Wednesday, October 23, 2019
ADVT 
International

Amazon CEO Jeff Bezos Settles For $36 Bn Divorce Deal, To Keep 75% Of Couple's Amazon Stock

Darpan News Desk IANS, 05 Apr, 2019
  • Amazon CEO Jeff Bezos Settles For $36 Bn Divorce Deal, To Keep 75% Of Couple's Amazon Stock

With Amazon CEO Jeff Bezos agreeing to a divorce settlement on Thursday, his ex-wife, MacKenzie Bezos, is set to own about four per cent of the company's common stock, a stake worth roughly $36 billion.


In a tweet on Thursday, MacKenzie Bezos said she would keep 25 per cent of the couple's Amazon stock, which should give her a four per cent stake in the company, CNN reported on Friday.


"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.


Replying to his ex-wife, Jeff Bazos tweeted that he was "grateful for her support and for her kindness in this process."


If MacKenzie Bezos decides to sell her shares in Amazon, the buyer would have to enter into an agreement with Jeff Bezos to grant him the rights to vote those shares, according to the filing with the Securities and Exchange Commission, the report said.


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


The net worth of Jeff Bezos after Amazon took off is estimated to be around $150 billion.

MORE International ARTICLES

India One Of Highest 'Taxing Nations' In The World, Says Donald Trump

India One Of Highest 'Taxing Nations' In The World, Says Donald Trump

US President Donald Trump slammed India for imposing 100 per cent tariffs on American products, including the Harley-Davidson motorcycles.

 

India One Of Highest 'Taxing Nations' In The World, Says Donald Trump

Fourth Indian In Row To Win $2.7 Million Raffle Draw In Abu Dhabi

Fourth Indian In Row To Win $2.7 Million Raffle Draw In Abu Dhabi

Ravindra Boloor was declared the winner in the draw that was held at the Abu Dhabi International Airport on Wednesday, Khaleej Times reported.

 

Fourth Indian In Row To Win $2.7 Million Raffle Draw In Abu Dhabi

2 Indian-Origin Men Among 9 Indicted On Visa Fraud, Drug Charges

2 Indian-Origin Men Among 9 Indicted On Visa Fraud, Drug Charges

Two Indian-origin men are among the nine indicted in a US court on visa fraud and drug charges.

 

 

2 Indian-Origin Men Among 9 Indicted On Visa Fraud, Drug Charges

Zardari Asks Supporters To ‘March Towards Islamabad’; Topple Imran Khan’S Govt

Zardari Asks Supporters To ‘March Towards Islamabad’; Topple Imran Khan’S Govt

“We cannot give them more time. We have to march towards Islamabad to oust the government to save this country,” Zardari said.

Zardari Asks Supporters To ‘March Towards Islamabad’; Topple Imran Khan’S Govt

New Zealand Prime Minister Jacinda Ardern Pays For Groceries Of Mother Who Forgot Her Wallet

New Zealand Prime Minister Jacinda Ardern Pays For Groceries Of Mother Who Forgot Her Wallet

New Zealands Prime Minister Jacinda Ardern paid for a mother-of-twos grocery bill at a supermarket after the woman forgot her purse at home.

New Zealand Prime Minister Jacinda Ardern Pays For Groceries Of Mother Who Forgot Her Wallet

CMHC Looks To Raise Extra Money For Housing Outside Of Billions From Government

CMHC Looks To Raise Extra Money For Housing Outside Of Billions From Government

The chief executive of the Canada Mortgage and Housing Corp. says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live

CMHC Looks To Raise Extra Money For Housing Outside Of Billions From Government

PrevNext