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Philanthropist MacKenzie Scott announces Series C investment in ordinary human beings

MacKenzie Scott, whose estimated fortune stands someplace round $60 billion, introduced by way of a Medium post at this time that she can be parting with a $2.7 billion portion of that wealth and distributing it to 286 teams, all of that are painstakingly named and linked on the finish of her be aware.

This third and newest present brings Scott’s whole charitable contributions to society to round $8.5 billion in the previous 12 months alone — making her one of many planet’s most beneficiant billionaires. The quantity places her nicely forward of the lifetime items doled out by the likes of Fb’s Mark Zuckerberg ($2.7 billion), Michael Dell of his eponymous laptop company ($2.25 billion), Microsoft’s Steve Ballmer ($1.4 billion), or eBay’s Pierre Omidyar ($1.3 billion), according to Forbes.

Jeff Bezos, at the moment the world’s richest man, has hardly ever appeared on comparable lists of essentially the most charitable donors. He topped the list in 2020 by pledging $20 billion towards a local weather change-focused fund named after himself however has, based mostly on the most recent reports, distributed lower than 4 p.c of that quantity.

Scott was married to Bezos from 1993 to 2019. She left the connection with a significant portion of Amazon’s inventory.

Scott, who “probably set a report for the biggest annual distribution by a residing individual” final 12 months, according to Bloomberg, can be identified for her no-strings-attached strategy to donations. “We imagine that groups with expertise on the entrance traces of challenges will know finest tips on how to put the cash to good use,” Scott, and her husband Dan Jewett, a science trainer, wrote, “we inspired them to spend it nevertheless they select.”

Like another rich notables, Scott has signed onto the Giving Pledge, which — although not legally binding — is a public dedication for at the very least half of 1’s wealth to be distributed to charity, both throughout their lifetime or on the time of their dying. Although in Scott’s case, her extra urgent challenge could be determining tips on how to give her riches away quick sufficient (whereas being considerate and accountable to divest it). “It will be higher if disproportionate wealth weren’t concentrated in a small variety of arms,” Scott wrote in her Medium submit.

Whereas Scott continues to speculate in making the planet higher for people to reside on, an growing variety of her friends appears intent to escape the place altogether.

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