Bezoses' Divorce Terms Ease Concern Over Who Controls Amazon

Amazon CEO Jeff Bezos will retain 75 percent of his stock in the company following his divorce from MacKenzie Bezos, according to Bloomberg. The couple announced this on Twitter, eliminating any concern that the split would influence his control over one of the world’s most valuable businesses.

Bezos will continue to be the largest shareholder of the e-commerce giant valued at almost $900 billion as well as gain voting control of his former wife’s remaining shares. Bezos will also maintain ownership of the Washington Post and his space exploration company, Blue Origin.

“Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reach out to us in kindness,“ MacKenzie Bezos wrote on Twitter. “Happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies.“

MacKenzie Bezos retains 4 percent of Amazon, or about 19.7 million shares worth about $35.7 billion, the company said in a filing. That is making her the world’s fourth-richest woman.