Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024

NEW YORK (AP) — Billionaire author and philanthropist MacKenzie Scott acknowledged another $2 billion in donations in a blog post on Wednesday, bringing the total she’s given away since 2019 to $19.2 billion.

She also revealed new information about how she was managing her wealth, saying she had directed advisors to invest her funds into “mission-aligned ventures.” Most of the grants she made in 2024, she said, went to bolstering economic security and opportunities..

“I’ve asked the investment team helping me manage the assets I’m working to give away to source funds and companies focused on for-profit solutions to these challenges,” Scott wrote. That is in contrast to “withdrawing funds from a bank account, or from a stock portfolio that increases the wealth and influence of leaders who already have it.”

Most of Scott's wealth comes from shares of Amazon that she received when she divorced the company’s founder, Jeff Bezos. Forbes estimates her current wealth to be $31.7 billion, even after giving away her money for five years.

https://www.msn.com/en-us/money/personalfinance/philanthropist-mackenzie-scott-reveals-another-2-billion-in-donations-in-2024/ar-AA1w6Xbh