezos and Bill Gates as fortune passes $100bn for first time

Mark Sweney

07, Aug, 2020 @7:11 AM

Article image
MacKenzie Bezos pledges at least half her wealth to charity
Jeff Bezos’ former wife, known as world’s 22nd richest person with $36.6bn fortune, signs up to the Giving Pledge

Rupert Neate Wealth correspondent

28, May, 2019 @4:27 PM

Article image
Jeff Bezos vows to give away most of fortune – and hands Dolly Parton $100m
Amazon founder wants to donate much of $124bn wealth to causes such as climate crisis and world unity

Mark Sweney

14, Nov, 2022 @2:28 PM

Article image
Amazon's Jeff Bezos pays out $38bn in divorce settlement
Ex-wife MacKenzie Bezos will become world’s fourth-richest woman but has promised to give away half of award

Rupert Neate Wealth correspondent

30, Jun, 2019 @1:52 PM

Article image
Amazon founder Jeff Bezos – briefly – becomes world's richest man
Share price jump of 40% in 2017 made founder worth $91bn – for a short while leapfrogging the fortune of Microsoft founder Bill Gates

Jill Treanor

27, Jul, 2017 @8:44 PM

Article image
Bill Gates, Jeff Bezos and Warren Buffett are wealthier than poorest half of US
Institute for Policy Studies warns of a ‘moral crisis’ and says Trump tax change proposals will exacerbate disparities

Rupert Neate Wealth correspondent

08, Nov, 2017 @11:01 PM

Article image
Jeff Bezos: where the $106bn man belongs on the all-time rich list
Amazon founder’s wealth soars by $6bn thanks to stock market surge – but he is still not the richest person ever

Richard Partington and Larry Elliott

10, Jan, 2018 @10:01 PM

Article image
Call for super-rich to donate more to tackle coronavirus pandemic
While some billionaires have pledged vast chunks of their fortunes others have been criticised for not giving enough, or even at all

Rupert Neate

11, Apr, 2020 @7:00 AM