Sad: World’s Richest Man Jeff Bezos and Wife MacKenzie Finalize Their Divorce, with Jeff Keeping 75% of Couple’s Amazon Stock

Jeff and MacKenzie Bezos attend the 7th Annual Sean Penn & Friends HAITI RISING Gala benefiting J/P Haitian Relief Organization on Jan. 6, 2018 in Hollywood, California.
Michael Kovac/Getty Images

Amazon founder Jeff Bezos and his former partner MacKenzie Bezos announced Thursday that the couple had agreed to a divorce settlement that brings to a close the high-profile uncoupling after 25 years of marriage and, crucially for all Prime subscribers, divides up their $143 billion stake in Amazon. Under the agreement, Jeff Bezos will maintain a 12 percent stake in the company he founded in 1994 and MacKenzie, who worked as an accountant and helped negotiate contracts in the company’s infancy, will assume a 4 percent share, worth roughly $36 billion, of the $890 billion company. The divvying up of Amazon assets makes MacKenzie the third richest woman in the world, while Jeff Bezos will remain the world’s richest human, according to Forbes.

The settlement left Jeff Bezos firmly in control of the online retailer, a question that had rattled investors when the pair announced their split earlier this year, as he maintains sole voting power over the entirety of the couple’s combined Amazon holdings, the largest in single stake in the company. As part of the deal, MacKenzie will relinquish her interests in the Washington Post, which Jeff Bezos bought in 2013 for $250 million, as well as the rocket company Blue Origin. Under Washington state law, MacKenzie Bezos would likely be entitled to half of the couple’s marital assets, which the settlement appears to fall well short of. Still, for perspective, Reuters notes “MacKenzie Bezos’ stake in Amazon is worth more than the market values of nearly 70 percent of the components of the S&P 500.”

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SOURCE: Slate – Elliot Hannon