Close X
Thursday, November 28, 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

    Mike Pompeo's Tweet On Racist Blog About Indian-American Rival Raj Goyle Raised At Senate Hearing

    Mike Pompeo's Tweet On Racist Blog About Indian-American Rival Raj Goyle Raised At Senate Hearing
    A tweet by Secretary of State-designate Mike Pompeo linking to a blog that made racist taunts against his Indian-American opponent in a 2010 Congressional election has come back to haunt him in his Senate confirmation hearings.

    Mike Pompeo's Tweet On Racist Blog About Indian-American Rival Raj Goyle Raised At Senate Hearing

    For 'Make In India' Super Hornet Jets, Boeing Ties Up With Mahindra, HAL

    For 'Make In India' Super Hornet Jets, Boeing Ties Up With Mahindra, HAL
    Boeing said the partnership will transform India's aerospace and defence ecosystem.

    For 'Make In India' Super Hornet Jets, Boeing Ties Up With Mahindra, HAL

    Earrings From Collection Of Last Sikh Queen Maharani Jind Kaur To Be Auctioned In UK

    Earrings From Collection Of Last Sikh Queen Maharani Jind Kaur To Be Auctioned In UK
    A pair of gold pendant earrings from the collection of Maharani Jind Kaur, the last Sikh Queen of Punjab, will be auctioned as part of the Islamic and Indian sale in London later this month.

    Earrings From Collection Of Last Sikh Queen Maharani Jind Kaur To Be Auctioned In UK

    Peterborough Teen Scores Invite To Royal Wedding For Charity Work

    Peterborough Teen Scores Invite To Royal Wedding For Charity Work
    PETERBOROUGH, Ont. — A fifteen-year-old southern Ontario girl has scored an invitation to the wedding of Prince Harry and Meghan Markle for her charity work.

    Peterborough Teen Scores Invite To Royal Wedding For Charity Work

    'Joyful Smile:' Trainer For Humboldt Broncos Dies After Crash, Death Toll At 16

    'Joyful Smile:' Trainer For Humboldt Broncos Dies After Crash, Death Toll At 16
    SASKATOON — The athletic therapist for the Humboldt Broncos has become the 16th person to die following a horrific bus crash in Saskatchewan last week.

    'Joyful Smile:' Trainer For Humboldt Broncos Dies After Crash, Death Toll At 16

    Indian Childhood Best Friends Win $1M At Dubai Raffle

    Indian Childhood Best Friends Win $1M At Dubai Raffle
    Two friends from India, Pinto Paul Thommana and Francis Sebastian, staying in the United Arab Emirates (UAE), have won $1 million in Dubai's Duty Free Millennium Millionaire draw.

    Indian Childhood Best Friends Win $1M At Dubai Raffle