Mackenzie Scott Net Worth: How Much She Received from Final Settlement?

By Jivika Last updated Oct 21, 2022

On April 7, 1970, MacKenzie Scott (née Tuttle, formerly Bezos) was born. American novelist is also a philanthropist. She had a net worth of US$33.4 billion as of September 2022 thanks to a 4% share in Amazon, which her ex-husband Jeff Bezos created. Scott is the 21st wealthiest person in the world and the third wealthiest woman in the US as a result. Scott was listed among Time’s 100 Most Influential People of 2020 as well as Forbes’ list of the most powerful women in the world in 2021.

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Early Life

In April 1970, MacKenzie Scott Tuttle was born in San Francisco, California. She was raised in Marin County, which is across the Golden Gate Bridge. Her family also owned a residence in the Pacific Heights district of San Francisco. Jason Baker Tuttle, her father, was the CEO of an investing firm.

MacKenzie attended the Hotchkiss School in Lakeville, Connecticut, for her high school education. Her parents declared bankruptcy during her junior year when her father was the focus of a Securities and Exchange Commission investigation. MacKenzie was “one of the best kids I’ve ever had,” according to novelist Toni Morrison.

What is MacKenzie Scott’s Net Worth?

American novelist, philanthropist, and activist MacKenzie Scott, formerly MacKenzie Bezos, is from the United States. MacKenzie Scott’s net worth is $32 billion as of this writing. Her wealth would be substantially larger if it weren’t for the $6 billion she gave away to charity in just 2020. She has already given more than $12 billion to hundreds of charities throughout the world, and she intends to contribute the great rest of her money during her lifetime. More details about her philanthropy are provided below.

MacKenzie Bezos became the richest woman in the world on July 13, 2020, as her company Amazon broke the $3,300 per share barrier.

Meeting Jeff Bezos

MacKenzie relocated to New York following his graduation from Princeton with the goal of becoming a novelist. She obtained employment as an administrative assistant at the hedge fund D.E. Shaw to help support her way of life till that dream came true. Fellow Princeton alumnus and business senior vice president Jeff Bezos was one of the persons she helped in this role. A wall connected their workplaces.

She finally advanced to a position directly under Bezos as a research associate.

After meeting in 1992, Jeff and MacKenzie dated for about three months before getting engaged. In 1993, they got hitched. He was 29 while she was 23.

Becoming Billionaires

Amazon held an initial public offering on May 15, 1997. After accounting for stock splits, Amazon’s share price completed its first day of trade at $2. A single Amazon share is now worth more than $3,000.

Just so you know, if you had put $10,000 into Amazon during the IPO, you would now have nearly $15 million.

Jeff Bezos became the first billionaire in June 1998. He had a $10 billion net worth at the height of the dot-com bubble. As of the time of this writing, Jeff’s share sales have brought in $70 billion in cash. His net worth has shifted between $150 billion and $200 billion in recent years.

MacKenzie Bezos Divorce Settlement

After 25 years of marriage, Jeff and MacKenzie Bezos announced their divorce on January 9, 2019. They got married in 1993, as we just mentioned, one year PRIOR to Jeff founding the business that would eventually make him the world’s richest person.

When they announced their divorce, Jeff’s net worth was $136 billion. By all accounts, since Jeff’s assets were all obtained during their marriage, MacKenzie might have been entitled to half of them. If such were the case, MacKenzie might have received shares and other assets worth up to $70 billion.

How Much She Received from Final Settlement?

On April 4, 2019, MacKenzie tweeted that she and Jeff had reached an agreement over their divorce and that she had received just under 20 million Amazon shares or around 4% of the total number of outstanding shares of the company. These shares were traded for $35.6 billion at the time. Jeff retained around 60 million shares or 75% of their prior ownership. MacKenzie’s agreement to let Jeff have all voting rights over her shares was a big compromise. She effectively receives all the value without any voting rights.

Richest Woman In The World

The fifth-richest woman in the world as of 2020 was MacKenzie. As of January 1, 2020, the following ladies top the list of wealthiest people on earth:

#1: Francoise Bettencourt-Meyers ($62 billion; heiress to L’Oreal).
#2: Julia Flesher Koch, worth $60 billion (David Koch’s widow and owner of Koch Oil).
#3: Sam Walton’s daughter, Alice Walton, has a net worth of $53 billion.
#4 is Jacqueline Mars, with $42 billion (Mars candy)
#5: MacKenzie Bezos, with $37 billion
For Jeff and MacKenzie Bezos, 2020 ended up being a really fortunate year.

The net worths of Jeff and MacKenzie Bezos surged as the price of Amazon’s stock rose from $1,900 on January 1 to almost $3,000 six months later. On that day, these were the richest women in the world:. Here is how that exact same list fared after the market closed on August 26, 2020.

Second Marriage

In March 2021, MacKenzie announced her recent marriage to Dan Jewett, a science teacher at a high school. Dan is a teacher at the prestigious Lakeside School, where Paul Allen and Bill Gates were both students.

In a statement on her Giving Pledge page, she announced the news and mentioned that her new spouse had agreed to her commitment. Dan is such a fantastic guy, and I am delighted and excited for both of them, Jeff Bezos thanked the couple in a statement issued by an Amazon official.

Real Estate

A residence in Beverly Hills, California, cost $24 million to buy in 2007 for Jeff and MacKenzie. They invested a total of $37 million in the two properties in 2017, each paying $13 million for the one just next door. This home was given to MacKenzie as part of their divorce agreement. MacKenzie gave the house to the charity, the California Community Foundation, it was revealed in August 2022. The foundation estimates that the home was worth $55 million at the time of the donation. 2021 saw MacKenzie give the group $20 million.

3.2-acre waterfront property in Medina, Washington, was purchased by MacKenzie in 2019 for $37.5 million.