January 19, 2019

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

10 January 2019, 06:33 | Austin Hogan

CREDIT Clemens Bilan EPA-EFE REX Shutterstock

Amazon CEO Jeff Bezos and and his wife Mac Kenzie attend the Axel Springer Award 2018 in Berlin Germany 24 April 2018. Amazon CEO Bezos who also owns US newspaper 'Washington Post', is awarded with the Axel Springer Award. Axel Springer S

Amazon chief executive Jeff Bezos and wife MacKenzie Bezos have chose to divorce after a long trial separation, Mr Bezos said yesterday in a joint statement by the couple on Twitter. Jeffrey Commerce, the world's richest person with a net worth of around $137B, said that he and his ex will "remain friends".

Social media have been rocked by news about the world's richest man, Jeff Bezos, announcing his divorce. Washington is a community property state, generally requiring assets to be split equally.

Jeff founded Amazon after he and MacKenzie married (they met when they were both working at investment-management firm D.E. Shaw in New York) and MacKenzie was one of Amazon's earliest employees.

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.

The attorneys said it's likely she would not push him to sell any shares that could impact his control.

The decision to divorce comes after a trial separation, according to a statement posted Wednesday on Bezos' Twitter account.

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With a reported net-worth of around $160billion, Bezos is reportedly the richest man in modern history and met his wife - who is a novelist - while the pair were working at a hedge fund in NY.

The pair left NY for Washington state and married a year later. Jeff Bezos also bought a mansion in a swanky Washington D.C. neighbourhood previous year for $US23 million. By law, without a prenup, couples are bestowed a 50-50 split of the purse, barring some exceptions which can be argued in court.

In addition to Bezos' stake in Amazon, the couple have also acquired at least five homes in California, Washington state, Texas, Washington D.C. and NY throughout their 25-year marriage.

The Twitter statement from the couple suggests they will continue to work together on the charity.

This could wind up being the most expensive divorce in human history.

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). The company controlled an estimated 49 percent of US e-commerce sales through 2018, according to eMarketer.

"These two have been separated for a not insignificant time, and I would assume.they would have used the time to reach a private, confidential agreement", he said. Elaine denied any involvement.

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