MacKenzie Scott, formerly known as MacKenzie Bezos, is an author, philanthropist, and activist from the United States. MacKenzie Scott has a net worth of $32 billion as of this writing. Her fortune would be considerably larger, but she contributed $6 billion to charity in 2020 alone. She intends to contribute the great bulk of her money throughout her lifetime and has already given more than $12 billion to hundreds of charities around the world as of this writing. More on her altruism may be found later in this article.
On July 13, 2020, when Amazon’s share price surpassed $3,300, MacKenzie became the world’s richest woman for the first time. She didn’t truly keep the title for the entire day. Amazon had dropped many percentage points by the conclusion of the trading day, handing the title back to Francoise Bettencourt-Meyers. Several months later, MacKenzie began donating billions of dollars to charity, making it considerably more difficult for her to maintain her status as the world’s richest woman.
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From 1993 to 2019, she was the wife of Amazon founder Jeff Bezos. Jeff and MacKenzie are the parents of four children. Jeff has been a billionaire for over two decades and the world’s richest person since 2018.
Early Life
MacKenzie Scott Tuttle was born in April 1970 in San Francisco, California. She grew up in Marin County, just across the Golden Gate Bridge. Her family also lived in the Pacific Heights district of San Francisco. Jason Baker Tuttle, her father, owned a financial investment firm.
Mackenzie attended the Hotchkiss School in Lakeville, Connecticut, for high school. Her parents declared bankruptcy during her junior year after her father was the focus of a Securities and Exchange Commission investigation. Her parents relocated to Florida, where her father failed in his attempt to launch a new financial profession. Her father was ultimately banned from establishing a new financial enterprise. In his decision, the Florida court cited the family’s prior extravagant expenditures.
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MacKenzie went to Princeton University after high school to study English. She received her diploma in 1992. In a creative writing workshop at Princeton, she studied under renowned novelist Toni Morrison. MacKenzie was subsequently described by Morrison as “one of the greatest students I’ve ever had.”
Becoming Billionaires
Amazon went public on May 15, 1997. After compensating for stock splits, Amazon concluded its first day of trading at $2 per share. A single Amazon share is now worth more than $3,000.
If you had invested $10,000 in Amazon during the IPO, you would now have more than $15 million.
Jeff controlled 20% of Amazon at the time of its first public offering. He sold off portions of shares on a frequent basis throughout the years to create liquidity. As of this writing, Jeff’s share sales have earned $70 billion in liquid cash. Prior to their divorce settlement, he held 16% of Amazon. Jeff became the first billionaire in June 1998. He was valued $10 billion at the peak of the dotcom bubble.
His net worth surpassed $50 billion for the first time in June 2015. It surpassed $100 billion for the first time in January 2018. It surpassed $150 billion in July 2018. His net worth has ranged between $150 and $200 billion in recent years.
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Amazon shares momentarily crossed the $3,300 barrier on July 13, 2020. MacKenzie’s net worth would be the highest in the world at any price above $3,255. So, on July 13, 2020, MacKenzie Bezos will become the world’s richest woman for the first time.
MacKenzie Bezos Divorce Settlement
Jeff and MacKenzie Bezos announced their divorce on January 9, 2019, after 25 years of marriage. As previously stated, they married in 1993, one year before Jeff established the firm that would one day make him the world’s richest person.
Jeff had a net worth of $136 billion at the time of their divorce announcement. According to all accounts, MacKenzie was entitled to half of Jeff’s assets because they were all obtained during their marriage. If such was the case, MacKenzie might have received up to $70 billion in shares and other assets.
Final Settlement
On April 4, 2019, MacKenzie revealed on Twitter that she and Jeff had finalized their divorce and that she had received just under 20 million Amazon shares, or around 4% of the company’s outstanding shares. Those shares were valued $35.6 billion at the time of transfer. Jeff held 75% of their previous ownership, or over 60 million shares. MacKenzie decided to give Jeff complete voting rights over her shares, which was a huge compromise. So, in essence, she receives all of the benefits without having any voting power.
Second Marriage
In March 2021, MacKenzie disclosed that she had recently married Dan Jewett, a high school science teacher. Dan teaches at the prestigious Lakeside School, whose alumni include Bill Gates and Paul Allen.
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She announced the news in a post on her Giving Pledge page, saying that her new spouse had agreed to support her cause. Jeff Bezos congratulated the pair in a statement posted by an Amazon spokeswoman, saying, “Dan is such a fantastic guy, and I am delighted and excited for both of them.”
Real Estate
Jeff and MacKenzie spent $24 million for a Beverly Hills property in 2007. They paid $13 million for the property next door in 2017, for a total of $37 million. As part of their divorce deal, MacKenzie obtained this house. The California Community Foundation announced in August 2022 that MacKenzie had given the mansion to the organization.
According to the charity, the home’s estimated worth at the time of the donation was $55 million. MacKenzie will contribute $20 million to the charity in 2021.
MacKenzie spent $37.5 million in 2019 for a 3.2-acre waterfront property in Medina, Washington.
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