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

Jeff Bezos and MacKenzie Bezos announced their plan to divorce in a joint Twitter statement in January

July 06, 2019 05:44 pm | Updated 05:44 pm IST - Reuters

Amazon CEO Jeff Bezos and MacKenzie Bezos. File

Amazon CEO Jeff Bezos and MacKenzie Bezos. File

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.