MacKenzie Scott Donates $436 Million Bezos Hoards Wealth While

File photo of MacKenzie Scott at the 2018 Vanity Fair Oscar Party on March 4, 2018 in Beverly Hills, California.

File photograph of MacKenzie Scott on the 2018 Self-importance Truthful Oscar Celebration on March 4, 2018 in Beverly Hills, California.
Picture, Dia Dipasupil ,AP,

Writer and philanthropist MacKenzie Scott has donated $436 million to Habitat For Humanity, in keeping with an announcement from the housing charity, In the meantime, Scott’s ex-husband, Jeff Bezos, is constant his mid-life disaster, wealth hoarding, and union busting, And his dick rockets, Do not forget the carbon-spewing dick rockets,

Bezos, price about $187 billion, has been closely criticized for his lackluster charitable giving, even though he is the second wealthiest particular person on the planet. Against this, Scott has given away much more cash relative to her web price since her divorce from Bezos in 2019. And it does not appear to be she’ll be stopping anytime quickly.

Scott, who’s price roughly $54 billion, has donated about $9 billion to lots of of organizations since her divorce, in keeping with a tally by Bloomberg Information in late 2021, And that does not even embrace cash she’s given away secretly. Charities have included schooling non-profits, LGBTQ+ rights teams, public well being organizations, and numerous others.

In late 2020, Scott gave away $4.2 billion to assist folks struggling through the covid-19 pandemic, together with to meals banks, debt aid charitiesand civil rights teams. And Habitat for Humanity, similar to all the opposite organizations Scott has donated cash towards, are tremendously grateful.

“This extremely beneficiant present will enable us to dramatically improve capability and implement applications that may have a multi-generational impression on communities across the US and our world mission for a few years to come back,” Jonathan Rickford, CEO of Habitat for Humanity Worldwide, stated in a assertion,

“With this donation, Habitat is well-positioned to meaningfully advocate for the systemic and societal modifications wanted to enhance equitable entry to inexpensive housing,” Rickford continued.

How did Bezos get a fame as a penny pinching wealth hoarder? As only one instance, Bezos donated simply $500,000 on the Baby2Baby charity gala late final 12 months, which reportedly drew groans from the group when it was introduced, in keeping with Self-importance Truthful, Baby2Baby is an annual occasion that raises cash for kids in poverty. And $500,000 is mainly nothing to a person price lots of of billions.

Bezos gave $10 billion to his personal group in 2020, which was marketed as the most important charitable present of the 12 months, however you need to at all times be skeptical when the rich give to their very own organizations quite than an outdoor group. It is usually only a tax dodge and the cash usually sits unspent, generally for many years.

For those who dig deeper on Bezos’s $10 billion “donation” to his personal charity, you may discover simply $790 million was really distributed to actual local weather change charities instantly afterward, in keeping with Fortune journal. And it seems that $10 billion will not be distributed totally till 2030. One other $443 million of his $10 billion pledge was distributed in December of 2021, originated new headlines as if it was a model new donation. But it surely all got here from the identical pot of cash he dedicated to in 2020. Fairly a PR stunt, should you ask us.

What’s $10 billion over 10 years when you’ve got $187 billion? Pocket change. MacKenzie Scott is placing her ex-husband to disgrace within the philanthropy division. And Habitat For Humanity is grateful for the donation.

“This present provides us the chance to extend and enhance fairness in our work, insurance policies, practices and applications all through our group, our affiliated community, however particularly within the communities with which we associate,” Natosha Reid Rice, Habitat’s chief world range, fairness and inclusion officer, stated in a press release about Scott’s beneficiant donation.

“We look ahead to bringing various teams of individuals collectively to deal with the methods we will deal with systemic racism and injustices within the housing sector that proceed to restrict entry and hurt folks of coloration.”

You understand what helps redistribute cash when billionaires aren’t fairly as giving as MacKenzie Scott? Wealth taxes. However good luck getting that handed in an setting the place Republicans contemplate Joe Biden a full-blown Communist.

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