Amazon CEO settles for $36 bn divorce deal

Amazon CEO settles for $36 bn divorce deal

San Francicso, April 5 (IANS) With Amazon CEO Jeff Bezos agreeing to a divorce settlement on Thursday, his ex-wife, MacKenzie Bezos, is set to own about four per cent of the company’s common stock, a stake worth roughly $36 billion.

In a tweet on Thursday, MacKenzie Bezos said she would keep 25 per cent of the couple’s Amazon stock, which should give her a four per cent stake in the company, CNN reported on Friday.

“Happy to be giving him all of my interests in the Washington Post, Blue Origin (private space company) and 75 per cent of our Amazon stock plus voting control of my shares,” she tweeted.

Replying to his ex-wife, Jeff Bazos tweeted that he was “grateful for her support and for her kindness in this process.”

If MacKenzie Bezos decides to sell her shares in Amazon, the buyer would have to enter into an agreement with Jeff Bezos to grant him the rights to vote those shares, according to the filing with the Securities and Exchange Commission, the report said.

The pair first announced plans to separate in January following reports of Jeff Bezos cheating on his wife, claims that he denied later.

The net worth of Jeff Bezos after Amazon took off is estimated to be around $150 billion.

 

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