Amazon’s Bezos finalizes divorce with $38bn settlement

The couple announced their plan to divorce in a joint Twitter statement in January. (File/Reuters)
Updated 06 July 2019

Amazon’s Bezos finalizes divorce with $38bn settlement

  • MacKenzie Bezos will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company
  • Jeff Bezos will retain a 12 percent stake and remain the world’s richest man

SAN FRANCISCO: Amazon founder Jeff Bezos and MacKenzie Bezos finalized their divorce Friday to the tune of a $38-billion settlement, Bloomberg News reported.
Under the agreement, MacKenzie Bezos, 49, will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company valued at $38.3 billion, and landing her at 22nd on the Bloomberg Billionaires Index, the news service said.
A judge in Washington state’s King County finalized the divorce. Jeff Bezos, 55, will retain a 12 percent stake and remain the world’s richest man.
MacKenzie Bezos, a novelist, has said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband as well as voting control of her remaining Amazon stock.
She has also promised to donate half her fortune to charity, joining the ranks of the world’s ultra-wealthy philanthropists as a signatory of the Giving Pledge.
The personal life of Jeff Bezos was thrust into the spotlight with the announcement in January that he and his wife were divorcing after 25 years of marriage and the revelation by the National Enquirer that he had been having an affair with a former news anchor, Lauren Sanchez.
Jeff and MacKenzie Bezos married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.


Weak Arctic ice sees 56 polar bears descend on Russian village

Updated 13 min 31 sec ago

Weak Arctic ice sees 56 polar bears descend on Russian village

  • The WWF said 56 polar bears had gathered in a one-square-kilometer area near the village of Ryrkaipy in Chukotka
  • There were concerns they could enter the village, home to fewer than 1,000 people, and patrols had been set up to monitor their movements

MOSCOW: More than 50 polar bears have gathered on the edge of a village in Russia’s far north, environmentalists and residents said, as weak Arctic ice leaves them unable to roam.
The Russian branch of the World Wildlife Fund said climate change was to blame, as unusually warm temperatures prevented coastal ice from forming.
The WWF said 56 polar bears had gathered in a one-square-kilometer (0.4-square-mile) area near the village of Ryrkaipy in Chukotka on the northeastern tip of Russia.
There were concerns they could enter the village, home to fewer than 1,000 people, and patrols had been set up to monitor their movements.
“The number of human and predator encounters in the Arctic is increasing,” the WWF said in statement.
“The main reason is the decline of sea ice area due to the changing climate. In the absence of ice cover, animals are forced to go ashore in search of food.”
Residents had gathered walrus carcasses in the area to try to keep the bears from wandering into the village.
“We have created a feeding point with walrus carcasses that we gathered along the coast,” Tatyana Minenko of the local “Bear Patrol” told news agency RIA Novosti.
“As long as there is no big freeze, the sea ice will not form and the bears will stay on the coast,” she said.
Russia’s weather service said temperatures in the region should fall from Saturday and that coastal ice should freeze by December 11.
Polar bears regularly visit areas inhabited by humans in Arctic Russia to search for food, often in rubbish tips.
But the number of visits has been growing as the melting of Arctic ice from climate change forces the bears to spend more time on land where they compete for food.