FILE - In this March 4, 2018 file photo, Jeff Bezos and wife MacKenzie Bezos arrive at the Vanity Fair Oscar Party in Beverly Hills, Calif. Amazon founder Jeff Bezos and his ex-wife, MacKenzie Bezos, have divided up their stake in Amazon. In a government filing late Wednesday, July 31, 2019, Amazon disclosed that Jeff Bezos now has an 11.8% in the company worth nearly $110 billion after completing the divorce and cashing in some $2 billion worth of stock. (Photo by Evan Agostini/Invision/AP, File)
August 01, 2019 - 10:54 AM
NEW YORK - Amazon founder Jeff Bezos and his ex-wife MacKenzie Bezos have completed their divorce and are divvying up their stake in Amazon, leaving both with a piece of the online shopping giant worth billions.
In government filings late Wednesday, Amazon disclosed that Jeff Bezos' stake in the company was cut to about 12% from 16% after completing his divorce and selling nearly $2 billion worth of stock. His current stake is worth nearly $110 billion. He remains the company's largest shareholder.
MacKenzie Bezos now has a 4% stake in Amazon worth more than $37 billion. She announced in May that she planned to give away at least half her fortune to charity.
Amazon.com Inc. did not respond to a request for comment.
The divorce ends a 25-year marriage that played a pivotal role in the start of the e-commerce company.
Shortly after they married in 1993, Jeff Bezos quit his job at a hedge fund in New York and the two of them took a road trip to Seattle. With his wife at the wheel, Jeff Bezos wrote a business plan for an online book store. By July 1995, Amazon was operating out of a garage.
The Bezoses announced they were divorcing in January, just before the National Enquirer published a story that said Jeff Bezos was having an affair with a former TV host. He later accused the tabloid's publisher of threatening to publish explicit photos of him unless he stopped investigating how the Enquirer obtained private messages between himself and his lover. The National Enquirer denied the allegations.
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News from © The Associated Press, 2019