MacKenzie Scott

MacKenzie Scott is an American novelist and author who was married for 25 years to Amazon founder Jeff Bezos. In mid-2019, they split up. Bezos gave Scott 25% of his Amazon share, or 4% of the company, as part of his divorce settlement. Scott earned an American Book Award in 2006 for The Testing of Luther Albright, her debut novel published in 2005. In the year 2005, Traps, her second novel, was released in 2013. Since its inception in 2014, Scott has served as the executive director of Bystander Revolution, and has been named one of TIME Magazine’s 100 Most Influential People of 2020.

MacKenzie Scott

MacKenzie Scott

The overview of a MacKenzie Scott are as follows:

1. Education and the early year

  • MacKenzie Scott Tuttle was born to a financial planner father and a housewife mother in San Francisco, California, on April 7, 1970.

  • She claims to have started writing seriously when she was six years old, when she wrote The Book Worm, a 142-page book that was flooded and destroyed.

  • Hotchkiss School in Lakeville, Connecticut, awarded her diploma in 1988.

  • Tuttle graduated from Princeton University with a bachelor’s degree in English in 1992, studying under Nobel Laureate Toni Morrison, who praised Tuttle as “one of the best students I’ve ever had in my creative writing classes.”

  • She also assisted Morrison in his research for the novel Jazz, published in 1992.

2. Career

  • Scott won an American Book Award in 2005 for her debut novel, The Testing of Luther Albright. She claimed it took her ten years to write since she was assisting Jeff Bezos in the development of Amazon while also giving birth to and raising three children.

  • Toni Morrison, her former instructor, described the work as “a rarity: a cerebral novel that fractures and fills the heart.” Traps, her second novel, was released in 2013.

3. Amazon

  • Scott and Bezos married in 1993, and the two left D. E. Shaw in 1994 to go to Seattle and launch Amazon. Scott was one of Amazon’s earliest employees, working on the company’s name, business plan, accounts, and shipping early orders during the company’s early days.

  • She also negotiated the first freight contract for the company. Scott took a less active part in the business as Amazon grew in popularity, focusing on her family and writing career.

4. Private life

  • From 1993 through 2019, Scott was married to Amazon and Blue Origin founder Jeff Bezos. She met him in 1992 while working as his assistant at D. E. Shaw; they married and moved to Seattle, Washington, in 1994, following three months of dating in New York.

  • They have four children, three males and one daughter. Their Chinese-adopted daughter is their pride and joy. Scott won $35.6 billion in Amazon shares as part of their 2019 community property divorce, although her ex-husband retained 75% of the couple’s Amazon stock.

  • Her wealth has grown to such an extent that she surpassed Warren Buffett in April 2019 to become the world’s richest woman.

  • In July 2020, Forbes ranked Scott as the 22nd richest person globally, at $36 billion. Her net worth was projected to be over $62 billion when she was named the world’s richest woman in September 2020.

  • After her divorce from Jeff Bezos, Mackenzie Bezos adopted the name Mackenzie Scott, the surname deriving from her middle name.

  • Dan Jewett, a chemistry teacher at a high school, is Scott’s wife. Jewett’s Giving Pledge letter, which was published on March 6, 2021, revealed the marriage.

5. Philanthropy

  • Scott signed the Giving Commitment in May 2019, a charitable-giving program in which she pledged to donate the majority of her wealth to charity during her lifetime or in her will; despite its name, the pledge is not legally binding.

  • In a July 2020 Medium post, Scott claimed that she had donated $1.7 billion to 116 non-profits, with a focus on racial equality, LGBTQ+ equality, democracy, and climate change.

  • She has given more than $800 million to HBCUs, Hispanic-serving institutions, tribal colleges and universities, and other colleges.

  • Scott announced in December 2020, less than six months later, that she had donated $4.15 billion to 384 groups in the previous four months, with a focus on assisting those affected by the COVID-19 pandemic’s economic impact and tackling long-term systemic injustices.

  • She stated that following July, she wanted her advisory team to give away her fortune more quickly as the US dealt with the unprecedented impact of COVID-19 while billionaires’ wealth continued to rise.

  • “Identifying organizations’ with excellent leadership teams and results, with special attention to those operating in communities with high predicted food insecurity, high measures of racial disparity, high local poverty rates, and low access to donor money,” her team said.

  • Scott’s charitable giving for the year 2020 was $5.8 billion, making it one of the largest yearly contributions to functioning charities by a private individual. Scott will give $2.7 billion to 286 groups on June 15, 2021.

Summary

MacKenzie Jeff Bezos, the founder of Amazon, was married to Scott Tuttle from 1993 to 2019. In 2019, she became richer than Warren Buffett for the first time. Her Amazon stock was worth $35.6 billion after her divorce from Bezos, although he still owned 75% of the corporation. As of the end of September 2020, Scott ranked as the world’s wealthiest woman. Forbes listed Scott as the world’s 22nd wealthiest person in July 2020, with a net worth of $36 billion. Dan Jewett, a chemistry teacher at a high school, is Scott’s wife.

Books

MacKenzie Scott Books are mentioned in the following table:

BOOKS NAME PUBLISHED DATE
The Testing of Luther Albright: A NOVEL AUG /01/2005
TRAPS MARCH/12/2013

Ambassador for the Amazon

  • Mr. Bezos was clear from the start that he planned to use the internet to destroy traditional retail. He swiftly developed Amazon as a good online bookstore, and then began diversifying by selling music (while that was still a viable option), films, medications, and other consumer goods.

  • As he told Chip Bayers in a 1999 wired feature, his vision was foresightful. In 2020, Mr. Bezos forecasted: You’ll order the great majority of store-bought items electronically, such as food essentials, paper products, and cleaning supplies. Some physical stores will survive, but they must provide at least one of two things: entertainment value or instant convenience.

  • According to “The Everything Store,” MacKenzie Bezos, who first lived with her husband in a rented home in an East Seattle suburb, was heavily involved in the business from the beginning. She helped create company names and even shipped early purchases via UPS in addition to working as an accountant.

  • In an interview for this story, Mr. Stone stated, “She was certainly a voice in the room in those early years.” In 1999, after moving into a $10 million mansion in Medina, Washington, Ms Bezos fell pregnant with their first child. Wash. The Bezos family worked hard to maintain the trappings of normalcy while they rapidly gained fortune.

  • Ms. Stone stated that Ms Bezos frequently drove her four children to school in a Honda and then dropped Mr. Bezos off at work.

  • Ms Bezos took a step back as the company grew, concentrating on her family and creative pursuits.

    MacKenzie Scott

  • Mr. Stone explained, “Company wasn’t her passion, and she wasn’t as active in the day-to-day business as Amazon took off.”

  • She worked on her first novel for a decade, often getting up early to write. She signed with Ms Urban at ICM Partners, representing Cormac McCarthy, Haruki Murakami, and Kazuo Ishiguro, her mentor’s literary agent.

  • The narrative of an engineer whose professional and personal life began to disintegrate in the 1980s is told in “The Testing of Luther Albright,” which was released by Harper in 2005 and received positive reviews.

  • Ms Bezos’ second novel, “Traps,” was published in 2013, and it follows a reclusive film actress named Jessica Lessing as she emerges from hiding to confront her father. This con man has been selling her out to the paparazzi for years. Jessica travels to Las Vegas to meet him and meets three other women who become her allies: a teen mother, the head of a dog sanctuary, and a former military bodyguard.

  • “The book’s central message, in my opinion, is that the things in life that cause us the most anxiety are those same things., the things that we feel trapped by, the mistakes we’ve made, the bad luck we run into, the accidents that happen to us, the paradoxes — in the end, often those are the things that we’ll look back and be the most grateful for,” Ms Bezos said of the novel during an interview. “They deliver us to our destination.”

  • Ms Bezos’ second novel, “Traps,” was published in 2013, and it follows a reclusive film actress named Jessica Lessing as she emerges from hiding to confront her father. This man has been selling her out to the paparazzi for years. Jessica travels to Las Vegas to meet him and meets three other women who become her allies: a teen mother, the head of a dog sanctuary, and a former military bodyguard.

  • “The book’s main subject, in my opinion, is that the things we worry about the most in life are not the most important things in life., the things that we feel trapped by, the mistakes we’ve made, the bad luck we run into, the accidents that happen to us, the paradoxes in the end, often those are the things that we’ll look back and be the most grateful for,” Ms Bezos said of the novel during an interview. “They deliver us to our destination.”

  • Even though Amazon launched its own publishing imprints with fanfare, Ms Bezos continued to publish her books through Harper and Knopf. (When questioned why Ms Bezos’ books weren’t being published under Amazon’s fiction imprints, Mr Bezos joked that his wife was “the fish that got away.”)

  • According to NPD BookScan, which tracks about 85 per cent of print sales, her novels have only sold a few thousand print copies. As per a publication executive who requested anonymity, some independent bookshops refused to stock Ms Bezos’s works. For this article, Ms Urban, Ms Bezos’ literary agency, declined to comment.

    MacKenzie Scott

Divorce for a Billion Dollars

  • The Bezos were the world’s wealthiest marriage, and their divorce is almost unparalleled in terms of money. There have been multibillion-dollar divorces, such as that of Steve and Elaine Wynn, who owned casinos together, and technology entrepreneurs have undoubtedly been married and divorced.

  • Most notably Larry Ellison, the co-founder of Oracle, has been married and divorced four times.However, no divorce has ever occurred between a couple worth an estimated $137 billion, such as Mr and Mrs Bezos.

  • The financial arrangements of the marriage are unknown. Divorces are handled by state law. The Bezoses’ primary residence and company are in Washington State, a community property state that requires any income or wealth acquired during the marriage to be split evenly between spouses.

  • However, some lawyers believe that Mr and Mrs Bezos will not follow the rule predictably. Mr Bezos’ 16.1 per cent stake in Amazon stock might be halved if they split assets equally.

  • William Zabel, a founding member of the law firm Schulte Roth & Zabel, who has handled numerous high-profile divorce cases but not with the Bezoses, said, “I’d think they didn’t quarrel at all about how much wealth each other receives.” “They probably struggled over control,” he said.

  • Mr Zabel, who represented Wendi Murdoch and Jane Welch in their divorces, predicted that the Bezoses would almost surely work out a method to split the value of the Amazon shares while preserving Mr Bezos’ leverage. The length of time that such an agreement would be in effect would be negotiated.

  • In recent weeks, Ms Bezos has been keeping a low profile, and she hasn’t been photographed since the divorce was announced. (Mr Bezos, on the other hand, has continued to appear in public, most recently attending a Golden Globes after-party with Lauren Sanchez, a former television anchor with whom he is rumored to be dating.)

    MacKenzie Scott

It is unclear what Ms Bezos will do next or how the divorce will play out

  • Questions about her philanthropic plans, for example, will inevitably arise. In the past, the Bezoses’ charitable contributions were small. They gave $15 million to their Alma institution in 2011 to establish a brain research Centre.

  • They provided $2.5 million the following year to support a Washington state vote on same-sex marriage. Mr Bezos solicited his Twitter followers for suggestions on how to donate more generously in 2017.

  • In September, he and Ms Bezos unveiled a $2 billion foundation to support homeless families and launch a network of Montessori-inspired preschools. But, like Laurence Powell Jobs, who founded the Emerson Collective, Ms Bezos may forge her own philanthropic route.

  • Ms Bezos may find a more receptive audience among indie booksellers if she continues to write and publish. If Ms Bezos chooses to pen a book, some publishing executives, who declined to be mentioned on the record, spoke joyfully of the blockbuster potential.

Frequently Asked Questions (FAQs)

People asked many questions about “MacKenzie Scott” few of them were discussed below:

1. Did Mackenzie Scott contribute to the creation of Amazon?

While Jeff Bezos was building Amazon from a garage into one of the world’s most powerful corporations and becoming one of the wealthiest businesspeople of his generation, the world knew very little about his wife, MacKenzie, a novelist and mother of four. She was instrumental in the company’s founding.

2. MacKenzie Scott is a billionaire in what way?

Scott has received widespread praise for her recent philanthropic giving, including $2.75 billion last month to “historically underfunded and overlooked” groups, thanks to the fortune of Amazon stock she secured in her divorce from Jeff Bezos her personal wealth is currently estimated at $65 billion.

3. Is Mackenzie Scott a devout Christian?

Religious organizations’ including Christian, Muslim, and Jewish organizations, were among those who received a portion of former Jeff Bezos’ wife MacKenzie Scott’s.

4. Why does MacKenzie Scott have such a large salary?

Scott’s net worth stems from her 4% interest in Amazon, which was created by her ex-husband, Jeff Bezos; the value of that investment has risen to almost $60 billion because of Amazon’s rising stock price over the last year, making Scott one of the world’s wealthiest women. In the year 2020, she will have given away almost $6 billion.

5. Has Mackenzie Scott gotten married again?

Dan Jewett, her new husband, is a high school science teacher. He has promised to help her give away a large portion of her fortune. MacKenzie Scott, a millionaire philanthropist, has remarried following her high-profile divorce from Amazon founder Jeff Bezos.

6. Is Mackenzie Scott the owner of Amazon?

Since her divorce from Jeff Bezos, MacKenzie Scott has handed away almost $8 billion. She just donated $2.74 billion to charity, yet her net worth is still estimated to be about $60 billion. Scott owns a 4% interest in Amazon, which has seen its stock price rise during the pandemic.

7. What is MacKenzie Scott’s net worth?

Since her divorce from Jeff Bezos, MacKenzie Scott has handed away almost $8 billion. She just donated $2.74 billion to charity, yet her net worth is still estimated to be about $60 billion. Scott owns a 4% interest in Amazon, which has seen its stock price rise during the pandemic.

8. How much money does Jeff Bezos make daily?

Many people make more money in a week than Jeff Bezos does in a second. Bezos earns nearly $8.99 billion every month, $2.25 billion per week, or $321 million per day, based on his expanding net worth over the last few years.

9. Has Mackenzie Scott made any charitable contributions?

After her divorce from Bezos in 2019, Scott was able to take control of her assets on her own. She signed the Giving Pledge shortly after, committing to contribute most of her wealth during her lifetime or in her estate. She and her new husband, Seattle science instructor Dan Jewett, still had $58 billion to give away as of the last count.

10. Is Jeff Bezos a father?

Jeff Bezos of Amazon and novelist MacKenzie Scott, his ex-wife, have four children: three sons and one daughter. Their daughter was adopted from China by the couple. The children of the world’s wealthiest man desire to keep out of the spotlight, which is no easy achievement given their father’s celebrity.

Conclusion

MacKenzie Scott Tuttle was married to Amazon founder Jeff Bezos from 1993 to 2019. She surpassed Warren Buffett as the world’s wealthiest woman in 2019. Her divorce from Bezos netted her $35.6 billion in Amazon stock, but he kept 75% of the company.

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