Close X
Thursday, November 28, 2024
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 08:55 PM

    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

    UAE Scraps ‘Profession’ Criteria, Makes Income Only Requirement For Expats To Sponsor Family

    UAE Scraps ‘Profession’ Criteria, Makes Income Only Requirement For Expats To Sponsor Family
    The UAE Cabinet on Sunday adopted a decision to amend provisions of the resolution on sponsoring of foreign workers to their families in the country, WAM news agency reported.

    UAE Scraps ‘Profession’ Criteria, Makes Income Only Requirement For Expats To Sponsor Family

    Solitary Confinement Was Like Being On Vipassana Involuntarily: Rajat Gupta

    During his 19-month prison term in Ayer, Massachusetts, Gupta, 70, was thrice sent to solitary confinement by the jail authorities.    

    Solitary Confinement Was Like Being On Vipassana Involuntarily: Rajat Gupta

    32-Year-Old Indian Dentist From Hyderabad Killed In US Road Accident

    The UIC orthodontics school was closed on Friday in the wake of Mohammed’s death.

    32-Year-Old Indian Dentist From Hyderabad Killed In US Road Accident

    Pakistan’s Senior Muslim Clerics Denounce Forced Conversion Of Hindus

    “Islam doesn’t allow forceful conversion of non-Muslims,” the religious leaders said.

    Pakistan’s Senior Muslim Clerics Denounce Forced Conversion Of Hindus

    Rapper Nipsey Hussle Shot Dead Outside His Los Angeles Store: Media

    Grammy-nominated US rapper Nipsey Hussle, 33, was shot dead outside his store here, leaving the music and film industry in shock.

    Rapper Nipsey Hussle Shot Dead Outside His Los Angeles Store: Media

    UAE To Issue Equivalency For All Indian Degrees

    UAE To Issue Equivalency For All Indian Degrees
    In a huge relief for many expats, the UAE Ministry of Education has agreed to issue equivalency for all Indian degrees that match the set criteria, the Indian embassy here announced on Sunday.

    UAE To Issue Equivalency For All Indian Degrees