MacKenzie Bezos, ex-wife of Amazon CEO Jeff Bezos, reduced her stake in the company by about $400 million, according to a recent SEC filing.
The filing shows she still holds 19.5 million shares of the company
It’s assumed the Ms. Bezos will use the bounty from her sales to help fund her charitable endeavors. That’s because last May, Ms. Bezos signed the Giving Pledge.
The pledge is a drive started by Warren Buffett, and Bill and Melinda Gates in 2010 in which the super rich pledge to give away half of their wealth to charitable causes. Jeff Bezos has yet to pledge.
All told, the charitable gift half her fortune, even after the $400 million sale, would come to about $18 billion.
Mike Batnick, aka The Irrelevant Investor, and a member of Barry Ritholtz’s band of merry investment geniuses saw Ms. Bezos’ sale from an irreverent angle.
On Twitter, he noted that Ms. Bezos’ financial advisor likely recommended she keep 15,000 years worth of cash on hand, “ just in case.”