close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Amazon founder Jeff Bezos' divorce final with $38 billion settlement: Report

File photo: Jeff Bezos and MacKenzie Bezos. Photograph:( Reuters )

Reuters New Delhi, Delhi, India Jul 06, 2019, 06.42 AM (IST)

Amazon founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported.

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 a large position.

He retains a 12% stake worth $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.

Watch: Forbes billionaire list announces Amazon founder as 'Richest man on Planet'

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.

Story highlights

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.