Thursday, 24 January, 2019

How Much Could Wife of Amazon's Jeff Bezos Get in Divorce?

Jeff Bezos,MacKenzie Bezos,Amazon founder Amazon's Jeff Bezos and his wife Mac Kenzie Bezos
Charles Bowen | 10 January, 2019, 06:27

Bezos has a current net worth of $137 billion (down from last year's $160 billion), while Amazon is the most valuable company in the world with a total worth of $810 billion.

Although the founder, chairman, CEO, and president of Amazon is now listed as the most wealthy man in the world, Jeff Bezos is reportedly set to lose a huge fraction of his fortune due to his impending divorce from his wife of 25 years.

'Though the labels might be different, we remain a family, and we remain cherished friends, ' the couple wrote.

Jeff and MacKenzie Bezos have four children, including three sons and a daughter adopted from China. By July 1995, Amazon was operating out of a garage, with MacKenzie Bezos lending a hand, according to a review she posted on Amazon in 2013 panning The Everything Store, a book about Bezos and the company written by Brad Stone.

Amazon this week passed Microsoft to become the world's biggest publicly traded company by market capitalization.

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

If Jeff and MacKenzie Bezos split their fortune equally, it could leave MacKenzie with $69 billion, making her the world's richest woman.

The couple have also acquired at least five homes in California, Washington state, Texas, Washington D.C. and NY throughout their 25-year marriage.

More news: Adidas Debuts 2019 NHL All-Star Jerseys Made From Parley Ocean Plastic

Patrick and Lauren have been socializing with Bezos and his wife for a few years, because both (now former) couples have houses in Seattle. They got married just six months after they began dating, according to Jeff Bezos.

Mackenzie, 48 met and Bezos, 54 when she moved to NY from her hometown of San Francisco.

It's not known if the Bezos spouses had signed any prenuptial or postnuptial agreement, which would have an impact on how assets are divided.

In the joint statement announcing their split, Jeff and MacKenzie said they expect to continue on as partners in joint ventures and projects.

MacKenzie Bezos performed accounting for Amazon in the first year of its existence, but reportedly does not hold any shares directly. 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.

Hotel and casino mogul Steve Wynn's divorce in 2010 from Elaine Wynn resulted in an estimated $1 billion settlement ($1.1 billion inflation-adjusted). They have not formally filed the divorce. Elaine denied any involvement.

Steve Wynn's shareholdings are about 12 percent, while Elaine Wynn's are about 9 percent.

Steve has vehemently denied the accusations and blamed his ex-wife for stirring them up.

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