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MacKenzie Scott Cut Amazon Stock Worth $8.5 Billion Last Year

MacKenzie Scott in 2018
MacKenzie Scott in 2018Photographer: Jorg Carstensen/Getty Images

MacKenzie Scott’s stake in Amazon.com Inc shrunk by 2.5 million shares last year, according to a regulatory filing, as the world’s fifth-richest woman set records with the pace of her philanthropy.

Those shares would be worth as much as $8.5 billion based on the average of Amazon’s share price between the dates of the two disclosures. The stake would total $7.3 billion based on Amazon’s current $2,879.56 stock price.