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

00:30  12 january  2019
00:30  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

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

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.

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Jeffrey Preston Bezos (/ˈbeɪzoʊs/; born Jeffrey Preston Jorgensen; January 12, 1964) is an American technology entrepreneur, investor, and philanthropist.

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.

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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

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

“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.”

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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

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

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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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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