Urgent.News

What's breaking now, across thousands of outlets.

Business

MacKenzie Scott’s $26B giving inspired by a book

MacKenzie Scott, one of the world's wealthiest women, chose a unique path for her philanthropy after her divorce from Amazon founder Jeff Bezos in 2019. Unlike other billionaires who joined the Giving Pledge, Scott developed her own approach to giving, which was inspired by a passage she had underlined in a college book years earlier.

The book was "The Writing Life" by Annie Dillard, and the specific quote that resonated with Scott was, "The impulse to save something good for a better place later is the signal to spend it now." This statement, which she had starred in her college copy of the book, became a guiding principle for her philanthropic efforts.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

More in Business

Transnet under fire over R824m Richards Bay tender investigation

Placosa has accused Transnet of failing to properly account for alleged procurement irregularities involving R824 million worth of materials-handling equipment contracts at its Richards Bay operations. The organisation is demanding an independent investigation into senior executives, while Transnet says its forensic probe has resulted in…

More from Sunday 23 August →