Where Did Marge Schott Net Worth Come From? Sources Of Her Wealth

Where Did Marge Schott Net Worth Come From? Sources Of Her Wealth

Primary Source of Wealth

Mackenzie Scott's net worth originated predominantly from her divorce settlement with Jeff Bezos, the co-founder of Amazon. In 2019, following their divorce, Scott received a significant portion of Amazon stock, initially valued at approximately $38 billion. This wealth rapidly appreciated due to Amazon's stock surge, positioning her among the world's wealthiest individuals.

Wealth Expansion and Current Status

As of 2020, her personal net worth exceeded $60 billion, making her the wealthiest woman globally and the 12th richest person worldwide. Her fortune remains largely tied to diversified investments, including the retained Amazon shares and other assets managed through her financial strategy.

Philanthropic Utilization

Scott has accelerated her philanthropic efforts in response to global challenges. By December 2020, she had donated a total of $6 billion across the year, including:

Where Did Marge Schott Net Worth Come From? Sources Of Her Wealth
  • Initial donations: $1.7 billion to 116 organizations in July.
  • Subsequent giving: An additional $4.15 billion to 384 organizations in the U.S. and Puerto Rico over four months.

Her approach emphasizes data-driven selection, targeting communities with high levels of food insecurity, racial inequality, and poverty, while prioritizing basic needs like emergency relief funds and support for marginalized groups.