September 27, 2020

Amazon founder Bezos’ divorce final with $38 billion settlement

July 6, 2019 at 12:09 pm

Amazon’s founder Jeff Bezos’ divorce from his wife MacKenzie Bezos, after 25 years of marriage,  which was finalized by a judge , paving the way for her to receive $38.3 billion worth of Amazon stock.

In April, Amazon, the world’s biggest online retailer, said in a filing that 4% 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.