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szdaily -> World Economy -> 
Bezos’ divorce final with $38b settlement
    2019-07-08  08:53    Shenzhen Daily

AMAZON.COM Inc. founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge Friday, paving the way for her to receive US$38.3 billion worth of Amazon stock, Bloomberg reported.

In April, Amazon, the world’s biggest online retailer, said in a filing that 4 percent of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos’ name after court approval of the divorce.

The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate a large position.

He retains a 12 percent stake worth US$114.8 billion and remains the world’s richest person, Bloomberg said. MacKenzie Bezos has said she would give him voting control of her shares.

MacKenzie Bezos has become the world’s third-richest woman, according a Forbes Magazine.

MacKenzie in May pledged to give half her fortune to charity to join the “Giving Pledge,” a campaign announced by billionaire Warren Buffett and Microsoft Corp. co-founder Bill Gates in 2010.

Bezos, whose former husband is the world’s richest man, was one of 19 people to join the “Giving Pledge,” a campaign that calls for the super-rich to give away more than half their fortunes during their lifetimes or in their wills.

“In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share,” MacKenzie Bezos said in a statement. “My approach to philanthropy will continue to be thoughtful. It will take time and effort and care.”

The pledge that signatories make is “a moral commitment to give, not a legal contract,” the campaign said on its website.

(SD-Agencies)

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