Close X
Sunday, November 24, 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

    Bold, Colourful Fashion In India Has Always Inspired Me: Tommy Hilfiger

    Bold, Colourful Fashion In India Has Always Inspired Me: Tommy Hilfiger
    Designer Tommy Hilfiger gets inspiration from the bold and colourful fashion of India, and says he has incorporated the elements to his Spring 2018 collection.

    Bold, Colourful Fashion In India Has Always Inspired Me: Tommy Hilfiger

    Canadian PM Justin Trudeau Gifted Footprint Painting Of Rescued Pachyderm

    Canadian PM Justin Trudeau Gifted Footprint Painting Of Rescued Pachyderm
    Justin Trudeau had visited the centre in Mathura run by Wildlife SOS, along with his wife and their three children earlier this week during his India tour.

    Canadian PM Justin Trudeau Gifted Footprint Painting Of Rescued Pachyderm

    Gucci Put Sikh Turbans On White Models As Fashion Accessory On The Ramp; Faces Backlash From Sikhs

    Gucci Put Sikh Turbans On White Models As Fashion Accessory On The Ramp; Faces Backlash From Sikhs
    Luxury fashion brand Gucci is facing a backlash from people after it adorned white models with traditional Sikh turbans down the ramp in their brand's Fall 2018 fashion week.

    Gucci Put Sikh Turbans On White Models As Fashion Accessory On The Ramp; Faces Backlash From Sikhs

    Balle Balle! Dhol Players Drum Up A Storm On Air India Flight To Amritsar

    Balle Balle! Dhol Players Drum Up A Storm On Air India Flight To Amritsar
    A celebration is incomplete without music and dance! So, when passengers flying to Amritsar from Birmingham were all set to get on the non-stop Air India flight, they were delighted to see a special dhol performance arranged for them.

    Balle Balle! Dhol Players Drum Up A Storm On Air India Flight To Amritsar

    Have Taught My Children To Cook Basic Meal, Says Sophie Trudeau

    Have Taught My Children To Cook Basic Meal, Says Sophie Trudeau
    The tips on parenting came during a question-answer session with 12 high school girls from Gujarat, who interacted with her as part of the Asia launch of the global campaign, 'She Will Grow Into It'.

    Have Taught My Children To Cook Basic Meal, Says Sophie Trudeau

    BIZARRE: Woman Dries Underwear Under Air Vent On-Board A Flight

    BIZARRE: Woman Dries Underwear Under Air Vent On-Board A Flight
    In yet another hilarious mid-air instance, passengers were subjected to an unappealing sight on a flight to Moscow - a woman was filmed drying an underwear under the AC vent of what appears to be a packed flight.

    BIZARRE: Woman Dries Underwear Under Air Vent On-Board A Flight