MacKenzie Scott has trimmed her fortune by selling a big chunk of Amazon shares, dropping her stake by about 42 %. The move left her holding just under 2 % of the e‑commerce giant’s stock, a round‑about 100‑million shares worth roughly $9.5 billion at the time of the sale.
Scott, the former wife of Amazon founder Jeff Bezos, has become one of the world’s most generous philanthropists, giving away more than $13 billion to charities since 2015. The sale of Amazon stock is part of her plan to diversify her holdings and complete what she terms a “rebalance” of her portfolio.
Bloomberg News reported that the shares were sold in a series of trades on Tuesday, with the transaction completed over the past week. The average price paid for each share was close to $94, near the end‑of‑year highs.
Despite the large sale, Amazon’s stock price didn’t swing wildly. Shares closed just a touch higher at $112.25, a slight gain after a day of mixed market activity. Analysts say the occasional sell‑off from high‑profile holders like Scott usually has a muted impact, especially when it comes from a shareholder who already owns a net long position.
Market watchers note that Scott’s reduction could indicate a strategic focus on liquidating some assets to fund her charitable work, or simply adjusting to her personal financial goals. There is no indication that the sale will affect Amazon’s long‑term outlook; the company remains a dominant player in e‑commerce, cloud computing, and digital media.
The move underscores how rich individuals are reshaping their investment strategies in a post‑pandemic world. As economist observers point out, the sheer size of singled‑out sales like Scott’s can create ripples in the market, but they rarely deter a company’s core fundamentals.
In short, MacKenzie Scott’s 42 % cut of Amazon shares is a significant private equity event, reinforcing her status as a major shareholder and a major philanthropist. It also highlights the continuing volatility and still‑surging demand for Amazon stock in a rapidly changing economy.
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