Jeff Bezos and Wife MacKenzie Bezos to Divorce
Posted on January 9, 2019
Jeff Bezos and his wife of 25 years, MacKenzie Bezos, announced that they will be divorcing. The couple has four children. Bezos is the wealthiest man on the planet, with a fortune of $160 billion. The extent of their marital estate is not widely known. It will have to be determined by the Court or by an agreement of the couple.
Reuters interviewed Liat Sadler about the impending divorce in Jonathan Stempel and Jeffrey Dastin’s January 9, 2019 article, “Amazon CEO Jeff Bezos and wife MacKenzie to divorce“:
Liat Sadler, a San Francisco matrimonial lawyer, noted that spouses owe a fiduciary duty to one another.
“They have duties not to waste or devalue marital resources, and to keep the value of marital property as high as possible,” she said. “I don’t think there is an issue of concern for shareholders as to what will happen to Amazon because of the divorce.”
Sadler said the main options facing the couple regarding Amazon stock were for Jeff Bezos to buy out his wife or for MacKenzie Bezos to retain shares.
“If she trusts that he would manage Amazon well, either he should pay her for her share of the stock, or they could enter a more complicated agreement where she keeps stock and he keeps voting rights,” she said.