Economy

Jeff Bezos finalises divorce, keeps 75 percent of Amazon shares

Jeff Bezos finalises divorce, keeps 75 percent of Amazon shares

After fears of a possible boardroom battle in Amazon following Jeff Bezos' divorce to his long-time wife, MacKenzie Bezos, the couple has finally made an announcement that put those fears to rest. Bezos is almost tied with the third woman on the list, Jacqueline Badger Mars of the Mars candy company family, who has a net worth of $37 billion; some estimates of Bezos's 4% stake place that value closer to that number.

Also, Jeff's adviser Gavin De Becker said in a separate statement that Saudi Arabian officials, disappointed with the coverage of the tragedy surrounding Jamal Khashoggi, got "access to Bezos' phone" as retaliation. "And am very much looking forward to our new relationship as friends and co-parents".

Amazon's stock market value is worth $890.7bn, which means MacKenzie Bezos retains a stake worth more than $35bn. While shares of the e-com major dipped less than 1 percent following the news, Bezos still maintains his wealthiest man status as MacKenzie takes a place among the richest women in the world.

According to a filing with the U.S. Securities and Exchange Commission (SEC), MacKenzie will retain shares representing about 4 percent of Amazon's outstanding common stock.

When news first broke that Jeff and MacKenzie Bezos were getting a divorce, many thought that the split would see MacKenzie surpass L'Oréal heiress Françoise Bettencourt Meyers as Mrs Moneybags.

Said settlement has finalised earlier this week, with Mackenzie Bezos taking to Twitter to disclose some of the details.

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"Excited about my own plans", she added.

Jeff and MacKenzie Bezos announced their separation in January and posted Twitter messages on Thursday revealing the divorce settlement.

It was gathered that the couple who tied the knot in 1993 and are parents to four children have agreed to the divorce settlement which now places Mackenzie as the world's third-richest woman and still leaves Jeff in the position of the world's richest man, according to Forbes.

A source told PEOPLE in January, Bezos and MacKenzie "grew apart without even knowing it".

The Enquirer published a story last month that included lurid texts between Bezos and former TV anchor Lauren Sanchez. Bezos subsequently accused the tabloid of attempting to blackmail him by threatening to publish more intimate photos. The company started by Mr Bezos in 1994 has interests in e-commerce, publishing, artificial intelligence, cloud computing and lately space.