Uncategorized
Owner of e-commerce giant inks history’s biggest divorce settlement standing at $36bn
Amazon founder Jeff Bezos and his ex-wife, MacKenzie, have agreed the biggest divorce settlement in history, leaving him with 75 percent of their stock in the tech giant and giving her nearly $36 billion in shares.
MacKenzie Bezos said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her ex-husband — the world’s richest man — as well as voting control of her remaining Amazon stock.
The world’s richest man Jeff Bezos, 55, and MacKenzie, 48, a novelist, married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.
In a filing with the US Securities and Exchange Commission, Amazon, which has a market capitalization of some $890 billion, said MacKenzie Bezos will control four percent of the company’s outstanding common stock.
At Amazon’s current share price that would be worth some $35.6 billion.
According to Forbes magazine, the divorce settlement makes MacKenzie Bezos the third wealthiest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers and Walmart’s Alice Walton.
Jeff Bezos, who now owns 12 percent of Amazon, remains the world’s richest man and the largest shareholder in the company with an estimated fortune of $110 billion, Forbes said, ahead of Microsoft co-founder Bill Gates and Berkshire Hathaway chairman Warren Buffett.
Jeff and MacKenzie Bezos announced their separation in January and posted Twitter messages on Thursday revealing the divorce settlement.
“Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness,” MacKenzie Bezos wrote.
-
Business1 week agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Comments and Issues1 week agoThe “Onuku” Called Kenneth Okonkwo
-
Business6 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Business1 week agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Energy1 week agoRising global oil tensions raise fresh fears over Nigeria’s fuel prices
-
Business7 days agoDangote Refinery sues FG over petrol import licences in downstream market showdown
-
Business5 days agoAnalysts hail equities rally as over 30 NGX stocks beat inflation in April
-
Business5 days agoSterling Holdings FY2025 profit soars by 89% despite rising credit losses