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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NAB’s Earnings Hit by Higher Business-Loan Impairments

The bank posted unaudited cash earnings for the quarter of A$1.7 billion, down 2% on the average of its prior two quarters

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National Australia Bank said that higher credit impairments against business loans contributed to a small fall in its unaudited December quarter cash earnings.

NAB , which is Australia’s second-largest bank by market capitalization, on Wednesday posted unaudited cash earnings for its fiscal first quarter of 1.74 billion Australian dollars, equivalent to about US$1.11 billion.

That was down 2% on the average of its prior two fiscal quarters. NAB did not give a year-earlier comparison.

The lender said that revenue grew by 3% compared with the average of its prior two fiscal quarters. Underlying profit growth of 4% over the same period was offset by higher credit impairment charges and income tax expenses, it added.

NAB, which posted an unaudited quarterly statutory profit of A$1.70 billion, said the A$267 million credit impairment charge included A$152 million of individually assessed charges. Those were mainly against Australian businesses and unsecured retail portfolios, it said.

The individual charges were up by 54% compared with a year earlier. NAB said that it had not altered its economic assumptions and scenario weightings.

“The economic outlook is improving but cost of living and interest rate challenges persisted,” Chief Executive Andrew Irvine said. “While most customers are proving resilient, we have maintained prudent balance sheet settings.”

NAB said it had seen a small decline in net interest margin due to funding costs, lending competition and deposits, partially offset by the benefit of higher interest rates.

On Tuesday, the Reserve Bank of Australia cut the country’s cash rate for the first time since 2020 but warned against expecting subsequent near-term cuts.

NAB is still targeting full fiscal-year productivity savings of more than A$400 million, and for operating expenses to grow by less than 4.5%, Irvine said.

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