🚀 ProPicks AI Hits +34.9% Return!Read Now

MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News

Published 01/26/2024, 11:14 PM
Updated 01/26/2024, 11:15 PM
© 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
AMZN
-

(Reuters) - MacKenzie Scott, ex-wife of Amazon.com (NASDAQ:AMZN) 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.

© 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

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.