(Reuters) -Billionaire philanthropist MacKenzie Scott has reduced the size of her stake in Amazon.com by 42% since last year, Bloomberg News reported on Tuesday, citing a regulatory filing. Scott, the former wife of Amazon founder Jeff Bezos, holds 81.1 million shares in the company, according to the latest disclosure dated September 30, down 58 million from a year ago, according to the news report. Based on Amazon's closing price on Tuesday, the reduction is worth $12.55 billion. Reuters could not independently confirm the filing. A regulatory filing made with the U.S. Securities and Exchange Commission in Bezos' name said he beneficially owned more than 964 million Amazon shares as of September 30, including 81.1 million shares over which Bezos exercises sole voting authority. Amazon did not immediately respond to a Reuters request for comment. As part of the terms of their divorce in 2019, Scott received a 4% stake in Amazon worth $36 billion from Bezos. She has donated more than $19.25 billion to more than 2,450 non-profit teams, according to her Yield Giving website. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
In the drama "Gentle Monster", Jella Haase investigates a case of child abuse and shares…
Los Angeles (dpa) - Scientists have named four newly identified insect species after US pop…
Berlin (dpa) - Your breastfeeding baby can't already be hungry again, can they? Aren't they…
Berlin (dpa) - A bacterial skin infection known as "rain rot" - more commonly associated…
Los Angeles (dpa) - Netflix is to produce a series adaptation of 'Lonesome Dove,' the…
Paracetamol is considered the treatment of choice for pain and fever during pregnancy. However, new…