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International Business Times UK

Business

Niloy Chakrabarti

Billionaire Philanthropist MacKenzie Scott Gifts Over $300M to Higher Education Institutions in a Month

MacKenzie Scott Historically Black Colleges and Universities Amazon United States HBCU UNCF

MacKenzie Scott has donated a major part of her wealth to nonprofits over the years. (Credit: Photo: dpa / JORG CARSTENSEN)

Billionaire philanthropist MacKenzie Scott has offloaded 42% of her Amazon (Nasdaq:AMZN) holdings, or 58 million shares, over the past year, worth over $13.5 billion (£9.8 billion), considering current stock trading levels. The latest figures mark Scott's largest share reduction since her divorce from Amazon founder Jeff Bezos in 2019.

A regulatory filing with the US Securities and Exchange Commission showed that Scott held 81.1 million Amazon shares as of 30th September, down from 139.1 million shares a year earlier.

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