MacKenzie Scott Slashed Amazon.com (AMZN) Stake by 42% in One Year, Reports Bloomberg

Amazon.com, Inc. (NASDAQ:AMZN) is among the 14 Best Big Name Stocks to Invest in Right Now. According to a Bloomberg report on Tuesday, billionaire philanthropist MacKenzie Scott, Jeff Bezos’ former wife, has slashed her stake in the company by 42% since last year.

Scott now holds 81.1 million shares in the firm, according to the latest disclosure dated September 30, the report said. This is down 58 million from a year ago. The reduction is worth an estimated $12.55 billion, based on the stock’s closing price on Tuesday. However, the report states that it couldn't be ascertained whether the stake reduction was due to sales or gifts.

Following her divorce from Bezos in 2019, Scott received a 4% stake in Amazon.com, Inc. (NASDAQ:AMZN), amounting to $36 billion. However, Bezos still exercises sole voting authority over her holdings and needs to file disclosures annually.

Scott is known for giving large grants to small nonprofit organizations. Last year, she gave away $2 billion to 199 organizations, taking her total donations to $19.25 billion to more than 2,450 non-profit teams over the last five years.

Amazon.com, Inc. (NASDAQ:AMZN) is an American multinational technology company that engages in e-commerce, online advertising, cloud computing, artificial intelligence, and digital streaming.

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