MacKenzie Scott Cuts Amazon Stake by $12.6 Billion in Philanthropic Move

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has cut her stake in Amazon by $12.6 billion over the past year, according to regulatory filings. Scott, known for her extensive charitable giving, has donated over $2 billion to various organizations last year alone.

Her wealth has grown due to the rise in Amazon's share price, and she has committed to giving away a significant portion of her fortune. The reduction in her Amazon holdings highlights her dual focus on wealth management and large-scale philanthropy.