Billionaires are mostly despicable Montgomery-Burns type people. But then there’s MacKenzie Scott, one of the few ultra-rich who doesn’t deserve to get tarred and feathered in the coming revolution! She’s the third-wealthiest woman in the United States, 38th in the world, and has now given away $19.25 billion (with a B!) in 2,524 charitable gifts, with a focus on racial equality, LGBTQ+ equality, democracy, and climate change.
She and her small team seek out nonprofits operating in communities facing high food insecurity, high measures of racial inequity, high local poverty rates, and low access to philanthropic capital. And then she gives away the money with no strings attached. Which is unusual in philanthropy! Also unusual, she’s pretty quiet about it. She has a web site that shows what she has donated to, but there’s no MacKenzie Scott ribbon cuttings, or buildings with her name on them when she drops a check. She donates, then she dips. And she plans to “keep at it until the safe is empty.”
Scott’s given to community centers, the ACLU, historically Black colleges and universities, food banks, Planned Parenthood, YMCAs, dance theaters, Native American groups, legal aid centers, to paying off medical debt, legal funds for transgender people. It is truly an inspiring list!
You may be wondering how she got there! Then-MacKenzie Tuttle went to Princeton and studied under Toni Morrison, then got a job working at the hedge fund D. E. Shaw. Where, in 1993, she met Jeff Bezos, a 30-year-old with thinning hair. But she liked his laugh, and he liked that she was resourceful. “The number-one criterion was that I wanted a woman who could get me out of a Third World prison," he once said.
And even though she was just 23, MacKenzie was that kind of can-do woman. They married, and there would be no Amazon without her. They moved to Seattle, where she helped Jeff get the company off the ground from their garage. She wrote Amazon’s business plan, did the company’s accounting and toted its early orders to the UPS Store in their minivan, while also raising their four kids, and writing novels. She won an American Book Award for her first one, The Testing of Luther Albright, which she wrote in the bathroom for 10 years in between everything else she was doing.
All seemed happy in the Bezos marriage for 25 years, until 2019, when the National Enquirer tracked Jeff and his (also married) ladyfriend Lauren Sánchez “across five states and 40,000 miles, tailed them in private jets, swanky limos, helicopter rides, romantic hikes, five-star hotel hideaways, intimate dinner dates and 'quality time' in hidden love nests.” They even somehow got his personal texts and shirtless bathroom photos, which seems potentially not legal. And then, according to Jeff, AMI content officer Dylan Howard tried to blackmail and extort him. (You may remember that creep from the Trump trial, as the broker of catching and killing tales of Trump’s affairs, or from catch/killing stories about Harvey Weinstein.)
And Jeff refused to play ball with the Enquirer. The story came out, and MacKenzie and Jeff announced their separation, as did Sánchez and her husband, Patrick Whitesell. And MacKenzie got 400 million Amazon shares in the divorce, which she has been selling and donating to charities ever since. But don’t worry, she’s still got about $32 billion left to make do with!
Since then, Jeff has been living flashy, with a $500 million yacht, buoyant fiancee, and his own newspaper that he imposes his Trump sympathies onto.
MacKenzie’s been living more quietly. She changed her last name to Scott, and married one of her children’s teachers (though they have since divorced). Otherwise, she’s been laying low, though she’s been known to sometimes gal-pal around with Melinda French Gates, Bill’s ex, who has pledged $1 billion over the next two years to US nonprofits working in women’s health. I’ll bet those two have a lot of fun!
All of this lady-giving mightily pisses off Elon Musk, who has a charitable foundation with zero employees, that for three years has failed to distribute even the 5 percent minimum required to be eligible for a tax deduction, putting him potentially in hot water with the IRS, OOPS.
Musk bitched in March that “super rich ex-wives who hate their former spouse” could contribute to the decline of Western civilization, and more recently Xitted that Scott’s contributions were “concerning.” Which rather just draws more attention to those ladies’ good works, in contrast to what a shit person Elon is, unable to donate a wooden nickel unless it might benefit himself, somehow, and fucking over his exes in whatever way possible.
We call this “divorced dad energy” and he is rich in it for sure.
After his snotty comment, MacKenzie Scott gave away another $600 million, the end.
[Yield Giving/ Wired/ Vogue/ Medium/ New York Times archive link]
>> After his snotty comment, MacKenzie Scott gave away another $600 million, the end. <<
The perfect end to a delightful story.
Meanwhile...
𝐶𝑜𝑠𝑡𝑐𝑜 𝑟𝑒𝑠𝑝𝑜𝑛𝑑𝑒𝑑 𝑡𝑜 𝑠ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝑟𝑒𝑞𝑢𝑒𝑠𝑡𝑖𝑛𝑔 𝑡ℎ𝑎𝑡 𝑖𝑡 𝑤𝑖𝑡ℎ𝑑𝑟𝑎𝑤 𝑓𝑟𝑜𝑚 𝐷𝐸𝐼 𝑝𝑜𝑙𝑖𝑐𝑖𝑒𝑠. 𝑇ℎ𝑒 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑒 𝑤𝑎𝑠 𝑑𝑖𝑟𝑒𝑐𝑡 𝑎𝑛𝑑 𝑡𝑜 𝑡ℎ𝑒 𝑝𝑜𝑖𝑛𝑡: 𝐶𝑜𝑠𝑡𝑐𝑜 𝑠𝑎𝑦𝑠, "𝑂𝑢𝑟 𝑏𝑜𝑎𝑟𝑑 ℎ𝑎𝑠 𝑐𝑜𝑛𝑠𝑖𝑑𝑒𝑟𝑒𝑑 𝑡ℎ𝑖𝑠 𝑝𝑟𝑜𝑝𝑜𝑠𝑎𝑙 𝑎𝑛𝑑 𝑏𝑒𝑙𝑖𝑒𝑣𝑒𝑠 𝑡ℎ𝑎𝑡 𝑜𝑢𝑟 𝑐𝑜𝑚𝑚𝑖𝑡𝑚𝑒𝑛𝑡 𝑡𝑜 𝑎𝑛 𝑒𝑛𝑡𝑒𝑟𝑝𝑟𝑖𝑠𝑒 𝑟𝑜𝑜𝑡𝑒𝑑 𝑖𝑛 𝑟𝑒𝑠𝑝𝑒𝑐𝑡 & 𝑖𝑛𝑐𝑙𝑢𝑠𝑖𝑜𝑛 𝑖𝑠 𝑎𝑝𝑝𝑟𝑜𝑝𝑟𝑖𝑎𝑡𝑒 & 𝑛𝑒𝑐𝑒𝑠𝑠𝑎𝑟𝑦."