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MoneyWhat’s Next in Jeff Bezos’ $137 Billion Divorce — and Why It Could Even Affect the U.S. Economy

03:05  12 january  2019
03:05  12 january  2019 Source:   people.com

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Bezos , 54, is worth $ 137 billion , according to the Bloomberg Billionaires Index, a ranking of the world’ s 500 wealthiest people. He owns about 16 percent Washington state also mandates a 90-day cooling off period between the day a couple initially files for divorce , and the soonest it can be finalized by a

Today, Jeff Bezos is worth $ 137 billion , making him the richest person in history. "As our family and close friends know, after a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends," the couple wrote in the statement issued via Twitter.

What’s Next in Jeff Bezos’ $137 Billion Divorce — and Why It Could Even Affect the U.S. Economy © Kevin Mazur/Getty What’s Next in Jeff Bezos’ $137 Billion Divorce — and Why It Could Even Affect the U.S. Economy

Because of the enormous amount of money involved, Jeff Bezos‘ divorce from wife MacKenzie is not only complicated and expensive — it could even have an impact on the U.S. economy.

The Amazon CEO, 54, who is now the richest man in the world with an estimated net worth of $137 billion, and his wife MacKenzie, 48, announced Wednesday that they would be splitting after 25 years of marriage, and experts say their decision has huge financial ramifications.

Included in Bezos’ $137 billion estimated net worth are a multi-million dollar real estate portfolio, various charitable gifts and foundations and about 16 percent of Amazon’s stock, all of which will most likely need to be divvied up — in half, if the couple did not have a prenuptial agreement as has been reported.

Amazon founder Jeff Bezos announces divorce on Twitter

Amazon founder Jeff Bezos announces divorce on Twitter Amazon founder and CEO Jeff Bezos said he and his wife MacKenzie have decided to divorce after 25 years of marriage. 

Jeff and MacKenzie Bezos may split his $ 137 billion fortune in half when they divorce — here' s what typically happens when billionaires break up. This means Bezos may have to sell stock, which could affect his control of Amazon, according to a CNBC report. When billionaires like Bezos get divorced

Jeff and MacKenzie Bezos announced this week they would be getting divorced after 25 years of marriage. Jeff Bezos posted Wednesday on his Twitter account that he and his wife would be splitting The Bezoses met even before Amazon launched, and with reportedly no prenup in place

How the couple divide the Amazon stock has major ramifications for the massive company, whose overall stock is worth about $800 billion.

“It’s a question of how they will distribute the assets without altering or affecting adversely the value of Amazon,” says Marilyn Chinitz, a New York-based divorce attorney who is not associated with the case. The couple, she says, “will not want to do anything — not only for themselves, but also for the public — that will tank a major company in the U.S. economy.”

The pair could work out a plan to hold onto the stock together.

How the Bezos divorce could impact Amazon shareholders

How the Bezos divorce could impact Amazon shareholders Lawyers and academics weigh in on how Jeff and MacKenzie Bezos' divorce could impact Amazon's stock and business.

Net worth. US $ 137 billion (January 2019)[2]. Title. Chairman, CEO, and President of Amazon. On January 9, 2019, Jeff Bezos and his wife since 1993, MacKenzie Bezos , announced plans to divorce after a Bezos is the maternal grandson of Lawrence Preston Gise, a regional director of the U . S

Amazon CEO Jeff Bezos and his wife, MacKenzie Bezos , have said they will divorce . Their separation of assets could affect the Amazon CEO' s ranking Jeff Bezos currently sits atop the list of the world' s richest people with a fortune of $ 137 billion . If MacKenzie Bezos acquires exactly half of that

“My intuition is that they will end up holding the stock as a unit because they can vote together more powerfully and they will both have decision-making rights,” says L.A.-based family law attorney Steve Mindel, who is not involved in the proceedings. “Then there will be some system for if they can’t both agree, a tie-breaker or board of directors who will meet and vote in favor of either party.”

Chinitz agrees. “They are smart enough to know they want to continue to grow Amazon and not dilute the interest and not dilute his control in the company,” she says. “I suspect they will work out an intellectually honest and fair agreement that will allow the company to continue to flourish. And I would suspect that she will not be inclined to push for a settlement that would make him sell his shares. I think they will do it in a careful way that will maximize value and that does not put a diminished valuation on the stock.”

With $137 Billion at Stake, Jeff and MacKenzie Bezos to Divorce

With $137 Billion at Stake, Jeff and MacKenzie Bezos to Divorce Amazon.com Inc. founder Jeff Bezos and his wife MacKenzie are divorcing after a relationship that started at a New York hedge fund and is ending a little more than a year after he became the world’s richest person. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” the pair tweeted on Wednesday. While Wall Street took the announcement in stride, investors will be watching to see if the divorce settlement affects Bezos’s control of Amazon.

Bezos , 54, is worth $ 137 billion , according to the Bloomberg Billionaires Index, a ranking of the world’ s 500 wealthiest people. He owns about 16 percent Washington state also mandates a 90-day cooling off period between the day a couple initially files for divorce , and the soonest it can be finalized by a

Amazon CEO Jeff Bezos and his wife, MacKenzie, are divorcing , ending a 25-year marriage that played a role in the creation of an e-commerce company that made Bezos one of the world' s wealthiest people.The decision to divorce comes after a trial separation

So far, there’s no sign that the Bezoses’ divorce will be contentious. “If we had known we would separate after 25 years, we would do it all again,” they wrote in a statement on Twitter, adding they would “remain cherished friends” — though news quickly broke that Jeff Bezos has been dating former news anchor Lauren Sanchez, 49.

“It’s likely an uncontested, amicable divorce, it’s just you have layers and layers of people signing off on it,” says L.A.-based tax attorney Bruce Givner. “I’m guessing [MacKenzie] doesn’t contest the control of the business. If she said ‘No, I can run this business better,’ we would have a different story.”

Amicable or no, the division of their impressive assets will requite a lot of lawyers.

“It’s going to take an intense legal team,” says Mindel. “You’re going to have a corporate legal team, the family law legal team, the estate planning legal team, a tax legal team, this requires a minimum of 6 to 20 attorneys on each side of the table. ‘Half’ is going to be an interesting term.”

–with reporting by Liz McNeil

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Jeff Bezos' wife could become world's richest woman after divorce

Jeff Bezos' wife could become world's richest woman after divorce Billionaire couple Jeff Bezos and MacKenzie Bezos are getting divorced after 25 years of marriage, sparking immediate speculation as to how their massive fortune will be divided. The Amazon CEO is worth $137 billion, making him the richest man in the world. But depending on how the couple end up splitting their assets, he could be toppled from that position and MacKenzie Bezos could gain the title of world's richest woman. Jeff and MacKenzie live in Washington state, one of nine states where everything acquired throughout the marriage — from real estate to income — is considered joint property.

Jeff Bezos has announced he and his wife are divorcing and a record $ 137 BILLION is on the line. Bezos said on Twitter that -- after what he called a Bezos , who is 54, made it clear the divorce is amicable, saying, "We feel incredibly lucky to have found each other and deeply grateful for every one

What do you make of the statement released by Bezos on Twitter? Could this jeopardize Bezos ’ s position as the richest man in the world? Depending upon how diversified he is, it could involve throwing her more of some other assets and less of Amazon.

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Very wealthy people are often targets for criminal hackers, tabloids and rivals, but there are steps anyone can take to avoid exposing sensitive personal and business communications. Watch your passwords, download a secure messaging app and make sure the other party you're texting with is on board. Secure texting shouldn't be viewed as something "shady" -- it's needed for everything from sharing confidential business plans to responding to breaches. © Provided by CNBC LLC Amazon CEO Jeff Bezos.

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