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THE TRUTH ABOUT: Mackenzie scott - The Untold Story

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

The crypto billionaire says he has a donor-advised fund but no plans to start a foundation, joining Elon Musk in casting doubt on traditional giving.

Fortune

MacKenzie Scott has given away $26.4 billion since her divorce from Jeff Bezos, more than any individual worldwide since 2012. Her record-breaking philanthropy is transforming HBCUs across America

MacKenzie Scott has donated $26.4 billion in less than seven years, making her the individual who has donated more money worldwide in a single year than anyone since Forbes began tracking charitable giving in 2012. The billionaire philanthropist has directed hundreds of millions of dollars toward HBCUs, often through unrestricted…

The Economic Times

What Happens to Lululemon Founder Chip Wilson's $6.1B Fortune in Divorce Without a Prenup?

Lululemon founder Chip Wilson filed for a divorce without a prenup, which could lead to complexities in dividing a $6.1 billion fortune under British Columbia's Family Law Act.

International Business Times UK

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Jeff Bezos' ex-wife MacKenzie Scott, who sold more than half her Amazon stake, gives $45 million to Trevor Project - the largest single donation in its 27-year history

MacKenzie Scott has given The Trevor Project its largest-ever donation, a $45 million unrestricted gift that comes as the LGBTQ+ youth organization rebuilds after layoffs, management turmoil and the loss of $25 million in federal funding.

The Economic Times

Quote of the Day by Mackenzie Scott: "People who have worked their whole lives in service to others should not have to beg billionaires..." Her powerful call to flip the power dynamic in philanthropy, trust the people doing the work and rethink how wealth is used to create change

Quote of the day by Mackenzie Scott "People who have worked their whole lives in service to others should not have to beg billionaires for funding. The power dynamic needs to flip" challenges traditional philanthropy, arguing that people who dedicate their lives to serving others should not have to beg…

The Economic Times

Jeff Bezos's ex-wife MacKenzie Scott has given over $1 billion to HBCUs: From a $42 million gift to Elizabeth City State to $80 million for Howard University, here’s the full list

Jeff Bezos’ ex-wife MacKenzie Scott’s donations: MacKenzie Scott has donated more than $1 billion to historically Black colleges and universities. Her latest gift of $42 million went to Elizabeth City State University. Scott’s donations are largely unrestricted, giving institutions significant flexibility in how they use the funds. She has donated…

The Economic Times

Before giving away billions, MacKenzie Scott started an anti-bullying organisation; her lesser-known philanthropy cause she backed for years

MacKenzie Scott is widely known for the extraordinary pace at which she has given away her fortune, often handing large grants to organisations with few restrictions on how the money should be spent. But years before her name became closely associated with billionaire philanthropy, she was backing a much smaller…

The Times of India

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MacKenzie Scott's latest donation takes her HBCU giving to well over $1 billion

The billionaire philanthropist has a multi-year streak of transformative, no-strings-attached giving to historically Black colleges and universities.

Fortune

Jeff Bezos’ Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: ‘Nobody Wanted to Hear This From You’ — He Once Gave Her $100 Million for Charity

Jeff Bezos’ tribute to Dolly Parton sparked fierce backlash online, but critics overlooked a key detail. In 2022, he gave Parton $100 million to donate to charities of her choice.

Barchart

Life lesson from Mackenzie Scott: "There are lots of resources each of us can pull from our safes to share with others. And something greater rises up..."

MacKenzie Scott’s life lesson "There are lots of resources each of us can pull from our safes to share with others. And something greater rises up every time we give" offers a simple message about generosity. It highlights that everyone has something valuable to share. From money and time to…

The Economic Times

MacKenzie Scott has given away 5 times more than Jeff Bezos despite his $280 billion net worth, 8x greater fortune and 13x more Amazon stock

MacKenzie Scott has given away roughly five times more money than her ex-husband Jeff Bezos, even though Bezos has a $280 billion net worth, making him about eight times wealthier than Scott. He also owns nearly 13 times more Amazon stock than his former wife. Scott has donated almost $27…

The Economic Times

After Jeff Bezos’ ex-wife MacKenzie Scott philanthropy, JPMorgan Chase’s Jamie Dimon and wife Judith donate $12 million to 12 HBCUs: Full list

Jamie Dimon and wife Judith donating $12 million to historically Black colleges and universities: Jamie Dimon and his wife Judith are donating $12 million to 12 historically Black colleges and universities through their foundation, creating a permanent fund aimed at expanding economic opportunities for students.

The Economic Times

MacKenzie Scott gave a nonprofit $20 million in 2020. Five years later, it got another $50 million after an email and a phone call

MacKenzie Scott adopts an innovative philanthropic model that sidesteps the usual grant application process. Instead, her team conducts discreet research and initiates direct contact with selected nonprofits. Organizations like Native Forward and the University of Maryland Eastern Shore have received unexpected large donations. With billions sourced mainly from her Amazon…

The Economic Times

MacKenzie Scott Helped Erase $40B in Medical Debt: Her Donations Top Musk, Bezos and Larry Page Combined

MacKenzie Scott has donated $130 million to Undue Medical Debt, helping erase over $40 billion in medical debt across the US, highlighting her significant impact on philanthropy and healthcare reform.

International Business Times UK

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The Economic Times

Mark Cuban, worth more than $10 billion, has a bold plan to tackle wealth inequality — here’s what the Shark Tank star wants companies to do

Mark Cuban, who is reportedly worth more than $10 billion, has proposed a new way to tackle wealth inequality: companies should either give every employee a share of the business or face higher corporate taxes. The Shark Tank star says workers should benefit when the companies they help build become…

The Economic Times

In 1999, an American teacher gave $5,000 to a Chinese woman fighting a desert. 27 years later, they reunited in tears after her trees grew into a 50,000-tree forest

In 1999, American teacher Ronald Sakolsky gave $5,000 to Chinese environmentalist Yin Yuzhen after seeing her fight against desertification in Inner Mongolia. Sakolsky eventually travelled to Inner Mongolia and met Yin in person in 2000. Decades later, their reunion ended in tears as the trees she planted grew into a…

The Economic Times

Not just MacKenzie Scott, this US billionaire has given over $1.5 billion to his alma mater Johns Hopkins University, starting with a $5 donation in 1964

Michael Bloomberg’s decades-long commitment to Johns Hopkins University began with a $5 donation and has since grown into more than $1.5 billion in giving. The US billionaire philanthropist has helped expand financial aid, support groundbreaking research, improve medical education and make opportunities more accessible to students from lower- and middle-income…

The Economic Times

Abandoned since 1989, American buys Spanish village for $363,000 as he plans $7 million tourism revival with 44 homes, church, school and bar

Abandoned since 1989, Spain’s Salto de Castro village has a new owner after American Jason Lee Beckwith bought the historic settlement for €310,000 ($363,000). He plans to invest up to $7 million to restore its 44 homes, church, school and bar and turn the deserted village into a tourism and…

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Fortune

A $1,000 loan kept MacKenzie Scott in college—now the billionaire philanthropist is giving away her $37 billion fortune to repay it forward

MacKenzie Scott has donated $26 billion in the past several years.

The Economic Times

Amazon's Jeff Bezos once asked Warren Buffett why few copy his strategy. Now he is backing a $7 billion football giant and it reflects the same long-term thinking

Billionaire and Amazon founder Jeff Bezos once asked ace investor Warren Buffett why more people don't follow his simple investment strategy. Buffett's “get-rich-slowly” answer stayed with Jeff Bezos, whose latest $7 billion Liverpool FC investment reflects a similar long-term approach to building value. A consortium including Jeff Bezos has agreed…

The Economic Times

In 1979, Canadian fisherman Édouard Arsenault got a postcard from his daughter that inspired him to build an entire village from more than 25,000 recycled glass bottles

In 1979, Canadian fisherman and carpenter Édouard T. Arsenault was inspired by a postcard from his daughter to build something extraordinary. He collected and cleaned discarded glass bottles and eventually created three structures in Prince Edward Island using more than 25,000 bottles. Today, the Bottle Houses remain a unique roadside…

The Economic Times

MacKenzie Scott’s $26 billion philanthropy journey, inspired by a college book, stands apart from Warren Buffett and Bill Gates and Melinda French Gates' approach to giving

After her divorce from Jeff Bezos, MacKenzie Scott revolutionized her philanthropic strategy by emphasizing rapid donations. But her way of donation is different from Warren Buffett and Bill Gates and Melinda French Gates. She trusts recipient organizations to determine the best use of funds, influenced by an impactful Annie Dillard…

Fortune

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

The Economic Times

MacKenzie Scott donated two Beverly Hills homes she bought with ex-husband Jeff Bezos; the $55 million gift helped fund affordable housing in Los Angeles

In a remarkable act of philanthropy, billionaire MacKenzie Scott donated two luxurious Beverly Hills residences worth $55 million to the California Community Foundation in 2022. The foundation intends to sell these homes and allocate the proceeds towards affordable housing projects, particularly benefiting Los Angeles County. Additionally, some funds will support…

The Times of India

In 2022, MacKenzie Scott donated two Beverly Hills homes valued at $55 million; their sale supported affordable housing in Los Angeles

Beverly Hills is known for some of the most expensive residential property in Los Angeles, where large homes can change hands for tens of millions of dollars. In 2022, two such properties became part of a very different kind of transaction. MacKenzie Scott, the billionaire philanthropist and former wife of…

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