Friday, March 29, 2024
ADVT 
International

Amazon CEO Jeff Bezos Settles For $36 Bn Divorce Deal, To Keep 75% Of Couple's Amazon Stock

Darpan News Desk IANS, 05 Apr, 2019 08:55 PM

    With Amazon CEO Jeff Bezos agreeing to a divorce settlement on Thursday, his ex-wife, MacKenzie Bezos, is set to own about four per cent of the company's common stock, a stake worth roughly $36 billion.


    In a tweet on Thursday, MacKenzie Bezos said she would keep 25 per cent of the couple's Amazon stock, which should give her a four per cent stake in the company, CNN reported on Friday.


    "Happy to be giving him all of my interests in the Washington Post, Blue Origin (private space company) and 75 per cent of our Amazon stock plus voting control of my shares," she tweeted.


    Replying to his ex-wife, Jeff Bazos tweeted that he was "grateful for her support and for her kindness in this process."


    If MacKenzie Bezos decides to sell her shares in Amazon, the buyer would have to enter into an agreement with Jeff Bezos to grant him the rights to vote those shares, according to the filing with the Securities and Exchange Commission, the report said.


    The pair first announced plans to separate in January following reports of Jeff Bezos cheating on his wife, claims that he denied later.


    The net worth of Jeff Bezos after Amazon took off is estimated to be around $150 billion.

    MORE International ARTICLES

    Many Injured At US Rapper Nipsey Hussle's Vigil

    Multiple people has been reported injured during a memorial service held for slain US rapper Nipsey Hussle, the police here said, adding most injuries were caused due to panic.

    Many Injured At US Rapper Nipsey Hussle's Vigil

    Pakistan: Wife Accuses Husband In A Viral Social Media Video Of Beating And Shaving Her Head

    A woman in Lahore's Defence area has accused her husband of subjecting her to torture after she refused to dance in front of his friends.

    Pakistan: Wife Accuses Husband In A Viral Social Media Video Of Beating And Shaving Her Head

    Pakistan Could Be Blacklisted By Fatf Due To ‘Lobbying By India’, Says Shah Mahmood Qureshi

    The FATF is working to curb terrorism financing and money laundering and has asked Pakistan to reassess the operation of banned terrorist outfits in the country.    

    Pakistan Could Be Blacklisted By Fatf Due To ‘Lobbying By India’, Says Shah Mahmood Qureshi

    Man In Pakistan Arrested For Putting Wife At Stake In Gambling

    Man In Pakistan Arrested For Putting Wife At Stake In Gambling
    The police arrested a man for allegedly putting his wife at stake in gambling, losing it and forcing her to go with his contestants for a night.

    Man In Pakistan Arrested For Putting Wife At Stake In Gambling

    Pakistan's Islamabad High Court To Probe Hindu Girls 'Forced' Conversion

    A bench headed by Justice Athar Minallah heard the petition filed by the girls -- Reena, Raveena and their husbands Safdar Ali and Barkat Ali -- seeking protection, Geo News reported.    

    Pakistan's Islamabad High Court To Probe Hindu Girls 'Forced' Conversion

    3 Indian Citizens Apprehended In US For Being Involved In Smuggling Attempt

    3 Indian Citizens Apprehended In US For Being Involved In Smuggling Attempt
    Three Indian citizens have been apprehended by US Border Patrol officials for being involved in a smuggling attempt near Hogansburg in upstate New York.

    3 Indian Citizens Apprehended In US For Being Involved In Smuggling Attempt