Income of MacKenzie Scott has grown from $23.6 billion this year to $60.7 billion as Amazon’s fortune rises as the weakest suffer COVID’s fallout
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, contributed more than $4 billion (£3 billion) to food banks and disaster response funds in four months.
The world’s 18th richest person outlined the new blog posts on Tuesday, asking her staff to figure out how to give away her fortune more efficiently. Scott’s income has risen to $60.7 billion this year according to the Bloomberg Billionaires Ranking, as Amazon.com Inc., the main source of her fortune, has increased.
In July, Ms. Scott contributed $1.7 billion to 116 charities, saying that she wished to draw attention to “organisations and leaders driving change.”
Donations centered on “operating in communities facing high estimated food shortages, high measures of racial inequity, high local poverty rates and low access to philanthropic capital.”
Berman said that Scott’s contributions demonstrate that it’s easy to donate huge sums easily without forcing non-profits to “jump through a lot of hoops to get the money.” The scale of Scott’s financial aid also disproves the popular notion that it will be challenging to deploy massive amounts of money without getting into trouble or appearing to be inefficient.
She signed the Giving Pledge last year, pledging to give away much of her fortune. The Donation Vow is the promise of the richest people and families in the world to devote the bulk of their resources to giving back.
“I have a disproportionate amount of money to share,” she wrote in her vow.
Charity experts commended the amount she gave and how she did it. Ms. Scott has collaborated with a group of advisers to research thousands of organizations.
Large Donations apart from Ms. Scott
A relatively high number of mega-donations have been made this year as celebrities, sports stars and business leaders respond to the Covid-19 pandemic and other causes.
Among the most generous was Twitter co-founder Jack Dorsey, who announced in April that $1 billion of his assets had been transferred to the Pandemic Relief and Other Causes Fund. That’s about a quarter of his net worth of $3.9 billion.
Facebook’s Mark Zuckerberg and his wife Priscilla Chan donated $300m to “protect American elections” Most of the money went to the Center for Tech and Civic Life, a non-profit organization, to recruit and supply poll workers with personal protective equipment and to set up a driving force for voting.
On another theme, Bill Gates and his wife Melinda have committed $305 million for vaccines, treatment and diagnostic improvement through their charitable foundation, while Harry Potter author JK Rowling has donated £1 million to help homeless people and those affected by domestic abuse during the pandemic.
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