Amazon chief Jeff Bezos and former wife reach biggest divorce deal in history

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Amazon chief Jeff Bezos and former married woman reach biggest divorce deal in history

The US$35 billion (South$47.41 billion) divorce settlement sees Bezos retaining voting control of his unabridged US$143 billion (S$193.67 billion) stake in the company.

Amazon chief Jeff Bezos and former wife reach biggest divorce deal in history

FILE Photograph: 89th Academy Awards - Oscars Vanity Fair Party - Beverly Hills, California, U.S. - 26/02/17 – Amazon'south Jeff Bezos and his wife MacKenzie Bezos. REUTERS/Danny Moloshok/File Photo

Amazon.com Inc Chief Executive Officeholder Jeff Bezos and his former wife MacKenzie have reached a record-breaking divorce settlement worth at least Usa$35 billion (Due south$47.41 billion).

This dwarfs the Us$3.8 billion (S$5.fifteen billion) record set by fine art dealer Alex Wildenstein and his married woman Jocelyn in 1999, reported BBC News.

Jeff Bezos will retain voting control of his entire U.s.a.$143 billion pale (S$193.67 billion) in the company under the divorce settlement with MacKenzie Bezos, who volition own 25 per cent of those shares, the couple said on Thursday (April 4).

The divorce settlement makes MacKenzie Bezos the fourth-largest shareholder of Amazon, behind Jeff Bezos and investment firms Vanguard Group and BlackRock.

She fabricated the announcement in a tweet posted on Th (Apr 4). "Grateful to have finished the procedure of dissolving my marriage with Jeff with support from each other," she wrote.

"Happy to be giving him all of my interests in the Washington Postal service and Bluish Origin, and 75% of our Amazon stock plus voting control of my shares."

The couple, who have four children, got married in 1993, a year before Jeff Bezos set Amazon with MacKenzie employed as one of the firm's showtime members of staff.

Even afterward the divorce, Bezos will remain the richest private in the world, with a cyberspace worth over United states$110 billion (South$148.99 billion) as of Th, reported Forbes.

The divorce settlement volition make MacKenzie Bezos the 3rd-wealthiest woman in the globe, co-ordinate to Forbes, trailing L'Oréal's Francoise Bettencourt Meyers (with a net worth of U.s.a.$52.9 billion) and Walmart'southward Alice Walton (US$45 billion).

She is a successful novelist who has written two books, The Testing of Luther Albright and Traps, and was taught by Pulitzer Prize-winning author Toni Morrison at Princeton University and who in one case said of her pupil that she was "i of the best students I've e'er had in my creative-writing classes ... really i of the best".

Jeff Bezos began dating Play a trick on News host Lauren Sanchez, the old wife of Endeavour executive chairman Patrick Whitesell, last year. Sanchez and Whitesell, who were married in 2005, separated last autumn.

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Source: https://cnalifestyle.channelnewsasia.com/entertainment/amazon-jeff-bezos-and-ex-wife-biggest-divorce-deal-in-history-224721

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