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MacKenzie Bezos pledges more than half her wealth to charity

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MacKenzie Bezos to give half her fortune to charity

MacKenzie Bezos to give half her fortune to charity

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MacKenzie Bezos, who recently became the worlds fourth richest woman following her divorce from Jeff Bezos, founder and chief executive of Amazon, has promised to give away more than half her $36.6bn (28.4bn) fortune.

The 49 year-old novelist and founder of the anti-bullying group Bystander Revolution said on Tuesday that she had a disproportionate amount of money to share and promised to work hard at giving it away until the safe is empty.

She made the declaration in a letter to the Giving Pledge, the philanthropic initiative created by the investor Warren Buffett and Microsofts founder, Bill Gates, to encourage the worlds richest people to commit to giving away at least half their wealth to charity.

MacKenzie, who married Jeff Bezos in 1993, a year before he started Amazon from his garage in Seattle, in the US, said: There are lots of resources each of us can pull from our safes to share with others time, attention, knowledge, patience, creativity, talent, effort, humour, compassion.

In addition to whatever assets life has nurtured in me I have a disproportionate amount of money to share. My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I wont wait. And I will keep at it until the safe is empty.

BERLIN, GERMANY – APRIL 24: Jeff Bezos and his wife MacKenzie Bezos attend the Axel Springer Award 2018 on April 24, 2018 in Berlin, Germany. Under the motto An Evening for Jeff Bezos receives the Axel Springer Award 2018. (Photo by Franziska Krug/Getty Images)

MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and Im proud of her. Her letter is so beautiful. Go get em MacKenzie.

MacKenzie did not set out which causes she intended to donate to, but in the past she has supported marriage equality, action against homelessness, college scholarships for undocumented immigrants, as well as research on cancer and Alzheimers disease.

Jeff Bezos, the worlds richest person with a $114bn fortune, has not signed up to the Giving Pledge. He has given $2bn, amounting to less than 2% of his wealth, to the Bezos Day One Fund to help address homelessness and improve education for children in low-income families.

He congratulated his former wife in a tweet linking to her Giving Pledge letter. MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and Im proud of her, he said. Her letter is so beautiful. Go get em MacKenzie.

McKenzie Bezos became the worlds 22nd richest person, according to Bloomberg Billionaires Index, when she collected 25% of her former husbands shares in Amazon when their divorce was finalised in April. Jeff Bezos maintained full-ownership of The Washington Post and his space exploration company, Blue Origin.

She was one of 19 new Giving Pledge signatories announced on Tuesday. The others include the British hedge fund billionaire David Harding, Brian Acton, co-founder of WhatsApp, Paul Sciarra, co-founder of Pinterest, Brian Armstrong, chief executive of the cryptocurrency exchange Coinbase, and the US hedge fund billionaire Paul Tudor Jones.

It takes the total number of signatories to the pledge to 203 from 23 countries. Those already signed up include Facebooks Mark Zuckerberg and his wife, Priscilla Chan, the former Conservative party deputy chair Lord Ashcroft, easyJets Sir Stelios Haji-Ioannou, Bloombergs founder Michael Bloomberg, Teslas Elon Musk, and the financiers Bill Ackman, Carl Icahn and Ray Dalio.