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VIRAL
Meet woman who donated over USD 2 billion, focusing on poverty alleviation, impact investing, and uplifting marginalized communities.
Billionaire philanthropist MacKenzie Scott has once again made headlines for her extraordinary charitable contributions. This year, she announced donations exceeding USD 2 billion to 199 organizations, many of which focus on alleviating poverty. These donations bring her total philanthropic efforts since 2019 to an astonishing USD 19.2 billion. Despite her generous giving, Scott still holds an estimated net worth of USD 31.6 billion, largely due to her 4% stake in Amazon, which she received as part of her divorce settlement with Amazon founder Jeff Bezos in 2019.
In a recent blog post, Scott shared that about 75% of her latest donations were directed toward non-profits dedicated to enhancing economic security for underprivileged communities. These organizations provide a wide range of services, including affordable housing, healthcare, financial counseling, child development, and post-secondary education. Other donations supported causes like human rights advocacy and natural resource conservation.
Scott has long been committed to using her wealth for social good. In 2019, she signed The Giving Pledge, promising to donate the majority of her fortune within her lifetime. Since then, she has consistently ranked among Forbes’ most generous billionaires, donating nearly one-third of her wealth. Her philanthropy emphasizes amplifying the voices and work of marginalized communities. She believes that those battling inequalities should be at the forefront of narratives about societal change, rather than privileged individuals like herself.
To further her impact, Scott is exploring “impact investing,” a strategy where she funds businesses and ventures addressing social challenges. This approach allows her to generate returns, which she then donates to non-profits. Her philosophy involves supporting mission-aligned ventures led by underrepresented groups, such as women and people of color, to create sustainable change.
Scott's approach aligns with other prominent philanthropists, such as the Bill and Melinda Gates Foundation and Lukas Walton, who use impact investments to address global challenges. Her commitment to transformative giving continues to inspire and redefine modern philanthropy.