Although the founder, chairman, CEO, and president of Amazon is now listed as the most wealthy man in the world, Jeff Bezos is reportedly set to lose a huge fraction of his fortune due to his impending divorce from his wife of 25 years.
Meanwhile, Jeff and his wife of 25 years, MacKenzie, made it clear in their statement that they had been separated for a "long period".
Following the news that Jeff Bezos is set to divorce his wife, MacKenzie, after 25 years of marriage, the couple has chose to release a public statement. Virtually all of that is tied up in the almost 79 million shares of Amazon stock that he owns. The couple originally met as colleagues at NY hedge fund D.E. Shaw.
Fortune noted on Wednesday that Bezos" divorce could "remove the "world's richest man' title from Bezos' resume".
Sanchez and Bezos reportedly became close after he hired her to shoot aerials for one of his projects.
Bezos and his wife, MacKenzie, announced they were scuttling their 25-year marriage on Wednesday. She has a teenage son from her first marriage to former National Football League player Tony Gonzalez.
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However, Bezos' wife, MacKenzie, knew the two were dating, the Post quotes an unnamed person close to Bezos as saying.
A source told the magazine that Sanchez and her husband had been officially separated since fall.
No information is available on how the couple are dealing with the financial implication of the divorce.
"It's unlikely there's any risk to the company", said Stuart Slotnick, chairman of the matrimonial department of law firm Buchanan Ingersoll & Rooney in New York City.
Even if MacKenzie Bezos should eventually depart with half of Bezos' wealth, valued at US$137 billion (NZ$202 billion) atop Bloomberg's Billionaires Index, the Amazon founder would remain among the top four most wealthy. "I'm in the process of converting my Amazon lottery winnings into a much lower price of admission so we can go explore the solar system".
Even if Bezos were exempted from filing a Form 4, he would be required to update promptly the record of his Amazon holdings on file with the SEC if his position in the company changed by 1 per cent or more, said D.C. securities lawyer Thomas Gorman.