MacKenzie Scott Tuttle was born in San Francisco, California in April 1970. She was born and raised in Marin County, which is just across the Golden Gate Bridge.
Her family also resided in San Francisco’s Pacific Heights neighborhood. Her father, Jason Baker Tuttle, was the owner of a financial investment firm.
MacKenzie attended high school at the Hotchkiss School in Lakeville, Connecticut. When her father was being probed by the Securities and Exchange Commission during her junior year, her parents filed for bankruptcy.
Her parents moved to Florida, where her father attempted but failed to establish a new financial career. Her father’s plans to launch a new firm were eventually thwarted.
The Florida court based its ruling on the family’s previous lavish spending.
After high school, MacKenzie enrolled at Princeton University to study English. In 1992, she earned her graduation. Toni Morrison, a renowned novelist, taught her at a creative writing group at Princeton. MacKenzie would later be described by Morrison as “one of the best kids I’ve ever had.”
In April 1970, MacKenzie Scott Tuttle was born in San Francisco, California. She grew up in Marin County, just across the Golden Gate Bridge from San Francisco.
Her family also had a home in the Pacific Heights section of San Francisco. Jason Baker Tuttle, her father, was the CEO of a financial investment firm.
MacKenzie attended the Hotchkiss School in Lakeville, Connecticut for high school. Her parents filed for bankruptcy during her junior year when her father was investigated by the Securities and Exchange Commission.
Her parents relocated to Florida, where her father tried unsuccessfully to launch a new financial profession. Her father was eventually denied permission to start a new financial enterprise. In his decision, the Florida judge cited the family’s previous excessive expenditures.
MacKenzie studied English at Princeton University after graduating from high school. She earned her bachelor’s degree in 1992. She took a creative writing program at Princeton and studied under renowned novelist Toni Morrison. “One of the best kids I’ve ever had,” Morrison subsequently said of MacKenzie.
Mackenzie Scott Net Worth 2022
MacKenzie Bezos, a novelist, philanthropist, activist, and former Amazon CEO has changed her name to MacKenzie Scott, better known as MacKenzie Bezos.
MacKenzie Scott’s net worth is estimated to be $57 billion as of this writing, according to Forbes. Despite her immense riches, she donated $6 billion to charity alone in 2020.
She aims to give away the vast majority of her fortune during her lifetime. This article will go into her philanthropic activities in further depth.
Mackenzie Scott: Career Life Details
Scott won an American Book Award in 2006 for her debut novel, The Testing of Luther Albright. She claimed it took her ten years to write since she was working on Amazon, raising three children, and working.
Toni Morrison, her former instructor, praised her former student’s work as “a rarity: a beautiful novel that breaks and fills the heart.” Her second novel, Traps, was published in 2013.
Jeff became fascinated by the newly formed “world wide web” around the time of their marriage. According to legend, Jeff saw that an online “e-commerce” business could be successful, and he chose an online bookstore since books don’t go bad and don’t need to be tried on or even handled before purchase.
MacKenzie was instrumental in inspiring Jeff to achieve his goals. In 1994, they agreed to leave their comfortable professions and lives in New York City and go to Seattle, where he could follow his internet fantasies.
Jeff sat in the passenger seat, spitballing ideas and composing his e-commerce business plan on a laptop as MacKenzie drove the Volvo across the United States.
Jeff and MacKenzie came up with a list of dozens of potential internet items. Jeff eventually landed on books.
Cadabra was the name he gave the company at first. Later on, he decided on the name Amazon, which is a tribute to the Amazon River in South America.
On July 5, 1994, Amazon was formed in their Seattle garage. Jeff got his business off the ground with a $300,000 angel investment from his parents. MacKenzie worked as a bookkeeper and secretary at Amazon.
She also took night classes in fiction writing at the University of Washington during this time. After a decade, MacKenzie finally published her own fictional novel, “The Testing of Luther Albright.” According to reports, fewer than 2,000 copies of the book were sold. In 2013, she published her second novel, “Traps.”
Amazon went public on May 15, 1997. After accounting for stock splits, Amazon’s first day of trading finished at $2 a share. A single share of Amazon is now worth more than $3,000 on the open market.
By the way, if you had invested $10,000 in Amazon at the time of its IPO, you would now have nearly $15 million.
Jeff controlled 20% of Amazon at the time of its IPO. He sold off pieces of equity to create liquidity throughout the years. Jeff’s stock transactions have generated $70 billion in cash as of this writing. He owned 16.5% of Amazon prior to their divorce settlement.
Jeff became a billionaire for the first time in June of 1998. He was valued at $10 billion at the height of the dotcom boom. His net worth plummeted to $2 billion after the boom burst.
For the first time in June 2015, his net worth exceeded $50 billion. For the first time in January 2018, it surpassed $100 billion. It surpassed $150 billion in July of 2018. His net worth has ranged between $150 and $200 billion in recent years.
Amazon shares temporarily broke $3,300 on July 13, 2020. MacKenzie’s net worth would make her the richest woman on the planet at any price above $3,255. So, on July 13, 2020, MacKenzie Bezos became the world’s wealthiest woman for the first time.
Mackenzie Scott’s Personal Life
From 1993 to 2019, Scott was married to Jeff Bezos, the Amazon, and Blue Origin founder. She met him in 1992 while working as an assistant for DE Shaw.
After courting for three months in New York, they married in 1994 and relocated to Seattle, Washington. The couple has three sons and a daughter. One of the girls was adopted when she was born in China.
In their 2019 community property divorce, Scott received $35.6 billion in Amazon stock, while her ex-husband kept 75 percent of the couple’s Amazon stock.
In April 2019, she became the world’s third-richest woman and one of the world’s wealthiest people.
Forbes ranked Scott as the world’s 22nd richest person in July 2020, with a net worth of $36 billion. Scott is expected to have a net worth of $62 billion by the end of December 2020, making her the richest woman on the planet as of September 2020.
Following her divorce from Jeff Bezos, Mackenzie Bezos changed her name to Mackenzie Scott and took her middle name as her last name.
Dan Jewett, a chemistry teacher at a high school, is her husband. In a Giving Pledge letter dated March 6, 2021, Jewett revealed the marriage.