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Amazon founder Bezos’ divorce ultimate with $38 billion settlement: report – Reuters

FILE PHOTO: 2018 Vainness Truthful Oscar Social gathering – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and spouse MacKenzie Bezos. REUTERS/Danny Moloshok

(Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos’ divorce from his spouse of 25 years, MacKenzie Bezos, was finalized by a Seattle-area choose on Friday, paving the way in which for her to obtain $38.three billion value of Amazon inventory, Bloomberg reported.

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In April, Amazon, the world’s largest on-line retailer, mentioned in a submitting that 4% of its excellent inventory or 19.7 million shares could be registered in MacKenzie Bezos’ identify after courtroom approval of the divorce.

The couple introduced their plan to divorce in a joint Twitter assertion in January, inflicting some to fret that Jeff Bezos might wind up with lowered Amazon voting energy or that he or MacKenzie would liquidate massive place.

He retains a 12% stake value $114.eight billion and stays the world’s richest particular person, Bloomberg mentioned. MacKenzie Bezos has mentioned she would give him voting management of her shares.

MacKenzie in Could pledged to provide half her fortune to charity to hitch the “Giving Pledge,” a marketing campaign introduced by billionaire Warren Buffett and Microsoft Corp (MSFT.O) co-founder Invoice Gates in 2010.

Reporting by Maria Ponnezhath and Mekhla Raina in Bengaluru; Modifying by Cynthia Osterman

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