Amazon founder Jeff Bezos and his ex-wife, MacKenzie Bezos, announced a divorce settlement Thursday that will leave him with 75 percent of their Amazon stock and voting power over all of the Amazon voting shares the couple own together.
The announcement from the Bezoses — coming in a tweet from MacKenzie that was retweeted by Jeff — settled a closely watched matter of corporate governance affecting one of the world’s richest companies, with a market capitalization of $890 billion, and the world’s wealthiest person.
The record divorce settlement, which also awards Jeff Bezos all of the couple’s joint holdings in The Washington Post and a space flight company, Blue Origin, is likely to remove uncertainty around the extent of his continued control over Amazon — a company he founded in 1994 and for which he remains chief executive and its largest shareholder. He will have sole voting power over the shares the two once jointly controlled, which together amount to 16 percent of Amazon’s total shares. They were married 25 years and have four children.
MacKenzie Bezos, 48, will be awarded about 4 percent of the company, a stake worth roughly $36 billion based on Amazon’s market value Thursday. She becomes one of the wealthiest women in the world, after such heiresses as the women who own giant stakes in L’Oreal and Walmart.
Jeff Bezos, 55, will retain the remaining 12 percent. He is worth at least $107 billion, based on his Amazon holdings alone. Forbes estimated his worth this year at $131 billion, before the divorce settlement. The world’s second-richest person was Microsoft co-founder Bill Gates, a neighbor of the Bezoses, with about $96.5 billion, according to Forbes.
The divorce should be settled in roughly 90 days, according to an Amazon regulatory filing Thursday.
Investors shrugged off the news Thursday afternoon, with the stock, which was down slightly for the day, showing little obvious change after the tweets, suggesting that investors expected a divorce settlement that left Bezos firmly in control.
It wasn’t immediately clear how the couple may divvy up their various holdings in companies such as Airbnb and Uber. His Bezos Expeditions venture firm has invested in tech firms, including trucking start-up Convoy and human resources software firm Workday, as well as Business Insider. He has also financed a multimillion dollar project to build a clock that could run for 10,000 years, located on a Texas ranch the former couple owns.
Also undisclosed is how the couple may divide their real estate holdings which include mansions in Bellevue, Wash., and Beverly Hills; the largest private home in Washington, D.C.; the Texas ranch; and multiple condos in New York City; worth tens of millions of dollars in aggregate.
A spokesman for Jeff Bezos didn’t respond to a request for comment. MacKenzie Bezos’s literary agent declined to make her available for comment.
MacKenzie Bezos, author of the 2013 novel “Traps,” was the first to speak on the divorce settlement on Thursday, in what appeared to be a carefully choreographed announcement. The tweet was her first, from an account created this month. Jeff Bezos follows her on Twitter — and nobody else — making it easy to know when her tweet had been made public and to immediately retweet it, as he did, to his 882,000 followers.
Her tweet disclosed the terms of the divorce and added in a personal note, “Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness, and looking forward to the next phase as co-parents and friends… Excited about my own plans. Grateful for the past as I look forward to what comes next.”
— MacKenzie Bezos (@mackenziebezos) April 4, 2019
Jeff Bezos’s tweet echoed hers and praised his ex-wife, saying, “She has been an extraordinary partner, ally, and mother. She is resourceful and brilliant and loving, and as our futures unroll, I know I’ll always be learning from her.”
— Jeff Bezos (@JeffBezos) April 4, 2019
The couple didn’t disclose custody terms of their children on Thursday.
The public exchange of affectionate respect between the couple came after months of awkward revelations about Jeff Bezos’s relationship with a former news anchor, Lauren Sanchez. Their intimate phone-text exchanges and photographs were published by the National Enquirer in January. Bezos later accused the tabloid of attempting to blackmail him by threatening to publish more intimate photos unless he publicly declared the Enquirer’s reporting was not politically motivated.
He responded in the blog post by including copies of Enquirer emails detailing the alleged threat, in the process revealing graphic descriptions of what the images showed. The National Enquirer has said it was engaged in “good faith negotiations to resolve all matters with him.”
MacKenzie Bezos worked in Amazon’s early days as an accountant and helped to negotiate contracts. The two of them met as employees of hedge fund D.E. Shaw in New York City and were married in 1993, about a year before Jeff Bezos founded Amazon as an online bookseller in Seattle, where they settled. She has not had a prominent or public role in Amazon in recent years.
She has been a sometime defender of her husband in public. She wrote a lengthy one-star review on Amazon.com following the release of “The Everything Store” in 2013, saying the book chronicling Amazon’s rise was filled with inaccuracies.