Published: Sun, July 07, 2019
Markets | By Otis Pena

Judge signs Order Formalising Jeff Bezos & Mackenzie Bezos' Divorce

Judge signs Order Formalising Jeff Bezos & Mackenzie Bezos' Divorce

Amazon oligarch Jeff Bezos is officially splitsville from his longtime wife MacKenzie after a Washington State judge signed off on the divorce, according to Bloomberg.

As a part of the agreement, MacKenzie Bezos will be getting approximately 19.7 million Amazon.com shares, that will give her a 4% stake in the company that is now valued at $38 billion (approximately Rs 2,62,163 crores).

The settlement has taken MacKenzie to 22nd place on the "Bloomberg Billionaires Index", a ranking of the world's 500 richest people but she has made a decision to donate half of her $38 billion worth alimony to investor Warren Buffett's philanthropic campaign "the Giving Pledge".

Even though Jeff is parting with many billions of dollars, he is still the richest man in the world.

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MacKenzie, who married Jeff Bezos in 1993, had no prenuptial agreement with the billionaire and could potentially have been entitled to half his fortune, estimated by Bloomberg (after accounting for her payout) to still be more than $121 billion.

The Bezos' couple finalised their divorce in April in what was reported as the biggest divorce settlement in history. But I won't wait. Back in May, MacKenzie promised to donate much of her money "until the safe is empty".

She also revealed Jeff would keep 75 percent of their Amazon stock and would retain voting control over her shares. They first announced in January they were getting a divorce.

Jeremy Corbyn has used the 25th anniversary of Amazon's launch to accuse the company of not paying its fair share of taxes. Bezos had founded Amazon.com in a garage in Seattle in 1994 and then it was turned into the giant that e-commerce world today.

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