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Report: Amazon Founder Bezos’ Divorce Final; Settlement $38B


Amazon's Jeff Bezos and his wife, MacKenzie Bezos, attend the Vanity Fair party in Beverly Hills, Calif., Feb. 26, 2017, after the 89th Academy Awards.
Amazon's Jeff Bezos and his wife, MacKenzie Bezos, attend the Vanity Fair party in Beverly Hills, Calif., Feb. 26, 2017, after the 89th Academy Awards.

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 $38.3 billion worth of Amazon stock, Bloomberg reported.

In April, Amazon, the world’s biggest online retailer, said in a filing that 4% 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 large position.

He retains a 12% stake worth $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 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.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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