MacKenzie Scott Net Worth: Career, Divorce And More Information (2022 Updated)

MacKenzie Scott Net Worth:

KEY FACTS

  • Maried Jeff Bezos the year before he started Amazon;
  • Across the country, I drove while Jeff wrote the Amazon business plan.
  • From 1993 until this year, Jeff and MacKenzie were married.
  • After the divorce, she was awarded 20 million Amazon shares.
  • Right after getting the money, I signed “The Giving Pledge.”
  • With a $25 billion gain in wealth, 2020 was a banner year.
  • At various points in 2020, she ranked as the wealthiest woman on the planet.
  • At least $6 billion to charity by the year 2020

Early Life

MacKenzie Scott Tuttle entered this world on the 4th of April, 1970, in San Francisco, California.

A native of Marin County, California, she grew up just north of the Golden Gate. Her kin also had a house in San Francisco’s affluent Pacific Heights district.

Her father, Jason Baker Tuttle, owned and operated a financial investing firm.

MacKenzie completed his secondary school education at the Hotchkiss School in Lakeville, Connecticut.

Because her father was the focus of an SEC investigation, her family was forced to declare bankruptcy when she was a junior in high school.

Her father attempted to launch a new financial career in Florida, where the family relocated. Eventually, her dad wasn’t allowed to start a new banking company.

As justification for their decision, the Florida judge cited the family’s history of excessive spending.

MacKenzie continued her education in English at Princeton University after graduating from high school. When she finished high school in 1992, she was done.

Toni Morrison, the author of Beloved, was her professor in a creative writing course at Princeton.

A former student of Morrison’s, MacKenzie is now considered “one of the best students I’ve ever had.”

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Meeting Jeff Bezos

Once MacKenzie finished with Princeton, he headed to New York to pursue his lifelong ambition of writing novels.

She accepted a job as an administrative assistant at the hedge fund D.E.

Shaw to help pay the bills until her dream came true.

Senior Vice President and fellow Princeton alumnus Jeff Bezos were one of the persons she helped in this role. Their cubicles adjoined each other.

Later, she advanced to Bezos’s immediate team as a research associate working at his side.

After only three months of dating after the first meeting in 1992, Jeff and MacKenzie got engaged.

Together in 1993, they finally tied the knot. His age was 29, while hers was 23.

Amazon

MacKenzie Scott Net Worth
MacKenzie Scott Net Worth

Jeff’s interest in the developing “world wide web” peaked around the time they wed.

According to urban legend, Jeff realized the potential of an electronic commerce (e-commerce) business and decided on an online bookstore because books don’t expire and don’t need to be handled before purchase.

MacKenzie played a pivotal role in propelling Jeff forward with his plans.

Together, they decided to leave their comfortable lives in New York City and come to Seattle in 1994 so that he could pursue his goal of being an internet pioneer.

With Jeff in the passenger seat and MacKenzie at the wheel, they drove across the country in a Volvo, with Jeff tossing around ideas and drawing up his e-commerce company plan on the laptop.

Jeff and MacKenzie came up with dozens of items that may be marketed online by putting their heads together. In the end, Jeff decided to rely on written material.

He started by calling it Cadabra. The Amazon River in South America inspired his final naming choice.

In a garage in Seattle on July 5, 1994, two college students started a business that would become Amazon.com. When starting off, Jeff used a $300,000 angel investment from his parents.

MacKenzie worked as the company’s secretary and bookkeeper at Amazon.

Meanwhile, she was working on her novel at the University of Washington’s evening program.

MacKenzie waited another ten years before publishing her own work of fiction, titled “The Testing of Luther Albright.” Reportedly, the book’s print run was under 2,000 copies.

Her second book, titled “Traps,” came out in 2013.

MacKenzie Scott Net Worth

MacKenzie Scott Net Worth: Scott, whose birth name was Bezos, is a novelist, philanthropist, and activist in the United States. As of the time of this writing, MacKenzie Scott has amassed a net worth of $57 billion.

Otherwise, her wealth would be substantially bigger if not for the fact that she gave out $6 billion to charity in 2020 alone.

During her lifetime, she intends to give away the vast majority of her fortune to charity. Her charitable work will be discussed in greater detail below.

After Amazon broke $3,300 per share on July 13, 2020, MacKenzie officially became the wealthiest woman on the planet. She did not maintain her title during the entire day.

There was a significant drop in Amazon’s stock price by the conclusion of the trading day, handing Francoise Bettencourt-Meyers her title back.

MacKenzie’s position as the wealthiest woman in the world was threatened when, after a few months of giving away billions of dollars to charity, she was no longer the largest benefactor in the world.

She was married to Amazon entrepreneur Jeff Bezos from 1993 until this year. Jeff and MacKenzie are the proud parents of four children.

For nearly twenty years, Jeff has been a billionaire, and since 2018, he has held the title of “world’s richest person.”

Making a Billion Dollars

Amazon’s IPO took place on May 15, 1997. Amazon’s first day of trading resulted in a stock price of $2 after backdating stock splits.

Shares of Amazon are now worth more than $3,000 each.

Note that if you had put $10,000 into Amazon during its IPO, you would now have more than $15 million.

Jeff had a 20% stake in Amazon at the time of its initial public offering. A large portion of his equity has been sold off on a regular basis to generate cash flow.

Jeff’s stock sales have resulted in $70 billion in cold hard cash as of this writing. Their divorce deal gave him 16 percent of Amazon, which he had not held before.

In June of 1998, Jeff became the first person in the world to reach that financial milestone. He was valued $10 billion at the height of the dot-com bubble.

In the wake of the market crash, his fortune shrank to $2 billion.

First reaching $50 billion in net worth in June of 2015, he is now one of the world’s wealthiest people. For the first time, it hit $100 billion in January of 2018.

That number surpassed $150 billion in July of 2018. His wealth has shifted between $150 and $200 billion over the past few years.

On July 13, 2020, Amazon’s stock momentarily traded for more than $3,300.

MacKenzie would be the wealthiest woman in the world if the price of a dollar were to be more than $3,255.

MacKenzie Bezos, then, became the world’s wealthiest woman for the first time on July 13, 2020.

Arrangements For MacKenzie Bezos’s Divorce

After 25 years of marriage, Jeff and MacKenzie Bezos announced their separation on January 9, 2019.

They tied the knot in 1992, a full year before Jeff created the company that would make him a billionaire.

Jeff was worth $136 billion when he and his wife announced their separation.

All of Jeff’s assets were accumulated during their marriage, therefore it’s possible that MacKenzie might have been entitled to half of them.

If this is the case, then MacKenzie may have received up to $70 billion in stock and other assets.

Final Settlement

Approximately 4% of Amazon’s outstanding shares were awarded to MacKenzie upon her and Jeff’s finalization of their divorce, which she announced on Twitter on April 4, 2019.

This transfer was equivalent to $35.6 billion in market value at the time of the transaction.

The majority of their assets (about 60 million shares), which Jeff preserved, were worth around 75% of their original investment.

MacKenzie made a huge compromise by granting Jeff sole voting control over her shares. To put it another way, she gets all the benefits with no say in decision-making.

Richest Woman In The World

MacKenzie entered the year 2020 as the seventh wealthiest woman on the planet. This is a list of the wealthiest women in the world as of January 1, 2020.

  • L’Oreal heiress and number one, Francoise Bettencourt-Meyers, is worth $62 billion.
  • Second: Julia Flesher Koch, $60 billion (Koch oil heiress and David Koch’s widow).
  • Third: Alice Walton, the daughter of Walmart founder Sam Walton, with $53 billion.
  • At $42 billion, #4 is Jacqueline Mars (Mars candy)
  • MacKenzie Bezos ($37 billion) is ranked #5.

It seems that 2020 was a very good year for the Bezos family, especially for Jeff and MacKenzie.

Following the worldwide shutdown caused by the Coronavirus epidemic, Amazon’s stock price skyrocketed.

Most people all over the world were cooped up at home, where they spent their time shopping online, watching Prime videos,, and pleading with Alexa.

Jeff and MacKenzie’s wealth surged dramatically when Amazon’s share price went from $1,900 on January 1 to nearly $3,000 six months later.

On July 10, 2020, MacKenzie’s wealth surpassed $64 billion. MacKenzie’s fortune hit $67 billion on August 26 when AMZN hit $3,440. Women around the world, as of the same day, are listed below in order of their wealth.

Here is how that same list looked after the market closed on August 26, 2020:

Jacqueline Mars comes in at number five with $37 billion, while MacKenzie Bezos comes in at number one with $67 billion, followed by Francoise Bettencourt-Meyers with $66 billion, and Alice Walton with $56 billion.

Philanthropy

MacKenzie made two significant statements in a blog post she published on July 28, 2020.

First, she revealed that she was legally changing her name from MacKenzie Bezos to MacKenzie Scott.

Her grandfather gave her the middle name “Scott,” which she has always considered to be her first name.

The second piece of news was that MacKenzie had given $1.7 billion to 116 different charities.

The next announcement came just a few months later on December 15, 2020, when MacKenzie said she had given $4.2 billion to 384 different causes. MacKenzie declared her goals to be:

I intend to “return the bulk of my money to the society that helped develop it, to do so deliberately, to initiate the process without delay, and to see it through to its completion.”

MacKenzie announced her second marriage in March 2021, to high school science teacher Dan Jewett. Dan is a teacher at prestigious Lakeside School, where notable alums include Bill Gates and Paul Allen.

Announcing the happy news on her Giving Pledge page, she mentioned that her new spouse had agreed to double her donation goal.

Jeff Bezos, through an Amazon representative, expressed his happiness and excitement for the newlyweds, saying, “Dan is such a lovely guy.”

In fact, MacKenzie just revised her Amazon author bio to reflect that she now “resides in Seattle with her four kids and her husband, Dan.”

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