Jeff Bezos’ wife to donate half of her $37bn Amazon fortune to charity
In what was being regarded as the world's most expensive divorce, Jeff Bezos' wife pledges half of her Amazon fortune to charity.
- Mckenzie Bezos received $37bn Amazon fortune after formalizing divorce with Amazon owner.
- It makes her among the world’s richest people.
- She acquired 4% of the company in the settlement.
- She joins billionaires such as investor Warren Buffett and Microsoft founder Bill Gates in the Giving Pledge.
- The pledge was basically started by Mr. Buffett and Mr. Gates. It calls for the richest to give away half or more of their wealth.
MacKenzie Bezos, the former wife of Amazon.com Inc Chief Executive Officer Jeff Bezos, has pledged to give half of her Amazon fortune to charity. Her response came following the “Giving Pledge” movement that initiated by Warren Buffett and Bill Gates in 2010, asking for world’s richest to donate half of their fortune.
Mackenzie and Jeff divorced earlier this year. She acquired 4% of the company in the settlement and is approximately worth $37bn (£29bn).
Speaking about her future in philanthropy and charity, Mckenzie said it needs ‘care and time’. She added that she has a lot of disproportionate wealth to share and she will continue to make this world a better place for others.
“In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share” she said in a statement.
“My approach to philanthropy will continue to be thoughtful. It will take time and effort and care.”
Jeff took to Twitter to share his thoughts on his ex-wife’s decision. He said that she is ‘amazing and thoughtful’ and he is proud of her.
”MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her. Her letter is so beautiful. Go get ‘em, MacKenzie.” – he said.
MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her. Her letter is so beautiful. Go get ‘em MacKenzie. https://t.co/S2gLLBQyRQ
— Jeff Bezos (@JeffBezos) May 28, 2019
”The Giving Pledge”
According to its website, this pledge is a public promise rather than a legal contract.
“The goal is to talk about giving in an open way and create an atmosphere that can draw more people into philanthropy” – the website says.
The Giving Pledge has been signed by 204 individuals, couples and families from 23 countries. Former New York Mayor Michael Bloomberg, CNN founder Ted Turner and entertainment executive Barry Diller were among the initial signatories to this public promise back in 2010.
This year, pledges have come from hedge fund billionaire Paul Tudor Jones; Jeremy Grantham, who is the co-founder of US investment firm GMO; and Emirati businessman Sheikh Mohammed bin Musallam bin Ham Al Ameri.
However, Amazon CEO Mr. Bezos is not among the signatories to the Giving Pledge. He put $2bn into a charitable fund he established last year to help the homeless and set up a new network of schools. However, he attracted a lot of backlash for keeping his staff underpaid.
What are thoughts on this? Share with us in the comments bar below.