Amazon founder Bezos' divorce final with $38 billion settlement: report

Published: July 6, 2019
Email
File photo of Amazon CEO Jeff Bezos and wife MacKenzie Bezos. PHOTO: REUTERS

File photo of Amazon CEO Jeff Bezos and wife MacKenzie Bezos. PHOTO: REUTERS

 

Amazon.com founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, 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 per cent of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos’ name after court approval of the divorce.

UK competition watchdog to examine Amazon’s Deliveroo investment

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

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

Amazon says will not operate China marketplace site from July 18

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

 

Facebook Conversations

More in Technology