International

Amazon founder Jeff Bezos finalises divorce with $38 billion settlement: report

Amazon CEO Jeff Bezos and MacKenzie Bezos. File   | Photo Credit: Reuters

Amazon.com Inc. founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on July 5, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported.

In April, Amazon, the world’s biggest online retailer, said in a filing that 4% of its outstanding stock or 19.7 million shares would be registered in Ms. MacKenzie Bezos’ name after court approval of the divorce.

The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Mr. Jeff Bezos could wind up with reduced Amazon voting power or that he or Ms. MacKenzie Bezos would liquidate large position.

He retains a 12% stake worth $114.8 billion and remains the world’s richest person, Bloomberg said. Ms. MacKenzie Bezos has said she would give him voting control of her shares.

Ms. MacKenzie Bezos in May pledged to give half her fortune to charity to join the “Giving Pledge”, a campaign announced by billionaire Warren Buffett and Microsoft Corp co-founder Bill Gates in 2010.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jun 11, 2021 1:44:54 AM | https://www.thehindu.com/news/international/amazon-founder-jeff-bezos-finalises-divorce-with-38-billion-settlement-report/article28305013.ece

Next Story