Amazon’s Bezos finalizes divorce with $38 bn settlement: Report


PTI, Jul 6, 2019, 9:50 AM IST

San Francisco: Amazon founder Jeff Bezos and MacKenzie Bezos finalized their divorce Friday to the tune of a USD 38-billion settlement, Bloomberg News reported.

Under the agreement, MacKenzie Bezos, 49, will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company valued at USD 38.3 billion, and landing her at 22nd on the Bloomberg Billionaires Index, the news service said.

A judge in Washington state’s King County finalized the divorce. Jeff Bezos, 55, will retain a 12 percent stake and remain the world’s richest man. MacKenzie Bezos, a novelist, has said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband as well as voting control of her remaining Amazon stock.

She has also promised to donate half her fortune to charity, joining the ranks of the world’s ultra-wealthy philanthropists as a signatory of the Giving Pledge.

The personal life of Jeff Bezos was thrust into the spotlight with the announcement in January that he and his wife were divorcing after 25 years of marriage and the revelation by the National Enquirer that he had been having an affair with a former news anchor, Lauren Sanchez.

Jeff and MacKenzie Bezos married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Siddaramaiah meets PM Modi, seeks urgent clearances for two irrigation projects

Report on Sambhal mosque survey likely to be submitted to local court; security tight in district

CCI orders probe against Google, affiliates for ‘unfair’ business practices in gaming apps’ listing on Play Store

Mahayuti leaders finalize power sharing pact with Amit Shah; CM’s name awaited

Karnataka govt to spend Rs 2,500 crore to upgrade 500 government schools

My name not mentioned anywhere, says Ex-Andhra CM Jagan on Adani bribe controversy

Three women missing in dense Kerala forest; Search operation underway

Related Articles More

Sensex, Nifty bounce back after sharp correction in previous trade

CCI orders probe against Google, affiliates for ‘unfair’ business practices in gaming apps’ listing on Play Store

Nine Adani Group firms trade higher; Adani Total soars nearly 19 pc

Equity markets rise in early trade amid buying in HDFC Bank, SBI

Sensex rises by 230 points on gains in Adani stocks, select blue-chips

MUST WATCH

Grafting

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing


Latest Additions

Siddaramaiah meets PM Modi, seeks urgent clearances for two irrigation projects

Delhi: Private school in Rohini receives bomb threat email day after low-intensity blast

Ed Sheeran announces six-city India tour for 2025

His awkward action, skill set make Bumrah a complete package: Steve Smith

SC to hear on Dec 9 plea of mosque committee related to dispute at Mathura Shahi Idgah complex

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.