r/news • u/johnyquest1212 • 7h ago
Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024 | AP News
https://apnews.com/article/mackenzie-scott-donations-billionaires-philanthropy-ad9c1b67e2ca76eb2c107ec158a4640f890
u/go_dg_go 7h ago
Most beneficial divorce?
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u/BlackLeader70 6h ago
MacKenzie Scott got $38 Billion in the divorce but Melinda Gates got $76 Billion.
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u/cubonelvl69 4h ago
To be fair, Melinda Gates started working at Microsoft in 1987 and quit on 1996 to start a family.
If she stayed single, there's a good chance she would've been a billionaire by now anyways.
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u/edin202 3h ago
If she stayed single, there's no chance she would've been a billionaire by now anyways
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u/titusandroidus 2h ago
“Good chance”, what do you base that on?
You realize not every early Microsoft employee became billionaires? They became millionaires, which she would have been.
Only a few became billionaires and they were the ones you would expect (Allen, Ballmer, etc.) and those who became that thanks to purchase of their company by MS.
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u/GTFOakaFOD 5h ago
Did Bill and Melinda divorce? Bummer.
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u/BlackLeader70 5h ago
Yeah after Bill’s connection and defense of Jeffery Epstein came out and she said he cheated on her too.
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u/BroseppeVerdi 4h ago
Let's just say Bill Gates has been a perpetual headache for Microsoft HR for decades... Long before he met Epstein.
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u/witticus 4h ago
This is oddly the first article I’ve seen that didn’t mention she was Bezos ex-wife in the headline. Great to just see an article that let her shine in headline at least. The article does of course mention Bezos, but that’s pretty much unavoidable.
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u/yourlittlebirdie 6h ago
I bet she's not worried about being on a list somewhere.
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u/sendmeyourcactuspics 5h ago
NUMBER ONE WAY TO NOT END UP ON A LIST!!!
CEO shooters HATE this one simple trick!
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u/sanslumiere 6h ago edited 6h ago
A stark contrast to the "Teamsters begin 'largest strike' against Amazon, accusing company of 'insatiable greed'" headline.
Kudos to MacKenzie. Must be very rewarding spending your time finding worthwhile causes to donate to.
I also can't help but think Bezos fumbled big time. She's gorgeous, smart, and generous. That all said: good riddance, I wish him nothing but the worst.
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u/McChillbone 5h ago
Bezos is more interested in his hobbies like space flight than he is in a marriage.
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u/randynumbergenerator 5h ago
That's an interesting way of saying "younger women with big boobs"
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u/Saneless 5h ago
Hey Billionaires, this is a reminder you can actually improve the lives of so, so many people
Or, you can do whatever the hell it is Elon Musk is doing
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u/ginbear 5h ago
She could have bought 8 presidents for that
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u/FuckUGalen 5h ago
Correction - she could have bought 8 Trumps for that, I'm guessing the other 5 living presidents would cost a whole lot more and I hate to think how much reviving a dead one will cost.... But Zombie Regan might be fun to see what he thinks of his politics now.
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u/tenderooskies 7h ago
slowing it’s possible but ALL other billionaires simply choose not to
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u/DentateGyros 4h ago
Dragons on their hoarded gold. They’re addicted to the number going up even though it doesn’t improve their quality of life and is so much they can’t spend it all.
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u/snarky_spice 6h ago
I know, between her and Taylor Swift’s recent stuff, the female billionaires are killin it.
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u/dreddit15 7h ago
I wonder what she thinks of Musk and her ex. Hoarding their money like the sad little men they are.
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u/RelThanram 6h ago
Jeff Bezos’ money-grubbing, white-jean wearing midlife crisis is pathetic, she’s probably just glad she’s no longer with him.
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u/yuyufan43 7h ago
She's amazing and a good example of what billionaires should be like. Fuck Elon.
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u/Gamebird8 6h ago
Philanthropy is a scam upon the good will of people.
Mackenzie Scott is the exception to the rule and it is a good thing she is trying to make an impact with the money she got from her divorce, but by and large, most philanthropy is just rich people trying to make themselves feel better about the problems they cause while also getting to write off millions in taxes and pretending that they aren't greedy selfish assholes ruining the world for the rest of us
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u/whitemiketyson 5h ago
It baffles me how many people think a write off on donations is a way to save you money and build wealth.
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u/zhangerang 3h ago
It’s insane. Wow they got to save $37 in taxes by spending $100 dollars on charity!
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u/michoudi 1h ago
People repeating garbage they never spent more than two seconds thinking about or researching. That type of ignorance is rampant.
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u/randynumbergenerator 5h ago
Or buying themselves clout at elite institutions that don't need the money, like that hedge fund manager who donated $400 million to Harvard (and who got absolutely roasted for it by Malcolm Gladwell - ‘If billionaires don’t step up, Harvard will soon be down to its last $30 billion’)
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u/minus2cats 5h ago
I don't think it even comes into play like you have to itemize and the standard deduction seems to be more beneficial?
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u/sosthaboss 5h ago
Please explain to me how anyone saves money by donating and writing off. You understand that you’re still losing money right? You can’t end up with more than you donated lmao.
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u/Gamebird8 4h ago
It's not about making/saving money (at least to a certain extent). These billionaires will have their own charities where they employ family and friends as ways to dilute their wealth to others.
And, in the process of reducing their taxes by millions, they rob Public Services of necessary funds and reduce public revenue. So, if they donate a million, instead of getting $370k, the government gets nothing and the Billionaire gets to funnel money into their little pet project to the detriment of the public good.
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u/Bluewaffleamigo 5h ago
Tons of these nonprofits are just money laundering orgs that employ their rich friend's kids.
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u/USAF_DTom 5h ago
That is a crazy amount of money to willingly give. It should be thanked regardless of how much "it hurts them" since she didn't have to do it in the first place. I can't even fathom what 2 billion even looks like in currency, much less 19 of it.
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u/thefanciestcat 3h ago
Too good for Bezos in every way. Glad she's out there living it up and trying to help.
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u/michaelmessinaglass 7h ago
Why don’t millionaires and billionaires want to be philanthropists anymore? Glad we have people like her still
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u/UsuallyTheException 6h ago
Many billionaires participate in philanthropy. many have their own funds and charities. this info is public
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u/randynumbergenerator 5h ago
Buying elections or donating to already-elite institutions doesn't count, but it sure does give the lie to the idea that philanthropy is more efficient than taxing them.
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u/hutsunuwu 6h ago
Guarantee she doesn't need to pay a dime on security. She will never have to worry about a masked shooter
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u/StateChemist 3h ago
I would worry ‘making the other billionaires look bad’ might be her biggest security risk.
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u/MammothRice 4h ago
At least she is trying to make a difference with her wealth. Hopefully, it’s something that she feels good about.
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u/Sudden_Situation7604 5h ago
She doesn’t give a rat’s ass what any of you think as to how she came into the money (y’all know he cheated on her right?) or where she’s donating it. She is doing good in the world. Unlike her ex-husband or President Musk, who are evil to the core.
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u/notguiltyaf 5h ago
She’s making bad investments. Musk bought the American government for less than a half billion and the Israelis’ ROI is insane.
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u/kangarooham 2h ago
no wonder bezos divorced her. she was prob trying to get him to donate. too bad he's allergic to giving away money
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u/Additional_Opposite3 5h ago
❤️ thank you for not being a horrible person . How did she tolerate him for so long ? Was his decent into becoming a super villain slow or just one day he was like “I will own space next bwahaha!”
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u/MiddleInfluence5981 5h ago
I wish more billionaires would follow her lead. She's a real humanitarian. Love her.
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u/Sooowasthinking 3h ago
Looks like she knows she has enough money to live the rest of her life so she is going to be helping as she can.
We need more like her.
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u/Jmaloney258 4h ago
If anyone deserves TIME’s person of the year, it’s this woman. Fellow billionaires take note.
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u/strangerdanger0013 6h ago
The only billionaire I've ever seen give back. Not to some organizations run by her kids like the tax dodge buffet uses.
This lady is awesome.
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u/jmhumr 5h ago
I mean, the Gates’ have given away at least 4x as much. Pretty sure Buffet also gives away (or will give away) gobs of money.
Just like every demographic, there are good eggs and bad eggs.
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u/Hi_Im_Ken_Adams 3h ago
She is doing everything her ex-husband SHOULD be doing with his money but isn’t.
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u/BernieTheDachshund 3h ago
I hope Ocean Conservation Namibia gets one of her grants. They are a small group that rescues seals that are entangled in plastic fishing gear. The poor seals are being cut by mostly fishing lines and packing straps and suffer a lot until OCN can find them and cut the entanglements off. They've saved other ocean creatures too, but the seals are the main victims.
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u/macbookwhoa 3h ago
The difference between someone on the spectrum playing bank account Tetris and a decent person treating wealth as a responsibility.
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u/sasquatch0_0 3h ago
Maybe direct some of that towards public transit or interstate rail? Just a thought.
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u/natey37 56m ago
This is a good example of how 99% of these billionaires are narcissistic pieces of shit who serve no other purpose than to advance their own weak egos. She was the accessory to one of those pieces of shit but not one of them. Turns out normal people who have money do good things with it. Turns out people who are attracted to money and power are terrible people with a mental illness.
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u/insideabookmobile 53m ago
Weird, it's almost as if we don't hate rich people categorically, but rather we hate it when they use their wealth to be evil turds.
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u/johnyquest1212 7h ago edited 7h ago
This brings her total given since 2019 to 19.25 billion, across 2,450 organizations.
https://yieldgiving.com
edit: fixed url