Billionaire Philanthropist MacKenzie Scott Files for Divorce From Second Husband
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Billionaire Philanthropist MacKenzie Scott Files for Divorce From Second Husband

The ex-wife of Amazon founder Jeff Bezos married Dan Jewett last year

By ALLISON PRANG
Fri, Sep 30, 2022 9:17amGrey Clock 2 min

Billionaire philanthropist MacKenzie Scott, the former wife of Amazon.com Inc. founder Jeff Bezos, has filed for divorce from her second husband, according to court records.

Ms. Scott filed a petition for divorce from Dan Jewett in King County Superior Court in Washington state, according to a filing dated Monday. She had married Mr. Jewett, then a teacher at a private Seattle school, last year. She and Mr. Bezos divorced in 2019 after 25 years of marriage.

Mr. Jewett agreed to the divorce, according to court records. The couple already had a separation contract, which specifies how their debts and liabilities would be divided, the records said.

Ms. Scott and her lawyer, as well as Mr. Jewett and his lawyer, couldn’t immediately be reached for comment. Amazon didn’t immediately respond to a request for comment on behalf of Mr. Bezos.

Ms. Scott has given away billions of her wealth since divorcing Mr. Bezos. In 2019, she joined the Giving Pledge, pledging to give away a large chunk of her wealth. Some of the organisations that received donations since Ms. Scott’s and Mr. Jewett’s marriage thanked both of them.

In a nine-month period, Ms. Scott donated $3.86 billion to 465 different organisations, including the Boys & Girls Clubs of America and the Planned Parenthood Federation of America.

Ms. Scott has a net worth of $28.9 billion, according to the Bloomberg Billionaires Index, making her the 39th richest person in the world. That number has been falling as she has been donating much of her wealth. At one point in 2020, her net worth was as high as $67.4 billion, according to the index.

Both Ms. Scott and Mr. Jewett live in King County in Washington state, according to the divorce filing. The couple was married in the state of California.

Ms. Scott helped Mr. Bezos in founding Amazon. She owned a roughly 2.9% stake in Amazon as of February of this year, according to FactSet, but Mr. Bezos retained those shares’ voting rights.

She and Mr. Bezos have four children together.



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Boost for World Economy as U.S., Eurozone Accelerate in Tandem

Surveys point to a fresh acceleration in the U.S., even as growth in the eurozone strengthens

By JOSHUA KIRBY
Sat, May 25, 2024 3 min

Global economic growth is becoming more broad based, with surveys indicating that business activity in both the U.S. and the eurozone gained momentum in May.

The eurozone economy contracted in the second half of 2023 following a surge in energy and food prices triggered by Russia’s invasion of Ukraine, and the subsequent rise in interest rates intended to tame that inflation.

By contrast, the U.S. economy expanded strongly over the same period, opening up an unusually wide growth gap with the eurozone. That gap narrowed as the eurozone returned to growth in the first three months of the year, while the U.S. slowed.

However, surveys released Thursday point to a fresh acceleration in the U.S., even as growth in the eurozone strengthened. That bodes well for a global economy that relied heavily on the U.S. for its dynamism in 2023.

The S&P Global Flash U.S. Composite PMI —which gauges activity in the manufacturing and services sectors—rose to 54.4 in May from 51.3 in April, marking a 25-month high and the first time since the beginning of the year that the index hasn’t slowed. A level over 50 indicates expansion in private-sector activity.

“The data put the U.S. economy back on course for another solid gross domestic product gain in the second quarter,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.

Eurozone business activity in turn increased for the third straight month in May, and at the fastest pace in a year, the surveys suggest. The currency area’s joint composite PMI rose to 52.3 from 51.7.

The uptick was led by powerhouse economy Germany, where continued strength in services and improvement in industry drove activity to its highest level in a year. That helped the manufacturing sector in the bloc as a whole grow closer to recovery, reaching a 15-month peak.

By contrast, surveys of purchasing managers pointed to a slowdown in the U.K. economy following a stronger-than-expected start to the year that saw it outpace the U.S. The survey was released a day after Prime Minister Rishi Sunak called a surprise election for early July, banking on signs of an improved economic outlook to turn around a large deficit in the opinion polls.

Similar surveys pointed to a further acceleration in India’s rapidly-expanding economy, and to a rebound in Japan, where the economy contracted in the first three months of the year. In Australia, the surveys pointed to a slight slowdown in growth during May.

Businesses reported that they were raising their prices at the slowest pace since November, which should reassure the European Central Bank. However, the eurozone continued to add jobs in May, suggesting that wages might not cool as rapidly as the ECB had hoped.

The ECB released figures Thursday that showed wages negotiated by labor unions in the eurozone were 4.7% higher in the first quarter than a year earlier, a faster increase than the 4.5% recorded in the final three months of 2023

The ECB has signalled it will lower its key interest rate in early June, while the Fed is waiting for evidence that a slowdown in inflation will resume after setbacks this year.

Nevertheless, eurozone businesses and households shouldn’t bank on successive cuts to borrowing costs, ECB Vice President Luis de Guindos said. “There is a huge degree of uncertainty,” he said. “We have made no decisions on the number of interest rate cuts or on their size,” he said in an interview published Thursday. “We will see how economic data evolve.”

Continued resilience in the eurozone economy would likely make the ECB more cautious about lowering borrowing costs after its first move, economist Franziska Palmas at Capital Economics wrote in a note. “If the economy continues to hold up well, cuts further ahead may be slower than we had anticipated,” she said.

– Edward Frankl contributed to this story.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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