Monday, 27 January, 2020


The world's richest man is getting divorced

The world's richest man is getting divorced The world's richest man is getting divorced
Conrad Doyle | 12 January, 2019, 20:43

While most people are familiar with Jeff Bezos (and certainly the ultra-convenient front-door service offered by his company), most aren't as familiar with his soon-to-be ex-wife.

Social media have been rocked by news about the world's richest man, Jeff Bezos, announcing his divorce.

On Wednesday, the pair announced they would be separating after 25 years of marriage and have not provided reasons for their divorce.

Terms of the divorce are not known and it's unclear if there was a prenuptial agreement in place at the time of marriage.

Of course, MacKenzie could waive her voting rights or give up her claim to the shares entirely, which means there will undoubtedly be some "shut your mouth when you're talking to me" in Jeff's future.

Amazon didn't immediately respond to a request for comment.

It turned ugly and stretched on for years after Elaine was granted nearly half of Steve's ownership in the company back when they divorced in 2010.

"They have duties not to waste or devalue marital resources, and to keep the value of marital property as high as possible", she said. "Especially in the case of a public company, they're not going to want information to leak because it could ultimately affect stock prices".

Amazon shares were up 0.2pc in midday trading yesterday. Because so much of their wealth is tied up in a publicly traded company, both have an interest in a business-like divorce, said Michael Stutman, a divorce attorney at Stutman, Stutman & Lichtenstein in NY.

Most of the 66 women on the Bloomberg index came into their wealth through death or divorce. Or even those of other billionaires, such as Donald Trump's tabloid-fodder split with his first wife Ivana in the early 1990s, long before he was elected president.

Although the divorce of the long-time couple seems quite amicable, it does leave a number of questions surrounding their $137-billion fortune.

The couple, who have four children, met while working at the hedge fund DE Shaw prior to Bezos's founding of Amazon. Three months after getting engaged, they were married and planning to move across the country so he could start up Amazon in 1994.

For starters, MacKenzie is the author of two novels, The Testing of Luther Albright (2005) and Traps (2013).

Jeff Bezos owns a 16 percent stake of Amazon and is the company's top individual shareholder, according to regulatory filings.

The company has since expanded into an e-commerce giant.

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