Amazon.com Inc founder and Chief Executive Officer Jeff Bezos will retain voting...
- Amazon.com Inc founder and Chief Executive Officer Jeff Bezos will retain voting rights and 75 percent of a $143 billion stake in the company when he and MacKenzie Bezos divorce, they said on Thursday, removing uncertainty around what the split would mean for Amazon shares.
MacKenzie Bezos also said she will give up her interests in the Washington Post, a frequent target of criticism from U.S. President Donald Trump that Jeff Bezos bought in 2013, and the rocket company Blue Origin he founded in 2000. Jeff Bezos will keep sole voting authority over the shares unless MacKenzie donates them to a nonprofit or sells them in the open market. The divorce is expected to be finalized in about 90 days, the filing said.Jeff Bezos, 55, is seen as essential to Amazon’s meteoric growth and stock price rise since he founded the company as an online bookseller in 1994. He has credited MacKenzie, 48, for her support when he uprooted the young couple to Seattle from New York to launch Amazon.
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, even though the divorce had jolted the once private Bezos couple into the public spotlight. The U.S. tabloid then published alleged photos and intimate text messages between Bezos and his new partner, former television news anchor Lauren Sanchez.Jeff Bezos in February had said the tabloid was trying to blackmail him unless he said in public that the American supermarket tabloid’s reporting on him was not politically motivated.
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