News & Opinion | April 4, 2019 2:26 pm

Jeff Bezos and Ex-Wife MacKenzie Announce Divorce Settlement Terms

Bezos will retain 75 percent of the Amazon stock he held with his ex.

Bezos divorce
Jeff and MacKenzie Bezos announced they're getting a divorce. (Greg Doherty/Patrick McMullan via Getty Image)
Patrick McMullan via Getty Image

Under the terms of the divorce settlement they announced Thursday, Jeff Bezos will retain 75 percent of the Amazon stock he held with his ex-wife MacKenzie.

According to the agreement, Bezos will retain all their joint holdings in The Washington Post and space-exploration company Blue Origin. Bezos now also holds the voting power over all the Amazon voting shares the couple previously owned together.

MacKenzie, whose Amazon stake is worth roughly $36 billion, announced the settlement in a tweet, her first.

The settlement makes MacKenzie, a novelist, one of the wealthiest women in the world and places her in the same class of heiresses who own giant stakes in L’Oreal and Wal-Mart.

Set to be officially settled in 90 days, the divorce terms put to rest concerns that Bezos would lose control over the $890 billion company he founded in 1994.

Following the terms being disclosed, Bezos, who remains Amazon’s chief executive and largest shareholder, took to Twitter to express his feelings on the end of this chapter.