MacKenzie Scott

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MacKenzie Scott
Born
MacKenzie Scott Tuttle

(1970-04-07) April 7, 1970 (age 52)
San Francisco, California, U.S.
EducationPrinceton University (BA)
Occupation
  • Novelist
  • philanthropist
Notable work
The Testing of Luther Albright
Spouse(s)
  • (m. 1993; div. 2019)
  • Dan Jewett
    (m. 2021)
Children4
AwardsAmerican Book Award (2006)

MacKenzie Scott (née Tuttle, formerly Bezos; April 7, 1970)[1][2] is an American novelist and philanthropist. She is known for her involvement in Amazon, her philanthropic efforts, and her now dissolved marriage to Jeff Bezos.[3] As of November 2021, she has a net worth of US$37.6 billion, owing to a 4% stake in Amazon, the company founded by Jeff Bezos. As such, Scott is the third-wealthiest woman in the United States, and the 21st-wealthiest individual in the world.[4] Scott was named one of the world's most powerful women by Forbes in 2021, and one of Time's 100 Most Influential People of 2020.[5]

In 2006, Scott won an American Book Award for her 2005 debut novel, The Testing of Luther Albright.[6] Her second novel, Traps, was published in 2013.[7] She has been executive director of Bystander Revolution, an anti-bullying organization, since she founded it in 2014.[8] Committed to give at least half of her wealth to charity, as a signatory to the Giving Pledge,[9] Scott made US$5.8 billion in charitable gifts in 2020, one of the largest annual distributions by a private individual to working charities.[10][11] She donated a further $2.7 billion in 2021.[12]

Early life and education[edit]

MacKenzie Scott Tuttle was born on April 7, 1970, in San Francisco, California, to a financial planner father and homemaker mother.[13] She claims to have begun seriously writing at the age of 6, when she wrote The Book Worm, a 142-page book, which was destroyed in a flood.[3]

In 1988, she graduated from Hotchkiss School in Lakeville, Connecticut.[14]

In 1992, Tuttle earned her bachelor's degree in English at Princeton University, where she studied under the Nobel Laureate in Literature Toni Morrison, who described Tuttle as "one of the best students I've ever had in my creative writing classes".[3][13] She also worked as a research assistant to Morrison for the 1992 novel Jazz.[3]

Career[edit]

Literary career[edit]

In 2005, Scott wrote her debut novel, The Testing of Luther Albright, for which she won an American Book Award in 2006. She said that it took her 10 years to write, as she was helping Bezos build Amazon, giving birth to three children, and raising them.[15] Toni Morrison, her former teacher, reviewed the book as "a rarity: a sophisticated novel that breaks and swells the heart".[3] Her second novel, Traps, was published in 2013.[7]

Amazon[edit]

In 1993, Scott and Bezos were married, and in 1994, they both left D. E. Shaw, moved to Seattle, and started Amazon. Scott was one of Amazon's first employees, and was heavily involved in Amazon's early days, working on the company's name, business plan, accounts and shipping early orders.[3][6] She also negotiated the company's first freight contract.[6] When Amazon began to succeed,[when?] Scott took a less involved role in the business, preferring to focus on her family and literary career.[3]

Personal life[edit]

Scott was married to Jeff Bezos, founder of Amazon and Blue Origin, from 1993 to 2019.[16][17] She met him while working as his assistant at D. E. Shaw in 1992; after three months of dating in New York they married and moved to Seattle, Washington, in 1994.[3] They have four children: three sons and one daughter. Their daughter is adopted from China.[18]

Their community property divorce in 2019 left Scott with US$35.6 billion in Amazon stock while her former husband retained 75% of the couple's Amazon stock.[3] She became the third-wealthiest woman in the world and one of the wealthiest people overall in April 2019.[19][3] In July 2020, Scott was ranked the 22nd-richest person in the world by Forbes with a net worth estimated at $36 billion.[20] By September 2020, Scott was named the world's richest woman, and by December 2020, her net worth was estimated at $62 billion.[21][22]

After her divorce from Jeff Bezos, Mackenzie Bezos changed her name to Mackenzie Scott, with the surname derived from her middle name.[2]

She is now married to high school chemistry teacher Dan Jewett. The marriage was revealed in Jewett's Giving Pledge letter posted on March 6, 2021.[23][24]

Philanthropy[edit]

In May 2019, Scott signed the Giving Pledge, a charitable-giving campaign in which she undertook to give away most of her wealth to charity over her lifetime or in her will; despite its name, the pledge is not legally binding.[25]

In a July 2020 Medium post,[26] Scott announced that she had donated $1.7 billion to 116 non-profit organizations, with a focus on racial equality, LGBTQ+ equality, democracy, and climate change.[27] Her gifts to HBCUs, Hispanic-serving institutions, tribal colleges and universities, and other colleges surpass $800 million.[28][29] In December 2020, less than six months later, Scott stated that she had donated a further $4.15 billion in the previous four months to 384 organizations, with a focus on providing support to people affected by the economic impact of the COVID-19 pandemic and addressing long-term systemic inequities.[30] She said that after July, she wanted her advisory team to give her wealth away faster as the United States struggled with the unprecedented impact of COVID-19 while billionaires' wealth continued to climb. Her team's focus was on "identifying organizations with strong leadership teams and results, with special attention to those operating in communities facing high projected food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital".[31] Scott's 2020 charitable giving totalled $5.8 billion, one of the biggest annual distributions by a private individual to working charities.[32][10]

On June 15, 2021, Scott announced another $2.7 billion in giving to 286 organizations.[33] Forbes reported that Scott donated $8.5 billion across 780 organizations in one year (July 2020 to July 2021).[34] In June 2021, Scott and Melinda French Gates launched the Equality Can’t Wait Challenge, a contest to promote gender equality[35] and expanding women’s power and influence in the United States by 2030.[36] The four winners received $10 million each and additional $8 million was split between two finalists.[35] In February 2022, nine organizations announced gifts from Scott totaling $264.5 million.[37] On March 23, 2022 more gifts were announced including $436 million to Habitat for Humanity[38] and $275 million to Planned Parenthood.[39][40] In May 2022, The Big Brothers Big Sisters foundation reported a $122.6 million donation from Mackezie Scott.[41]

Forbes reported, "the unrestricted and ultimately more trusting nature of Scott's philanthropy is the exception, not the norm in their world."[34] The New York Times noted that "Ms. Scott has turned traditional philanthropy on its head... by disbursing her money quickly and without much hoopla, Ms. Scott has pushed the focus away from the giver and onto the nonprofits she is trying to help."[42] Scott has said she believes "teams with experience on the front lines of challenges will know best how to put the money to good use."[31][43]

Books and essays[edit]

  • The Testing of Luther Albright. Fourth Estate. 2005. ISBN 978-0-00-719287-8.[44]
  • Traps. Knopf. 2013. ISBN 978-0-307-95973-7.[45]
  • 116 Organizations Driving Change. Medium. 2020.[26]
  • 384 Ways to Help. Medium. 2020.[31]
  • Seeding by Ceding. Medium. 2021.[43]

See also[edit]

References[edit]

  1. ^ Trotter, J.K. (January 22, 2019). "What we know, and don't know, about Jeff Bezos' religious beliefs". Insider. Retrieved February 12, 2020. ...marriage of Jeffrey Preston Bezos and MacKenzie Scott Tuttle.
  2. ^ a b Statt, Nick (July 28, 2020). "MacKenzie Scott has already donated nearly $1.7 billion of her Amazon wealth since divorcing Jeff Bezos". The Verge. Retrieved July 28, 2020.
  3. ^ a b c d e f g h i j Bromwich, Jonah Engel; Alter, Alexandra (January 12, 2019). "Who Is MacKenzie Scott?". The New York Times. ISSN 0362-4331. Archived from the original on June 13, 2020. Retrieved December 30, 2020.
  4. ^ "Bloomberg Billionaires Index: MacKenzie Scott". Bloomberg. Retrieved November 22, 2021.
  5. ^ "MacKenzie Scott: The 100 Most Influential People of 2020". Time. Retrieved September 23, 2020.
  6. ^ a b c "MacKenzie Bezos and the Myth of the Lone Genius Founder". Wired. ISSN 1059-1028. Retrieved December 24, 2020.
  7. ^ a b Bezos, MacKenzie (2013). Traps. New York: Alfred A. Knopf. ISBN 978-0-307-95973-7. OCLC 804491168.
  8. ^ "Bystander Revolution". Archived from the original on February 14, 2015. Retrieved April 21, 2015.
  9. ^ Gren, Christy (May 29, 2019). "MacKenzie Bezos Signs The Giving Pledge and Pledges to give Half Her Fortune". Industry Leaders Magazine. Archived from the original on July 13, 2019. Retrieved July 13, 2019.
  10. ^ a b "MacKenzie Scott Gives Away $4.2 Billion in Four Months". Bloomberg News. December 15, 2020. Retrieved December 30, 2020.
  11. ^ Vallely, Paul. "Jeff Bezos and Mackenzie Scott: Please stop giving. You're making me look bad". The Times. ISSN 0140-0460. Retrieved December 30, 2020.
  12. ^ "MacKenzie Scott Is Giving Away Another $2.7 Billion To 286 Organizations". NPR. Retrieved June 21, 2021.
  13. ^ a b Johnson, Rebecca (February 20, 2013). "MacKenzie Bezos: Writer, Mother of Four, and High-profile Wife". Vogue. Archived from the original on February 20, 2017. Retrieved August 23, 2013.
  14. ^ "Alumni Award: Previous Recipients". hotchkiss.org. The Hotchkiss School. 2004. Archived from the original on March 10, 2015. Retrieved March 8, 2015.
  15. ^ "7 Things To Know About MacKenzie Scott, The Woman Who Donated $6 Billion In 2020". British Vogue. December 22, 2020. Retrieved December 24, 2020.
  16. ^ Bayers, Chip (March 1999). "The Inner Bezos". Wired. Vol. 7, no. 3. Archived from the original on August 31, 2013. Retrieved August 23, 2013.
  17. ^ Snider, Mike (January 9, 2019). "Amazon CEO Jeff Bezos and wife MacKenzie to divorce after 25 years of marriage". USA Today. Archived from the original on January 9, 2019. Retrieved January 9, 2019.
  18. ^ "Jeff Bezos Fast Facts". CNN. 2019. Archived from the original on December 12, 2018. Retrieved January 9, 2019.
  19. ^ Schleifer, Theodore (April 4, 2019). "MacKenzie Bezos, with $35 billion, is now the world's third-wealthiest woman". Recode. Archived from the original on April 25, 2019. Retrieved April 4, 2019.
  20. ^ "MacKenzie Scott". Forbes. Retrieved September 29, 2020.
  21. ^ Kulish, Nicholas (December 16, 2020). "MacKenzie Scott Announces $4.2 Billion More in Charitable Giving". The New York Times. ISSN 0362-4331. Retrieved December 16, 2020.
  22. ^ Goodwin, Jazmin (September 3, 2020). "MacKenzie Scott has become the world's richest woman". CNN. Retrieved September 10, 2020.
  23. ^ Mattioli, Dana (March 7, 2021). "Philanthropist MacKenzie Scott, Ex-Wife of Jeff Bezos, Marries Seattle School Teacher". The Wall Street Journal. Retrieved March 8, 2021.
  24. ^ McLean, Rob (March 8, 2021). "Billionaire MacKenzie Scott remarries, tying the knot with a Seattle schoolteacher". CNN. Retrieved March 8, 2021.
  25. ^ Schleifer, Theodore (May 28, 2019). "MacKenzie Bezos signed the philanthropic commitment her ex-husband spurned". Vox. Archived from the original on May 27, 2020. Retrieved May 31, 2020.
  26. ^ a b Scott, MacKenzie (July 28, 2020). "116 Organizations Driving Change". Medium. Retrieved November 18, 2021.
  27. ^ Iyengar, Rishi (July 28, 2020). "MacKenzie Scott, formerly Bezos, says she has given away $1.7 billion of her wealth so far". CNN Business. Retrieved July 28, 2020.
  28. ^ "'Transformational': MacKenzie Scott's gifts to HBCUs, other colleges surpass $800 million".
  29. ^ "The historic MacKenzie Scott gifts to historically Black colleges and others: Which schools got how much".
  30. ^ Kulish, Nicholas (December 16, 2020). "MacKenzie Scott Announces $4.2 Billion More in Charitable Giving". The New York Times. ISSN 0362-4331. Archived from the original on December 16, 2020. Retrieved December 16, 2020.
  31. ^ a b c Scott, MacKenzie (December 15, 2020). "384 Ways to Help". Medium. Retrieved December 26, 2020.
  32. ^ Dolan, Kerry A. "Mackenzie (Bezos) Scott Announces She's Donated $4.1 Billion To 384 Groups In Recent Months". Forbes. Retrieved December 16, 2020.
  33. ^ "Philanthropist MacKenzie Scott gives away $2.7bn to hundreds of charities". June 15, 2021.
  34. ^ a b "Inside MacKenzie Scott's 'No Strings Attached' Philanthropy: 'I Was In Tears'". July 7, 2021.
  35. ^ a b Avi-Yonah, Shera (July 29, 2021). "MacKenzie Scott, Melinda French Gates Give $40 Million to Gender Equality Groups". Bloomberg News. Retrieved March 1, 2021.
  36. ^ McGrath, Maggie (July 29, 2021). "Melinda French Gates And MacKenzie Scott Award $40 Million To The Winners Of The Equality Can't Wait Challenge". Forbes. Retrieved March 1, 2021.
  37. ^ Sandler, Rachel (February 12, 2021). "Here's Who MacKenzie Scott Donated To So Far In February". Forbes. Retrieved March 1, 2021.
  38. ^ "Habitat for Humanity International and 84 U.S. Habitat affiliates receive transformational $436M gift from MacKenzie Scott". Habitat for Humanity. Retrieved March 24, 2022.
  39. ^ Franklin, Jonathan (March 23, 2022). "MacKenzie Scott makes a record $275 million donation to Planned Parenthood". NPR. Retrieved March 24, 2022.
  40. ^ Scott, MacKenzie (March 23, 2022). "Helping Any of Us Can Help Us All". Medium. Retrieved March 24, 2022.
  41. ^ "Big Brothers Big Sisters on Path to Transform Mentorship in America with $122.6 Million Donation from MacKenzie Scott". BBBS. May 24, 2022. Retrieved May 25, 2022.{{cite web}}: CS1 maint: url-status (link)
  42. ^ "Giving Billions Fast, MacKenzie Scott Upends Philanthropy". December 20, 2020.
  43. ^ a b Scott, MacKenzie (June 16, 2021). "Seeding by Ceding". Medium. Retrieved November 15, 2021.
  44. ^ Bezos, MacKenzie; Sutherland, Brian (2013). The Testing of Luther Albright (Unabridged ed.). Brilliance Audio. ISBN 978-1480569157.
  45. ^ Bezos, MacKenzie (2013). Traps. New York: Vintage. ISBN 978-0307950291. Archived from the original on December 17, 2019. Retrieved September 7, 2019.

Further reading[edit]

External links[edit]