World America 06 Apr 2019 Amazon founder Jeff ...

Amazon founder Jeff Bezos, wife settle $36 billion divorce

AFP
Published Apr 6, 2019, 2:06 am IST
Updated Apr 6, 2019, 3:36 am IST
At Amazon’s current share price that would be worth some $35.6 billion.
MacKenzie Bezos
 MacKenzie Bezos

New York: Amazon founder Jeff Bezos and his wife, MacKenzie, finalised the biggest divorce settlement in history on Thursday, leaving him with 75 per cent of their stock in the tech giant and giving her nearly $36 billion in shares.

MacKenzie Bezos said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband — the world’s richest man — and voting control of her remaining Amazon stock.

 

Jeff Bezos, 55, and MacKenzie, 48, a novelist, 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. In a filing with the US Securities and Exchange Commission, Amazon, which has a market capitalisation of some $890 billion, said MacKenzie Bezos will control four per cent of the company’s outstanding common stock.

At Amazon’s current share price that would be worth some $35.6 billion.

According to Forbes magazine, the divorce settlement makes Mac-Kenzie Bezos the third wealthiest woman in the world after L’Oreal heiress Francoise Bett-encourt Meyers and Walmart’s Alice Walton.

Jeff Bezos, who now owns 12 per cent of Amazon, remains the world’s richest man and the largest shareholder in the company with an estimated fortune of $110 billion, Forbes said, ahead of Microsoft co-founder Bill Gates and Berkshire Hat-haway chairman Warren Buffett. Jeff and MacKenzie announced their separation in January and tweeted the divorce settlement on Thursday. “Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness,” MacKenzie Bezos wrote.

“Happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies,” she said.

“Excited about my own plans. Grateful for the past as I look forward to what comes next.”

Jeff Bezos, in a Twitter message of his own, said his wife had been “an extraordinary partner, ally, and mother.” “She is resourceful and brilliant and loving, and as our futures unroll, I know I’ll always be learning from her,” he said.

“I’m grateful for her support and for her kindness in this process and am very much looking forward to our new relationship as friends and co-parents,” Bezos added.

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