How much money is too much money? Well, it looks like MacKenzie Scott has the answer.
This news might blow you away, but the ex-wife of Amazon Founder, Jeff Bezos made a bold statement in recent times. As per Forber, MacKenzie Scott is considered as 21st richest person in the world holding a net worth of $60 billion in her pockets. Well, now it seems like she wants to empty her pocket as she is ready to give away her fortune until her safe is empty. After the couple separated in 2019, Scott received a 4% stake hold of Amazon’s supreme business. And during the pandemic, the value of that portion got doubled. She was already blessed with wealth, but these recent times had created an upsurge in her business. As per Bloomberg Billionaires Index, Scott’s wealth has climbed up to $23.6 billion in this year alone. And despite donating most of her income to charitable causes, her safe just can’t keep more money in it.
Jorge Valencia of the Point Foundation started receiving calls from different consultants. It is a non-profit organization that looks after the higher education of gay, bisexual, queer, and transgender. Out of the blues Mr. Valencia received a call from none other than MacKenzie. She deposited an uncountable amount of money for the good fare of the organization. And she also asked Mr. Valencia to disguise the source of money. During an interview when Mr.Valencia was questioned on the operational work procedure of this non-profit organization during this pandemic time. He simply replied that the funds were Godsend.
MacKenzie is determined to give away her money at an unprecedented rate. This Iron Lady has donated more than $4 billion in the recent four months. And she also declared that she is packing to give away her $1.7 billion in her upcoming charitable events. She also dedicated a whole team to discovering how to give away her fortune at the fastest rate.
As per Scott’s team, they have analyzed over 6500 organizations, and out of that, they selected 384 needy groups. The timeline and other legal procedures are being arranged, and soon the Iron Lady will be changing the fortunes of many. During an interview, she also stated “This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote. “Economic losses and health outcomes alike have been worse for women, for people of color, and people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”
The donations were mainly focused on those groups who are facing operational problems in high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital.
“I have a disproportionate amount of money to share,” she wrote in her pledge. “My approach to philanthropy will continue to be thoughtful. It will take time and effort, and care. But I won’t wait. And I will keep at it until the safe is empty.” This word coming from a billionaire is melting the heart of the people. Other Billionaires should take inspiration from our Iron Lady, who continued to help the needy throughout the year.