Primary Intelligence Asset

MacKenzie Scott has given away $26 billion and rarely speaks publicly. Now she’s releasing a novel—but you won’t find it on Amazon

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Executive Summary

Billionaire philanthropist and author MacKenzie Scott is releasing her first novel since 2013, titled 'Last Days in Two Nations,' serialized chapter by chapter directly on Substack rather than via traditional publishers or Amazon. The article examines her literary background studying under Nobel laureate Toni Morrison and highlights how her concentrated equity wealth in appreciating Amazon shares sustains her philanthropic giving.
Analysis Confidence: High
ST_CODE: AMAZON

System Metadata

Source ID

DOC-MACKENZI

Process Date

Public archive record

Integrity Hash

SHA256-MACKENZIESCO...

Indexer Status

COMPLETE

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Introduction and Philanthropic Background

MacKenzie Scott is notoriously generous and notoriously quiet. The billionaire philanthropist, novelist, and ex-wife of Amazon founder Jeff Bezos has doled out more than $26 billion to charity during the past few years, but has done so without much fanfare. Now Scott is going back to her writing roots—she was trained under the acclaimed writer Toni Morrison, after all—and is releasing her new novel, Last Days in Two Nations, chapter by chapter on Substack. Noticeably, she’s opted to publish it on an open platform, and not through a publishing house or distributed by a major bookseller like, say, Amazon. Scott married Bezos in 1993 before Amazon was officially launched in 1994. She played a critical role in the early days of establishing what is now the No. 1 company on the Fortune Global 500 list, including overseeing early operations, business plans, and contracts. Upon their 2019 divorce, she received roughly a 4% stake in Amazon. Of course, we may never know whether her intention was to keep her first novel since 2013 off of Amazon, since she never responds to press inquiries and rarely shares her personal thoughts with the masses. (She does, however, sometimes discuss her philanthropic efforts on a blog for her philanthropic organization, Yield Giving). But it’s undeniably interesting that she would opt to publish a book and likely make nothing for it, although she’s got plenty in the bank. Her current net worth is estimated at more than $38 billion, even though she’s donated more than half of that to charity. But the power of the Amazon shares she received upon her divorce from Bezos is what keeps her net worth and her ability to give high. It’s the classic paradox of how a bull market allows billionaires like Scott to give away tens of billions without getting noticeably poorer. Wealth advisors call this phenomenon “concentrated equity wealth.” Nearly all of Scott’s fortune is tied up in Amazon stock, and Amazon has been on a historic run. Although Scott reduced her original stake by about 42% by selling or donating some 58 million shares worth around $12.6 billion, the shares she still holds have appreciated faster than she can distribute them. Amazon share prices have jumped nearly 69% in the past five years. Her net worth has only dropped about $2 billion year-to-date, according to the Bloomberg Billionaires Index.

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Billionaire philanthropist and author MacKenzie Scott is releasing her first novel since 2013, titled 'Last Days in Two Nations,' serialized chapter by chapter directly on Substack rather than via traditional publishers or Amazon. The article examines her literary background studying under Nobel lau...