MacKenzie Scott gives away $4.2 billion in four months

MacKenzie Scott has been giving away money at an “unprecedented pace” as she has donated more than $4 billion in the last four months after giving away $1.7 billion in gifts in July. 

Scott is the world’s 18th richest person and has been outlining her contributions in blog posts. On Tuesday she stated in a blog post that she has been working with her team to “figure out how to give away her fortune faster.” This year alone, Scott’s wealth grew from $23.6 billion to $60.7 billion as Amazon.com Inc., has surged. 

“This pandemic has been a wrecking ball in the lives of Americans already struggling,” she wrote in the post on Medium. “Economic losses and health outcomes alike have been worse for women, for people of color and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”

Scott donations and gifts this year are close to $6 billion, which is one one of the highest annual contributions by a living individual, according to Melissa Berman, CEO of Rockefeller Philanthropy Advisors. 

See Sophie Alexander and Ben Steverman, MacKenzie Scott gives away $4.2 billion in four months, Bloomberg Wealth, December 15, 2020. 

Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.