Investing
MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News
© Reuters. FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and wife MacKenzie Bezos. REUTERS/Danny Moloshok/File Photo
(Reuters) – MacKenzie Scott, ex-wife of Amazon.com (NASDAQ:) billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported on Friday.
The share sale forms about 25% of the philanthropist’s Amazon stake in the e-commerce giant and would be worth $10.4 billion at Amazon’s Friday closing price, the report said, citing a regulatory filing.
Reuters could not immediately confirm the filing. Scott did not immediately respond to a request for comment.
She received a 4% stake in Amazon as part of her divorce from the company’s founder in 2019. The stake, worth $36 billion at the time, made her one of the richest women in the world.
Scott, who pledged in 2019 to donate half her fortune to charity, has given millions of dollars to various causes.
Her net worth on Friday stood at $42.6 billion, according to Forbes.
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Side Hustles7 days ago
How to Maximize Your Profits With This Annual 8-Step Checklist
-
Passive Income7 days ago
Why Email Marketing Is Still Your Business’s Most Powerful Tool
-
Side Hustles7 days ago
Want to Start a Business? Consider Buying One Instead — Here’s Why.
-
Make Money6 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing6 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Investing7 days ago
Barbara Corcoran Says She Fired Her Mother: Business Lessons