Reduced position by 42%! Bezos's ex-wife sold $12.6 billion worth of Amazon.com, Inc. (AMZN.US) stock.
As of September 30 this year, Amazon (founded by Jeff Bezos's ex-wife MacKenzie Scott) has reduced its holdings of Amazon shares by 58 million shares in the past year.
According to a regulatory document released on Tuesday, as of September 30th of this year, Amazon.com, Inc. (AMZN.US) founder Jeff Bezos' ex-wife MacKenzie Scott has sold 58 million shares of Amazon.com, Inc. stock in the past year, a reduction of 42%, currently holding 81.1 million shares. Based on Tuesday's closing price, this reduction is valued at $12.6 billion.
55-year-old Scott is known for providing substantial unconditional funding to small non-profit organizations, contrasting sharply with many other wealthy individuals who choose high-profile donations. According to her Yield Giving website, she donated $2 billion to 199 organizations last year, with a total cumulative donation of $19.25 billion over roughly five years.
After divorcing Bezos in 2019, Scott eventually received around 4% of the tech giant's shares. Under the agreement, Bezos still exercises voting rights over the shares she holds and is required to disclose this ownership information annually. Despite Scott's large-scale donations, her wealth has actually increased since the divorce due to the soaring stock price of Amazon.com, Inc. She has pledged to donate a majority of her wealth.
The regulatory document does not specify whether the decrease in the number of shares is due to sale or donation. According to the Bloomberg Billionaires Index, prior to this asset reduction, Scott's total assets were around $41.2 billion.
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