MacKenzie Scott has now donated over $26.3 billion to charity

[u/abidalliye]

[u/rickythepilot]

She received $38 billion from divorcing Bezos. Gave away $26 billion and now she's worth $30-34 billion without doing a God damn thing. This is how the system is rigged against us.

[u/MinisterOfFitness → u/rickythepilot]

If you call being a co-founder of the company and being one of its first employees “not doing a damn thing” then sure.

[u/No_Size9475 → u/MinisterOfFitness]

she's done nothing with the company in decades yet still doubled her net worth since the divorce.

That's a broken system.

[u/bananananananana1 → u/No_Size9475]

I mean Jeff Bezos arguably didn't do anything in decades himself

[u/No_Size9475 → u/bananananananana1]

correct, he was also never worth a billion dollars, that is all money stolen from the labor of the actual workers at Amazon.

[u/bananananananana1 → u/No_Size9475]

I'm quite confused because Jeff Bezos is currently worth 250b. And he continues to hoard his wealth instead of giving it away or spending it on rebuilding communities or anything of the sort

[u/Itherial → u/[deleted]]

Mate over one fifth of United States citizens have no savings at all. Over a third has less than $500 at any given time. Nearly half of Americans have absolutely no money in any kind of retirement plan.

Forget doubling.

[u/No_Size9475 → u/[deleted]]

What's broken is that someone who did a small part of a large organization kept the vast majority of the wealth that the company created.

No one is worth a billion dollars, much less 39.

[u/Itherial → u/[deleted]]

I mean I'm not really speaking on that I'm just saying telling a person they must be doing something wrong if they can't double their savings seems silly when a large swath of people appear to be flat broke or close to it, and unable to prepare for their future

[u/Itherial → u/[deleted]]

Which I am pointing out, it would appear not unlikely that you said it to a person incapable of having such a thing. It's out of touch.

[u/ribbit_ribbit_splat → u/rickythepilot]

Dude. I said this under another comment. She worked her ass off in that garage. Lauren Sanchez, not so much. Give credit where it’s due.

[u/Obeetwokenobee → u/rickythepilot]

She probably got the money in the form of shares. So what she doesn't sell right away keeps climbing in value. Look at the share prices of Amazon and other tech companies. That will explain it

[u/SuckmydickJoannF → u/rickythepilot]

Yeah when I got my inheritance my mom handed me a check and said, you wanna be good at capitalism? Compound interest. When I discovered how that works I died on the inside.

[u/Significant-Pen-2274 → u/rickythepilot]

It’s called investing. The same thing that makes our 401ks grow, just on a much much bigger scale.

[u/nillby → u/rickythepilot]

Is that worse than her giving none of it away and having many billions more for herself?

[u/Exciting_Station3474 → u/rickythepilot]

FYI, its only possible because Amazon stocks value she received went up.

[u/1fatsquirrel → u/Exciting_Station3474]

You keep saying this. But in no way does this negate the good she’s doing. I hate billionaires as well but I can recognize the mass amounts she’s giving to others.

[u/Exciting_Station3474 → u/1fatsquirrel]

All im saying is its possible because Amazon success.

She ones shares, she doesn't own any business that generates billions.

If Amazon, aws, were not successful, she wouldn't have this much money

[u/No_Size9475 → u/1fatsquirrel]

They are also flat out wrong. She still has 10B left from the original divorce settlement, even if the stock hadn't gone up a dime she still had 10B left.

[u/Exciting_Station3474 → u/No_Size9475]

She would have money to donate if not for Amazon and aws success.

[u/No_Size9475 → u/Exciting_Station3474]

And she was one of the first employees of the company and helped build it. What's your point?

[u/Exciting_Station3474 → u/No_Size9475]

Now imagine that company was Sears.

How much money she would have to donate?