Close X
Saturday, November 23, 2024
ADVT 
Interesting

World's Biggest Divorce Settlement: Amazon Ceo Jeff Bezos To Pay Out $38B To Mackenzie

Darpan News Desk IANS, 10 Jul, 2019 08:57 PM

    MacKenzie Bezos, wife of the globes' richest man Jeff Bezos for 26 years, is set to walk away with a whopping USD 38 billion in the world's biggest divorce settlement with the Amazon Founder and CEO.


    MacKenzie, 49, an author, will become the world's fourth-richest woman, and has already promised to give away at least half of her fortune, the CNN business reported. MacKenzie, who married Jeff in 1993, a year before he started Amazon from his garage in Seattle, has said she had "a disproportionate amount of money to share" and promised to work hard at giving it away "until the safe is empty".


    She announced her intention to make a massive donation in a blog on a website set up by The Giving Pledge, an organisation founded by Warren Buffett and Bill Gates, which encourages the super-rich to devote more than half their wealth to philanthropic causes. The couple, who have four children, finalised their divorce in April in what was reported as the biggest divorce settlement in history, entitling MacKenzie to 25 per cent of couple's joint Amazon stocks worth around USD 38 billion, the report said.


    Even with the settlement, Jeff will be the richest individual in the world with an estimated net worth of USD 118 billion, according to the Bloomberg Billionaires Index.


    The settlement is expected to come this week based on a 90-day timeline given in a financial disclosure filed in April.


    The Amazon CEO will not lose control of the e-commerce giant despite now owning fewer shares.


    "This is because despite his soon-to-be ex-wife walking away with a 4 per cent stake in Amazon, she has voluntarily ceded her voting rights to Jeff Bezos," said the report on Tuesday.


    Applauding his ex-wife on her donation decision, 55-year-old Jeff said, "MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I'm proud of her. Her letter is so beautiful. Go get 'em MacKenzie," on Twitter.


    MacKenzie has also given her stocks in other companies, "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 recently.


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

     

    MORE Interesting ARTICLES

    New NASA App Clicks Selfies In ‘Out Of The World’ Locations

    New NASA App Clicks Selfies In ‘Out Of The World’ Locations
    NASA has rolled out a new app that allows you to take a picture of yourself in a virtual spacesuit, posing in front of gorgeous cosmic locations, like the Orion Nebula or the centre of the Milky Way galaxy.

    New NASA App Clicks Selfies In ‘Out Of The World’ Locations

    Real Story Behind The Viral Photo Of The Crying Indian Grandmother-Granddaughter

    Real Story Behind The Viral Photo Of The Crying Indian Grandmother-Granddaughter
    While we live in an era where it is not uncommon or unheard of children leaving their parents in old age homes, such was not the case in this particular story.

    Real Story Behind The Viral Photo Of The Crying Indian Grandmother-Granddaughter

    Bride Abandons Wedding Photoshoot To Give First Aid To Accident Victim

    Bride Abandons Wedding Photoshoot To Give First Aid To Accident Victim
    Xie Dan, a nurse by profession was shooting in northern China when the woman fell from a three-wheeled vehicle following a collision with another car. She left her photoshoot and rushed to help the injured,

    Bride Abandons Wedding Photoshoot To Give First Aid To Accident Victim

    VIDEO: Trevor Noah Calls Imran Khan Brown Donald Trump, Some Pakistani Are Miffed

    VIDEO: Trevor Noah Calls Imran Khan Brown Donald Trump, Some Pakistani Are Miffed
    Popular TV host and comedian, Trevor Noah, put forward his arguments as to why he thinks Imran Khan, in many ways, mirrors US President Donald Trump. Noah is known for his unabashed views on global politics and his commentary through satire.

    VIDEO: Trevor Noah Calls Imran Khan Brown Donald Trump, Some Pakistani Are Miffed

    WATCH: This Pakistani Man's Sassiest Reply To The POTUS Is Breaking The Internet

    WATCH: This Pakistani Man's Sassiest Reply To The POTUS Is Breaking The Internet
    "We don't even throw away empty ice-cream boxes of rubber-bands, and you think we'll return the 33 billion dollars?", Pakistani man's reply to Trump is going viral.

    WATCH: This Pakistani Man's Sassiest Reply To The POTUS Is Breaking The Internet

    Win Two Months FREE Rent with #WhyWeRent Instagram Contest!

    Win Two Months FREE Rent with #WhyWeRent Instagram Contest!
    The #WhyWeRent campaign aims to shed light on this new perspective by highlighting the benefits of renting long-term, such as flexibility, affordability, and pricing protection. 

    Win Two Months FREE Rent with #WhyWeRent Instagram Contest!