MacKenzie Scott’s generosity exceeds fellow billionaires

Data: Forbes, research Axios.  Graphic: Will Chase/Axios
Data: Forbes, Search Axios. Graphic: Will Chase/Axios

It goes without saying that none of us will be blessed with the amazing wealth of MacKenzie Scott. But we are all lucky enough to imitate his astonishing generosity.

Why is this important: Scott – who left his marriage to Jeff Bezos with Amazon shares worth tens of billions – has given away $12 billion in just three years and plans to keep giving until it’s mostly run out .

  • She is rapidly overtaking her fellow billionaires.

His actions offer 3 key lessons for all of us:

  1. Be surprisingly generous: After her divorce from Bezos in 2019 left her with around 4% of Amazon, Scott has publicly pledged to donate most of his fortune. We all have the opportunity to give our time and our money with the same abandon.
  2. Put your money — and your time — where your heart is: Scott – who is in the minority as a female billionaire – directs her wealth to specific causes close to her heart, such as providing health care and education for women and girls. About 60% of the organizations to which she has given most recently are led by women.
  3. Do good without fanfare: Scott gives money without pomp or condition. There is nothing better than a great deed done quietly. It can be as small as a kind compliment or an anonymous gift.
  • Consider this: The YWCA of Chicago, which operates a rape hotline and helps women find jobs, was struggling when, on a Monday night, someone from Scott’s camp called and said she would offer $9 million to the organization. That was it, Nicholas Kulish of the New York Times writing.

Oh, and you don’t have to be super rich to be super generous.

  • As we told you on Finish Line, America has been the most generous country in the world for the past decade. It crosses class, race, gender and age.
  • And you didn’t just give money. 72% of you have helped strangers and 42% of you have volunteered your time.

The bottom line, in Scott’s words: “Helping one of us can help us all.”

🏁 Editor’s note: This article appeared in Axios Finish Line, a new newsletter in the Axios Daily Essentials package. Register for free here.

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