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

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

Amazon.com Inc 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 US$38.3 billion worth of Amazon stock, Bloomberg reported https://bloom.bg/2NBemcm.

FILE PHOTO: 2018 Vanity Fair Oscar Party - Arrivals - Beverly Hills
FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and wife MacKenzie Bezos. REUTERS/Danny Moloshok

REUTERS: Amazon.com Inc 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 US$38.3 billion worth of Amazon stock, Bloomberg reported.

In April, Amazon, the world's biggest online retailer, said in a filing that 4per cent of its outstanding stock or 19.7 million shares would be registered in 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 Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate large position.

He retains a 12per cent stake worth US$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.

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 Corp co-founder Bill Gates in 2010.

(Reporting by Maria Ponnezhath and Mekhla Raina in Bengaluru; Editing by Cynthia Osterman)

Source: Reuters

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