MacKenzie Bezos cedes control of Amazon in divorce deal
Her remaining stake in Amazon is valued at $36bn
MacKenzie Bezos, the former wife of Amazon.com founder and CEO Jeff Bezos, will give 75% of their stake in the company and all voting rights to the billionaire entrepreneur as part of their divorce settlement. The announcement resolves questions about the direction of the world's largest online retailer that have abounded since the couple announced their divorce in January. Jeff Bezos, widely viewed as a management guru whose long-term focus has been essential to Amazon's meteoric stock rise, will retain company control. The settlement also suggests that Amazon will be spared the kind of boardroom battle that has plagued other companies whose owners are dealing with family rifts. "Happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75% of our Amazon stock," MacKenzie Bezos said in the tweet.
The agreement still leaves MacKenzie Bezos with vast wealth. Her remaining stake in Amazon, valued at roughly $36bn, is worth more than the stock market...
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