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MacKenzie Bezos pledges to give half of $36bn fortune to charity MacKenzie Bezos pledges more than half her wealth to charity
(32 minutes later)
MacKenzie Bezos, the former wife of the Amazon chief executive Jeff Bezos, pledged on Tuesday to give half of her $36bn fortune to charity, following a movement founded by billionaires Warren Buffett and Bill and Melinda Gates. MacKenzie Bezos, who recently became the world’s fourth richest woman following her divorce from Jeff Bezos, founder and chief executive of Amazon, has promised to give away more than half her $36.6bn (£28.4bn) fortune.
Amazon workers demand Bezos act on climate crisis The 49 year-old novelist and founder of the anti-bullying group Bystander Revolution said on Tuesday that she had “a disproportionate amount of money to share” and promised to work hard at giving it away “until the safe is empty”.
Bezos, whose former husband is the world’s richest man, was one of 19 people on Tuesday to join the Giving Pledge, a campaign announced in 2010 by the investment firm Berkshire Hathaway’s Buffett and Microsoft co-founder Bill Gates. It calls for the super-rich to give away more than half their fortunes during their lifetimes or in their wills. She made the declaration in a letter to the Giving Pledge, the philanthropic initiative created by the investor Warren Buffett and Microsoft’s founder, Bill Gates, to encourage the world’s richest people to commit to giving away at least half their wealth to charity.
“In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share,” MacKenzie Bezos said in a statement dated Saturday. “My approach to philanthropy will continue to be thoughtful. It will take time and effort and care.” MacKenzie, who married Jeff Bezos in 1993, a year before he started Amazon from his garage in Seattle, in the US, said: “There are lots of resources each of us can pull from our safes to share with others – time, attention, knowledge, patience, creativity, talent, effort, humour, compassion.
MacKenzie Bezos became the world’s third-richest woman, according to Forbes, acquiring a 4% stake in Amazon worth about $36bn when she and Jeff Bezos announced their divorce settlement on 4 April. “In addition to whatever assets life has nurtured in me I have a disproportionate amount of money to share. My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won’t wait. And I will keep at it until the safe is empty.”
Jeff Bezos, whose net worth was estimated by Forbes at $131bn this year, was quick to support his ex-wife’s new philanthropic endeavor. 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
“MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her,” he said on Twitter. “Her letter is so beautiful. Go get ’em MacKenzie.” MacKenzie did not set out which causes she intended to donate to, but in the past she has supported marriage equality, action against homelessness, college scholarships for undocumented immigrants, as well as research on cancer and Alzheimer’s disease.
Jeff Bezos, who tops the Forbes list of world billionaires, is not among the 204 wealthy Giving Pledge signatories from 23 countries who come from a wide range of fields, including finance, technology, healthcare and real estate development. Jeff Bezos, the world’s richest person with a $114bn fortune, has not signed up to the Giving Pledge. He has given $2bn, amounting to less than 2% of his wealth, to the Bezos Day One Fund to help address homelessness and improve education for children in low-income families.
Other Forbes top 10 billionaires who have not joined the Giving Pledge are Bernard Arnault, head of French luxury goods conglomerate LVMH; Mexican telecommunications magnate Carlos Slim; European fashion retail mogul Amancio Ortega and Google co-founder Larry Page. He congratulated his former wife in a tweet linking to her Giving Pledge letter. “MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her,” he said. “Her letter is so beautiful. Go get ‘em MacKenzie.”
The pledge that signatories make is “a moral commitment to give, not a legal contract”, the campaign said on its website. McKenzie Bezos became the world’s 22nd richest person, according to Bloomberg Billionaires Index, when she collected 25% of her former husband’s shares in Amazon when their divorce was finalised in April. Jeff Bezos maintained full-ownership of The Washington Post and his space exploration company, Blue Origin.
US news She was one of 19 new Giving Pledge signatories announced on Tuesday. The others include the British hedge fund billionaire David Harding, Brian Acton, co-founder of WhatsApp, Paul Sciarra, co-founder of Pinterest, Brian Armstrong, chief executive of the cryptocurrency exchange Coinbase, and the US hedge fund billionaire Paul Tudor Jones.
It takes the total number of signatories to the pledge to 203 from 23 countries. Those already signed up include Facebook’s Mark Zuckerberg and his wife, Priscilla Chan, the former Conservative party deputy chair Lord Ashcroft, easyJet’s Sir Stelios Haji-Ioannou, Bloombergs founder Michael Bloomberg, Tesla’s Elon Musk, and the financiers Bill Ackman, Carl Icahn and Ray Dalio.
Philanthropy
Jeff BezosJeff Bezos
Amazon Rich lists
Charities
Bill Gates
Mark Zuckerberg
Warren Buffett
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