Monday, 18 March, 2019

$140-Billon Divorce! Amazon CEO Jeff Bezos & Wife MacKenzie Split

Amazon CEO Jeff Bezos and and his wife Mac Kenzie attend the Axel Springer Award 2018 in Berlin Germany 24 April 2018. Amazon CEO Bezos who also owns US newspaper 'Washington Post', is awarded with the Axel Springer Award. Axel Springer S CREDIT Clemens Bilan EPA-EFE REX Shutterstock
Laurie Berry | 10 January, 2019, 12:48

FBN's Stuart Varney on Amazon CEO Jeff Bezos announcing he and his wife MacKenzie will be divorcing after 25 years of marriage.

Because the pair were married before Amazon was founded, it's likely that MacKenzie Bezos, a 48-year-old novelist, holds a large claim to that fortune, though details hinge on where the couple files for divorce and if they had a prenuptial agreement.

Bezos and MacKenzie announced in a statement on the billionaire's Twitter that they had chose to continue their "shared lives as friends". "Though the labels might be different, we remain a family, and we remain cherished friends", they continued.

According to the New York City Bar legal referral service, that's the difference between property that will belong to just one person in the event of a divorce or property that will belong to both partners.

Even with a $69 billion fortune, the Amazon founder would still be ranked fifth, according to the Bloomberg Billionaire Index. It has not been made public whether Bezos and MacKenzie had a prenup when they married before moving to Seattle and founding Amazon. After the marriage, he left his job on Wall Street and moved to Seattle, Washington, where he started Amazon.

Amazon shares were down 0.2 per cent in midday trading on Wednesday.

After her husband became rich and famous, MacKenzie strove to retain her privacy, according to three people close to Bezos, who requested anonymity given the sensitive nature of the subject.

‘Gully Boy’ trailer: Ranveer Singh raps for his time to arrive
Kalki Koechlin, who is also a key part of the film, is one strong actor and she never fails to impress us with her acting prowess. Both of them are special to me. "I was born to do Gully Boy and I knew only I can pull off this character", he said.

It is unlikely that many details of the divorce will become public, NY lawyer Bernard Clair, who is representing Judith Giuliani in her divorce from former NY mayor Rudy Giuliani, said.

'If we had known we would separate after 25 years, we would do it all again'.

The couple, who have four children, met while working at the hedge fund DE Shaw prior to the founding of the internet retail behemoth. He declined to comment on how the divorce might affect the ownership stake.

Jeff Bezos in September committed $2 billion through the Bezos Day One Fund to helping homeless families and starting pre-schools for low-income communities.

So, how will the assets be split?

From modest beginnings, Amazon branched out into nearly every product category, taking on established retailers such as Wal-Mart.

The Washington Post could be one of the Jeff Bezos assets at risk in his divorce.

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