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☆ MacKenzie Scott says she's given away almost $2 billion this year
▼ + stars: | 2022-11-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott has donated $2 billion to charities this year, per her most recent Medium post. With a net worth of $26 billion, she's become one of the world's most generous billionaires. The 52-year-old philanthropist and former wife of Jeff Bezos has a net worth of $28 billion, according to Forbes. The funds donated by Scott this year are in addition to the $12.5 billion she's given away since signing up to the Giving Pledge. On November 14, Scott wrote a blog post on Medium outlining her most recent donations.

☆ Jeff Bezos donates a total of $123 million to 40 groups fighting homelessness after vowing to give away majority of his wealth
▼ + stars: | 2022-11-24 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Jeff Bezos is giving away $123 million to an array of groups combatting homelessness in the US. MacKenzie Scott, his ex-wife, also supported housing groups by donating mansions worth $55 million. Inc.Other groups that were given grants included Homeless Alliance, Samish Indian Nation, and LA Family Housing, per the press release. "Honored to support these groups," Bezos wrote in the Instagram post. Like Bezos, Scott has also contributed to housing charities.

☆ A Beverly Hills mansion that MacKenzie Scott donated to a housing charity sold for $37 million, report says
▼ + stars: | 2022-11-20 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott gave two Beverly Hills mansions to a housing charity in September. The 12,000-square-foot home was one of two properties given to the California Community Foundation by Jeff Bezos's ex-wife in September. Bezos and Scott bought the home in 2007 for about $24.5 million. The Spanish-style home in Beverly Hills has sold for $37 million. California Community Foundation didn't immediately respond to a request for comment by Insider.

☆ Jeff Bezos says 'it's really hard' to give away money, while MacKenzie Scott announces $2 billion in donations
▼ + stars: | 2022-11-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Amazon founder Jeff Bezos told CNN on Monday that he plans to give away the majority of his $119.5 billion fortune in his lifetime, saying that "it's really hard" to give away large sums of money in effective ways. The same day, his ex-wife MacKenzie Scott published a Medium blog post, announcing that she'd given away nearly $2 billion over the last seven months. More than 230 others, including Scott, have signed the Giving Pledge, promising to do the same with their wealth. Notably, despite his claim earlier this week, Bezos hasn't signed the Giving Pledge. Scott made that commitment in 2019, signing the Giving Pledge the same year the couple divorced and she received roughly $36 billion in Amazon shares.

☆ Jeff Bezos plans to give away most of his fortune: Why 'it’s a big deal,' from a philanthropy expert
▼ + stars: | 2022-11-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos finally said he plans to give away the "majority" of his $122 billion fortune during his lifetime. Bezos had 'resisted developing a public philanthropic identity'Why is the 58-year-old Bezos just now committing to giving away the bulk of his fortune? For years, Soskis says, Bezos "resisted developing a public philanthropic identity," a position that the researcher believes had "become increasingly untenable" amid public criticism of Bezos' massive wealth. Gates and Buffett are the founders of the Giving Pledge. The analogy could be seen as an attempt to explain why Bezos has waited to announce his philanthropic plans, and why those plans still remain somewhat vague.

☆ MacKenzie Scott says she has given $2 billion to 343 organizations supporting underserved communities in the last 7 months, raising her total to at least $14.5 billion since she pledged to give away m
▼ + stars: | 2022-11-15 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

Billionaire philanthropist MacKenzie Scott gave nearly $2 billion to 343 organizations since 2019. In the last 7 months, Scott gave money to organizations supporting people from underserved communities. With this addition, she has now given away $14.5 billion of her fortune since signing the Giving Pledge. In a blog post on Monday, Scott said in the last seven months, she gave nearly $2 billion to 343 organizations supporting people from underserved communities. Since signing the pledge, Scott has become one of the leading philanthropists in the US.

☆ Jeff Bezos says he plans to give away most of his $124 billion fortune
▼ + stars: | 2022-11-14 | by ( Rohan Goswami | Rohan Goswami Is A News Associate At Cnbc. | ) www.nbcnews.com time to read: +1 min

Billionaire Amazon founder Jeff Bezos recently said he plans to give away the “majority” of his fortune. Bezos’ comments were made in an interview with CNN on Saturday, when he said he plans to use his wealth to fight climate change and to support societal “unifiers.” Bezos is worth about $124 billion, according to the Bloomberg Billionaires Index. “The hard part is figuring out how to do it in a levered way,” Bezos told CNN. The Giving Pledge was started by Bill Gates and Warren Buffett. Bezos committed $10 billion dollars to the Bezos Earth Fund in 2020, and by October 2021 had given away $947 million through the same.

☆ Jeff Bezos for the first time says he will give most of his money to charity
▼ + stars: | 2022-11-14 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. “I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN. Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. The economic downturnWhile Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn. CNN recently reported that Bezos and Jay-Z are in talks on a potential joint bid on the Washington Commanders.

☆ Jeff Bezos' girlfriend, Lauren Sánchez, says she plans to go to space next year
▼ + stars: | 2022-11-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Jeff Bezos went to space last year, and his girlfriend is going next. Lauren Sánchez told CNN she plans to go to space in 2023 with "a great group of females." Lauren Sánchez told CNN in an interview published Monday that she plans to go to space sometime in 2023. Sánchez told CNN that the former Amazon CEO won't be on the spaceflight with her, but she'll be joined by "a great group of females." Bezos went to space in July 2021, on the first human spaceflight for Blue Origin, his aerospace company.

☆ Mackenzie Scott announces another $2 billion in donations
▼ + stars: | 2022-11-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN Business —Billionaire philanthropist Mackenzie Scott has donated almost $2 billion to more than 300 organizations in the last 7 months, she said in a Medium post Monday. Since her divorce from Bezos, Forbes estimates Scott has now given away $14.4 billion to more than 1,500 organizations. And though Bezos did not specify his donations, he said would devote most of his wealth toward combating climate change and unifying humanity. Last month, Girl Scouts of the USA said it received its largest ever single individual donation from Scott, totaling $84.5 million. Scott noted many of the 343 organizations she donated to are funds, meaning they “pool donations and spread them across a diverse group of smaller organizations working toward a common cause.”

☆ Crypto tycoon Sam Bankman-Fried lost 94% of his fortune overnight, marking the biggest one-day wealth collapse among billionaires on record
▼ + stars: | 2022-11-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

FTX CEO Sam Bankman-Fried lost 94% of his net worth on Tuesday, Bloomberg reported. That marks the biggest single-day drop in a billionaire's fortune compared to their total net worth. With Binance's acquisition of FTX, Bloomberg's wealth index now values both FTX and Alameda at $1 each, wiping out the perceived worth of Bankman-Fried's biggest holdings. Meta founder Mark Zuckerberg lost $29 billion on February 3, but his net worth was still estimated at $84.3 billion that day. Bankman-Fried's losses come in the wake of a devastating $600 billion crypto crash this year.

☆ Leonid Radvinsky bought OnlyFans after building an empire of porn sites. Now he wants to join the ranks of the super-rich and give away his fortune.
▼ + stars: | 2022-10-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Leonid Radvinsky bought OnlyFans, an adult content platform, in 2018 for an undisclosed sum. The subscription-based adult content platform was founded in the UK by Tim Stokely in 2016 before Radvinsky took control. OnlyFans is not his first foray into the world of adult content. It ran a number of websites in the early 2000s that marketed "hacked" and "illegal" passwords to porn sites, Forbes reported last year. Radvinsky's next venture came in 2002 when he set up MyFreeCams, a porn site that featured "models" who got naked and offered sexual performances on webcams.

☆ The Elon Musk-Twitter saga could finally be coming to end
▼ + stars: | 2022-10-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Elon Musk’s Twitter account is displayed on the screen of an iPhone on April 26, 2022 in Paris, France. The end of the line for Elon and TwitterWhat a long strange trip it's been. That might be the best way to sum up the Elon Musk-Twitter saga that has played out over the past six-plus months. It finally appears an end is in sight*, or at least the closing of a transaction. The main issue remains how Musk will come up with the $44 billion needed to actually buy Twitter.

☆ Only 5 billionaires including the founders of Zynga, FTX and 23andme have signed up to The Giving Pledge this year
▼ + stars: | 2022-10-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Only five have signed up for The Giving Pledge in 2022, down from 14 last year. The Giving Pledge was founded by Bill Gates, Melinda French Gates and Warren Buffett in 2010 when dozens of America's wealthiest people pledged to donate the bulk of their fortune to help solve problems in society. Jeff Bezos, ranked by Forbes as the world's second-richest person worth $171 billion, is noticeably missing from The Giving Pledge. She said in her pledge letter that giving money away has "richly rewarded" her. The Giving Pledge did not respond to Insider's request for comment.

☆ MacKenzie Scott donates $84.5 million to the Girl Scouts, which is the largest donation to the organization from a single person
▼ + stars: | 2022-10-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Billionaire philanthropist Mackenzie Scott is donating $84.5 million to the Girl Scouts. The donation was awarded to the US Girl Scouts and 29 local councils that Scott selected. The donation is the largest awarded to the organization from a single individual. The donation was awarded to the US Girl Scouts and 29 local councils that Scott selected. Girl Scouts CEO, Sofia Chang, said: "We are so appreciative of MacKenzie Scott's gift to Girl Scouts.

☆ MacKenzie Scott's latest $84.5 million donation could transform Girl Scouts as you know them
▼ + stars: | 2022-10-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

On Tuesday, the Girl Scouts of the USA announced a $84.5 million gift from the billionaire, the biggest donation from a single benefactor in the organization's history. The funds will also "future-proof its facilities," making the Girl Scouts' buildings more climate resilient and accessible to visitors, the announcement said. Girl Scouts of the USA didn't immediately respond to CNBC Make It's request for clarification. The donation will be divided between Girl Scouts of the USA and 29 local councils selected by Scott herself, the organization said. Philanthropic contributions are increasingly important, as many people incorrectly assume the Girl Scouts raise enough money to fund itself from cookie sales alone, Garcia-Hernandez said.

☆ MacKenzie Scott donates record-breaking $84.5 million to Girl Scouts
▼ + stars: | 2022-10-18 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +3 min

Billionaire philanthropist MacKenzie Scott has donated $84.5 million to the Girl Scouts, the organization said Tuesday. The gift from Scott, 52, who was previously married to Amazon founder Jeff Bezos, marks the largest-ever single donation in the organization's history, the group said. Scott's gift will go to Girl Scouts of the USA and 29 local councils that Scott selected, according to a news release from the organization. The organization claims its famous annual cookie sale is “the largest girl-led business in the world,” with Girl Scouts selling nearly $800 million worth of cookies each season. Scott filed for divorce last month from her second husband, former teacher Daniel Jewett, whom she married in 2021.

☆ Billionaire MacKenzie Scott to Donate Nearly $85 Million to Girl Scouts of the USA
▼ + stars: | 2022-10-18 | by ( Talal Ansari | ) www.wsj.com time to read: 1 min

The headquarters of Girl Scouts of New Mexico Trails in Albuquerque, N.M.MacKenzie Scott , one of the richest people in the world, will donate nearly $85 million to the Girl Scouts of the USA in her latest philanthropic move. The donation was given to the organization and 29 local councils selected by Ms. Scott, the Girl Scouts said on Tuesday.

☆ What to expect from Netflix's new subscription with ads
▼ + stars: | 2022-10-14 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

After months of talking about it, Netflix has finally released more details about its newest subscription tier, "Basic with Ads." I've got the deets you'll want to know about Netflix's new plan, so let's get into it. At $6.99 per month, the subscription is $3 less than Netflix's basic ad-free plan — but it will also come with more restrictions. Here's what we know about the plan, "Basic with Ads," available starting next month:If you subscribe to the ad plan, Netflix says you can expect four to five minutes of ads per hour. Basic with Ads will become available in Canada on November 1, and in the US and UK on November 3.

☆ MacKenzie Scott donates $15 million to a social enterprise that provides affordable eyeglasses to millions of people
▼ + stars: | 2022-10-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Philanthropist MacKenzie Scott has given $15M to a social enterprise that provides cheap eyeglasses. VisionSpring said it'll help generate $1 billion in income for agricultural and artisan workers. Scott has pledged to give away most of her fortune as part of the Giving Pledge she signed in 2019. Scott recently gave two Beverly Hills mansions worth about $55 million to the California Community Foundation. It is the second time Scott has assisted the charity following her $20 million donation last year to establish the LA Arts Endowment Fund.

☆ MacKenzie Scott files for divorce from second husband
▼ + stars: | 2022-09-28 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +1 min

New York CNNBusiness —Billionaire philanthropist MacKenzie Scott has filed for divorce from her second husband after less than two years of marriage. Scott, one of the world’s richest people, married Seattle-based science teacher Dan Jewett last year after divorcing Amazon founder Jeff Bezos in 2019. Scott filed a petition for divorce in the King County Superior Court in Washington State on Monday, according to the Court clerk’s office. The news was first reported by The New York Times on Wednesday. Scott has given away billions of dollars as part of a plan to donate a majority of her fortune.

☆ Billionaire philanthropist MacKenzie Scott is reportedly getting divorced from her second husband
▼ + stars: | 2022-09-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

MacKenzie Scott filed for divorce from her second husband, Dan Jewett, The New York Times reports. Scott, who's worth $27.8 billion, married Jewett in 2021 after divorcing Amazon founder Jeff Bezos. Now, Scott's Giving Pledge page contains a new headshot of her and no mention of Jewett. Recent recipients of grants from Scott have thanked only her, while in the past they thanked both her and Jewett, The Times reports. She recently donated two Beverly Hills mansions worth roughly $55 million to the California Community Foundation, a Los Angeles-area charity — in a statement about the gift, the foundation's CEO thanked Scott alone.

☆ Why Patagonia's billionaire founder gave away his $3 billion company to fight climate change: 'Earth is now our only shareholder'
▼ + stars: | 2022-09-15 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The founder of outdoor apparel maker Patagonia is donating his company to a greater cause: fighting climate change. Yvon Chouinard, the rock climber-turned-billionaire, and his family have transferred their ownership of Patagonia to the newly created Patagonia Purpose Trust and nonprofit Holdfast Collective. The company, which Chouinard founded in 1973, is worth $3 billion, according to the New York Times. "The Patagonia Purpose Trust ... exists to create a more permanent legal structure to enshrine Patagonia's purpose and values," the announcement reads. "Despite its immensity, the Earth's resources are not infinite, and it's clear we've exceeded its limits," Chouinard wrote on Wednesday.

☆ MacKenzie Scott, Jeff Bezos' ex-wife, gives 2 Beverly Hills mansions worth $55 million to a housing charity
▼ + stars: | 2022-09-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

MacKenzie Scott, the former wife of Jeff Bezos, gave two Beverly Hills mansions to a housing charity. She donated the properties, worth $55 million, to the California Community Foundation. The properties are located on N. Alpine Drive near Coldwater Canyon Park in Beverly Hills. The California Community Foundation said the donation by the 52-year-old billionaire and philanthropist would allow it to create more affordable housing in Los Angeles. Bezos and Scott's Spanish-style home in Beverly Hills.

☆ The luxury boats owned by some of the wealthiest people in tech, from a yacht so big it has its own support boat to superyachts with swimming pools and basketball courts
▼ + stars: | 2021-08-10 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Many billionaires like Jeff Bezos and Richard Branson enjoy spending their time on luxurious yachts. Here are some of the billionaires in tech who own private yachts. Beyond the private planes occupying the hangars of billionaires, yachts have come to symbolize the highly private sites of leisure and networking reserved for the ultra-wealthy. Chartering yachts owned by billionaires like Alphabet cofounder Sergey Brin has previously cost customers anywhere from $773,000 a week to $1.2 million. Take a look at some of the yachts that have been owned by tech billionaires.

Persons: Jeff Bezos, Richard Branson, Jane, fiancée Lauren Sanchez, Bezos, MacKenzie Scott, Larry Ellison, Sergey Brin, Larry Page, Paul Organizations: Morning, Amazon, Tech, Google, Microsoft, Bloomberg

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