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Home / Business / Amazon's Jeff Bezos pays $ 38 billion in divorce settlement | Technology

Amazon's Jeff Bezos pays $ 38 billion in divorce settlement | Technology



The world's largest divorce settlement will be made official this week, as Amazon billionaire Jeff Bezos hand over a 4% stake in the online shopping giant to his soon-to-be MacKenzie Bezos.

A judge is expected to sign legal papers that transfer Amazon shares – worth $ 38bn (£ 29bn) – to MacKenzie Bezo's name. It is at some distance the greatest divorce settlement in history. The previous record was $ 2.5 billion paid to Jocelyn Wildenstein when she divorced art dealer Alec Wildenstein in 1

999.

Following the settlement, MacKenzie Bezos 49, author, will become the world's fourth 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" and he has already promised to give away at least half of his fortune.

money to share "and promised to work hard to give it away" until security is empty. "She made the statement in a letter to Giving Pledge, the philanthropic initiative created by investor Warren Buffett and Microsoft's founder, Bill Gates, to encourage the world's richest people to commit to giving away at least half of their wealth to charity.

Jeff Bezos
(@ JeffBezos)

MacKenzie is going to be awesome and thoughtful and effective on philanthropy, and I am proud of her, her letter is so beautiful, get into MacKenzie https://t.co/S2gLLBQyRQ


May 28, 2019

Despite delivering the huge the sum, Jeff Bezos will still be the world's wealthiest person with a fortune of $ 118bn. He has not signed up to the Giving Pledge, giving $ 2 billion, less than 2% of his wealth, to the Bezos Day One Fund to help the homeless and improve education for low income children amilies.

He has congratulated his former wife in a tweet linking her to giving promises. "MacKenzie is going to be fantastic and thoughtful and effective at philanthropy, and I'm proud of her," he said. "Her letter is so beautiful. Go, get MacKenzie."


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