"Last year, Jeff Bezos said in an interview with his brother Mark at the SummitLA conference that [when he first met MacKenzie, he had been going through a series of blind dates, and] he was looking for a resourceful woman 'who could get [him] out of a third-world prison'...."
From "Amazon CEO Jeff Bezos and wife MacKenzie are divorcing" (CNBC).
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87 comments:
I had to move phrases around in the post text to prevent the misimpression that Bezos is divorcing his wife because he is now looking for a resourceful woman 'who could get [him] out of a third-world prison.' What horrible writing at CNBC!
How's that pre-nup?
Well...what third-world place was it? Did he mean it literally?
No pre-nup needed with this one. This will get quietly done.
So half of $170 billion is $85 billion, and I guess in California that's what she'll get?
Is she cute?
Just asking.
Professor Althouse, i know you've earned a break;
but The World Needs You to go back to school, and teach journalism :)
Chuck Norris had already turned him down.
Is she cute?
Just asking.
She's 85 billion smokin' hot!
Actually she looks good. I'd date her if she was worth only a few million.
Mattman26 said, "Is she cute?"
You be the judge, https://www.businessinsider.com/amazon-ceo-jeff-bezos-divorce-mackenzie-bezos-2019-1
That is some wild cheek-bone action. She's also taller than him, but he did get super-swole in the last 2 years. This could be a case of the 25 year itch. $3.4 billion a year for 25 years his a hell of a compensation package...if I believed marriages involved financial compensation.
Nonapod said...
So half of $170 billion is $85 billion, and I guess in California that's what she'll get?
More important how much does the government get?
MacKenzie Bezos, a 48-year-old novelist...
I'd bet her novels will get some rather amusing reviews on Amazon now.
Two assumptions:
1) Most of Jeff Bezos' wealth is in the form of Amazon stock.
2) Mackenzie Bezos gets her "wifely share" of his holdings.
Result: Mackenzie Bezos will end up owning a share of Amazon that will firmly cement her place as a permanent chairwoman of the board. She will overnight become a major new power player in Amazon management.
Third world is the PC name for shithole counties.
Not much meat on her bones, but I'm sure what there is is Amazon Prime.
Washington, not California, but same difference since they’re both community property states.
Elon Musk is working on a sex robot that could get him out of third world prison.
Wouldn't it be ironic if she was fucking the UPS delivery guy?
He looks like JK Simmons now.
And I'll say that it's not because either one of them let themselves go. They both look more attractive now than when they married.
EDH said, "Wouldn't it be ironic if she was fucking the UPS delivery guy?"
Lol.
Worse. A PRIME contract driver that also delivers her whole foods groceries off GrubHub. Take that Bezos!
"Wouldn't it be ironic if she was fucking the UPS delivery guy?"
Or a porch pirate.
And he caught her because of the glitter in her panties. That shit gets everywhere.
She was involved in the beginning of the business. Where would he be without her? Wherever they cut that fortune, she will be the richest woman in the world.
Guaranteed their divorce will be final on Saturday January 12 if they start in the next 18 hours and 5 minutes. If they're in no rush it will be final on Thursday January 17th and they'll get $5 off their next divorce.
Wherever they cut that fortune, she will still be the richest woman in the world.
FIFY, since the money was already hers as much as his.
This man knows the difference bettween
and asset
and a liability
> Where would he be without her?
Did you read "The Everything Store"?
Hey, Baby, you free Saturday Night?
"Where would he be without her"
Probably still CEO of Amazon, another business called something else, and probably married to someone else, who upon divorce, would now be "the richest woman in the world."
If Amazon didn't make it, does that mean she shares part of the blame for its failure? If they divorced after said failure, that she deserves half of that failure?
How is Amazon's success partly hers because she was there?
This is why I want at-fault marriage back in a HUGE way. If you want to share in the success fine, but I'll be damned if a person doesn't get their share of the failure...especially if they're at fault. Their share of the failure should be nothing.
What the hell do they mean “what he settles on her”? Washington is a community property state. How about “what she settles on him”?
"If we had known we would separate after 25 years, we would do it all again. "
That's a pretty amicable joint statement.
See which one surfaces quicker with a new "partner".
From the many poor reviews on Amazon of her books, she might need food stamps.
"get [him] out of a third-world prison"
Uh, oh. You mean, like, s**hole prisons in s**hole countries? Don't let progs hear of it.
But will she get him out of the prenup? You do have a prenup, right Jeff? Jeff?
"She was involved in the beginning of the business. Where would he be without her?"
"Involved"--right. Of course, the MSM and the business press may be woefully deficient, but since this is the first time I have heard of Mrs. Bezos, I get the vague sense that she wasn't involved in much of anything, businesswise. Without her, he'd be doing what he's doing, creating the most valuable company in the world. Without him, she'd be a nobody who had published nothing of note.
Good time to file. AMZN stock down.
Warren and Susie Buffett lived apart for years. They didn't get divorced for financial reasons. Susie set Warren up with Astrid and she moved into the house. After Susie passed and there was a decent interval, Warren and Astrid got married. Astrid worked either at the French Café or Nouvelle Eve clothing store in the Old Market. That's how Astrid and Susie met.
52 week high: 2,050. Today: 1,659.
The late 40's to 50's is the age of divorce. Just as the early 20's is the age of weddings, and 65 and over, the age of funerals.
Guess he is looking to date younger.
I'd hit that.
By "that" I mean her, of course.
She will be the richest individual in the world.
I’m skeptical this is a genuine divorce and not some tax-planning scheme. Bezos could never dump half his shares in that shit company without the stock taking a dive. But if he just has to sell them in a divorce, the stupid stock analysts won’t even blink.
In 20 years, Amazon will be like Atari. And the Bezos will be living together on an estate in the Caribbean.
Time to dump your shares.
When I was dating my soon-to-be wife, she advised that she didn't believe in divorce and that no matter how irritating or cantankerous or slovenly I got over the decades, she would never leave me.
There was one proviso though -- if I cheated on her, and lied about it, she said she would go full Lorena Bobbitt on me while I slept.
She is a saucy one, that gal.
Bezos (Jeff) has recently been referred to as the world's richest man, when in actuality, Jeff and MacKenzie may have been the world's richest couple.
MacKenzie is now, no doubt, the world's richest single mom.
Wow, they both have incredibly long necks.
"Guess he is looking to date younger."
No, that's what an old coot like you fantasizes about. Remember, Viagra can old do so much for your dilapidated member.
"There was one proviso though -- if I cheated on her, and lied about it, she said she would go full Lorena Bobbitt on me while I slept."
In that case, don't lie to her. We have a president who lies, and cheats on his lovely wife. I wouldn't judge her if she impulsively castrated the son of a bitch.
I read their public statement about the divorce. They mention contrasting personalities, and that he is and needs to be social and attending events, which aren't her thing. It sounds like he truly needs an escort. A woman that can attend such events with him, be at his side for both comfort and to keep every other woman from trying to get their share of $170 Billion, and then leave so he can be with the type of woman he wants caring for his children. However, that's not a public image married couples want to have.
Also the description makes me wonder if they could agree to a trust for all that money that they access to equally and then goes only to their 4 children (or maybe future children).
I wish he was gay. I'm not, but $170 billion is $170 billion.
"She'll be the richest woman in the world."
This mindset fucking disgusts me. Women are squawking about how much she will get, who will represent her, and wow this is the costliest divorce ever. Sickening. This is why men opt out. Because they see this avaricious behavior in women, and it warns them off marriage.
As I mentioned:
https://pagesix.com/2019/01/09/jeff-bezos-has-been-seeing-former-tv-anchor-lauren-sanchez/
So really rich guy and wife decide to amicably divorce. Will Amazon still be there in the morning? Will Jeff still be running it? Will she get a really big settlement? Will I get any of the money?
So yes to all except the last - you and I dont' get any of the money. Sigh.
Trumpit, you really need to stay on your meds.
Anyone know what Bezos's annual income is? Maybe she'll settle for half of that.
@Walter, yep...it appears the truth is out. Another headline out reads, "Meet the woman that cost Bezos $70 billion."
"Cost"
They cost when wifed, cost when divorced, and cost when bought. He didn't buy her with "her half", he just bought her with his lol. The double whammy!
It's no fault divorce breaking up families again.
I just watched The Firm (1993) which was okay except Cruise has a meaningless affair with a woman on the beach without any motivation for it. The film assumes a happily married guy would fall for a honeypot setup, with being a guy being enough.
The #MeToo idea is ruining screenwriting.
The National Enquirer has the story: Bezos Getting Divorce Over Fling With Movie Mogul’s Wife
“Bezos — a self-described “family man” — has been whisking his mistress off to exotic destinations on his $65 million private jet, sending her raunchy messages and erotic selfies — including one steamy picture too explicit to print here — and having secret rendezvous at palatial private estates.
“During a blockbuster four-month investigation, The ENQUIRER tracked Bezos, who turns 55 on Jan. 12, and secret lover Sanchez across five states and 40,000 miles, tailed them in private jets, swanky limos, helicopter rides, romantic hikes, five-star hotel hideaways, intimate dinner dates and “quality time” in hidden love nests.
“Our reporters snapped the braggadocios billionaire and his raven-haired lover, 49, doing the dirty on their spouses together no fewer than six times in 14 days.
“On one occasion they even enjoyed a secret tryst at the very Boston, Mass., hotel the Bezos family stayed at when in town for Parents Day at his son’s MIT campus!”
There should be a cap of one billion dollars on community property. I guess she had something to do with his success, but a billion dollars is generally considered just reward for a supporting role. On the other hand, if Bezos is forced to get by with 85 billion, he'll muddle through. I hope both parties heal and are able to get through this difficult period in their life. ,
Bezos bought MIT for his son?
A better investment than the WaPoo.
Guess who will be the richest women in the world? What an accomplishment for feminism.
She was involved in the beginning of the business. Where would he be without her?
Just a poor lonely splooge stooge probably.
Wherever they cut that fortune, she will be the richest woman in the world.
And she gets it the traditional way for women, by taking it from her husband in a divorce or a will.
How long until someone starts proposing her for president in 2020?
One door closes and another one opens. With the prayers and good wishes of the family and friends, I'm sure they'll be able to overcome this pain.......You know what must really suck: Being one of the wealthiest men in earth and then getting diagnosed with terminal cancer. It happened to Paul Allen and Steve Jobs. For billionaires, there's definitely a life after divorce. Not much life after death though. Even if there is a life after death, I'm not so sure that being a billionaire on earth would give you a leg up in the heavenly mansions.....,,..You know what would be cool: if the ex-wives of Tiger Woods and Jeff Bezos hooked up and had a gay marriage. That would send a powerful feminist message to the men of this world.
The Mrs. Jack Welsh precedent (wife there at the beginning) means that no matter where the divorce takes place she is going to be a very rich woman.
"of GE fame"
Elon Musk is working on a sex robot that can tunnel you out of a third world prison.
Back in the 90s, perhaps, there was a magazine ad, full page in Forbes, that showed a somewhat worse for wear looking guy in a jail cell.
Clearly an executive. Still had a white shirt though torn and dirty.
The caption was "Your marketing VP is in a 3rd world jail and you don't even know why." (From memory)
The advertiser was an insurance company who sold get your people out of jail insurance.
I wonder if that is available through Amazon?
Or he could just talk to Ross Perot. He got his guys out of jail in Iran in 1979.
John Henry
"If we had known we would separate after 25 years, we would do it all again. "
It was apparently a pretty good 25 years.
Not many people/couples get that.
(Coming up on 45, myself)
John Henry
Blogger Ralph L said...
Anyone know what Bezos's annual income is? Maybe she'll settle for half of that.
We had this conversation the other night and I looked it up to be sure. Found it in the 2018 proxy statement.
He makes $89,000 per year in Amazon salary. Yup. $89 thousand. No bonus, no stock options. Hasn't gotten a raise in years and years. Must not be a very good worker.
I had looked at him a few years ago and my recollection is that his total income from Amazon and other sources is in the $3 million/yr range. But I could not find that the other night.
His 120bn in Amazon stock pays no dividend so no income there.
AOC hardest hit.
John Henry
Net worth isn't fungible. Plus Bezos would have trusts up the wahzoo to shield liability. He would have established trusts for his wife and children in case of his death. It's more than likely that distribution was agreed on and allocated once they reached a given net worth. MacKenzie may be an equity investor and/or holding a considerable block of AMZN preferred in trust(s).
Grantors don't have access to irrevocable trusts, otherwise they could be pierced. The grantor, having transferred assets into the trust, effectively removes all of their rights of ownership to the assets and the trust.
Ironically, the poor have nothing to split and the rich have legions of lawyers, it's the middle class that take it in the shorts.
He doesn't make much money
Only five thousand per
Some judge who thinks he's funny
Says, 'You'll pay six to her'
He says, 'Judge, suppose I fail'
Judge say, 'Bud, right into jail
You'd better keep her', yeah, I think it's cheaper
than makin' whoopee.
- Walter Donaldson & Gus Kahn 1928
Any assets brought into the marriage should stay with the person who brought them. Any assets accumulated during the marriage should be split 50-50.
Since they had next to nothing when they got together, she deserves her half.
Looks like ol’ Jeff got rich and got himself a young, hot Latina. Sh** happens.
Oh, no. What a fool. He's ended the only real marriage he'll ever be able to have. He'll never be able to be sure that any romantic relationship he has isn't based on gold-digging. How sad.
Someone I know who suddenly became successful said, "The friends I have right now are it until I die. No new close friends." Success can be isolating. It tangles other people's motives.
Success quite likely messed with the real marriage they had.
Not wise to call him a fool without knowing more.
"If we had known we would separate after 25 years, we would do it all again. "
I'm sure she feels that way - marry a not very wealthy man, knowing that when you divorce you will be the richest woman in the world? I think I would "do it all again" as well.
And you aren't "separating" Mrs. Bezos - you are divorcing. Some PR flak/lawyer team wrote this one up.
Amazon has ruined the Seattle I grew up in - I wish them nothing good.
BJM:
Maybe they could split it this way:
Jeff gets all the common stock. It's common, who would want it anyway?
In exchange, McKenzie gets ALL the preferred stock. Preferred is sort of like elite, right? So much classier.
(And, since Amazon has no preferred stock, Jeff would really make out)
John Henry
Don't tell me this is horrible equivalency, I know that.
Here in this town, a guy started a tire store from scratch, added mechanics to do breaks a such. I short built a nice profitable and growing business. Divorce happened. His wife got the shop he built in the divorce. She is still running it 20 years later.
Maybe Bezos loses his shop in the divorce
"Not wise to call him a fool without knowing more."
True. Good point.
I'm with Ann on this one. Where would he be without her? He started Amazon and married her at the same time - the increase in value in Amazon during their marriage is community property. See https://www.legalmatch.com/law-library/article/community-property-law-in-washington-state.html. She's entitled to 1/2 of that increase in value.
Amazon has ruined the Seattle I grew up in
Non Amazon lefties helped.
The friends I have right now are it until I die. No new close friends." Success can be isolating
That's sad thinking. It's only isolating if you allow it to be. We've had clients with 10 figure divorces and they've moved on in love and relationships. Sometimes the new people are independently wealthy themselves, sometimes not.
Try your economic peers first?
So many witty comments earlier in the comment thread .... too many to single out for praise.
Why would any man marry, given this? Given his alleged affair, he is a skunk and deserves the legal thumping he is going to get in court.
I agree that marriage is a partnership and even if she didn't directly do squat in regards to Amazon and his other properties, her contribution is equal in the eyes of the law. I support community property states...I wish Florida was. In my divorce back in 2002, the judge awarded our almost-fully-paid-off house to my ex.
Wouldn't it be wonderful if he had to give her the Washington Post in the divorce and she turned it into a fair and unbiased newspaper? And it earned money?
THEOLDMAN
So his escort was Lauren Sanchez, who is also married. I'm not saying Trump got an in kind donation from the National Enquirer, but I'm sure Trump isn't upset that Bezos is now having to answer question about his marital infidelity.
If a man with a $1.6 million security budget can't wake up to the shocking news of his wife's tragic and untimely demise, he's either not using the right people, or things are very, very amicable i.e. there's a pre-nup.
"'If we had known we would separate after 25 years, we would do it all again.'
"That's a pretty amicable joint statement.
See which one surfaces quicker with a new 'partner.'"
He is already involved with someone else.
"Try your economic peers first?"
That's good advice. Of course, it also depends on the type of success. If it involves the element of glamour, it's a trickier path to navigate because economic peerage makes little difference. Glamour is especially strange as a motivator because, at base, it is an illusion.
@John Henry, was that tone necessary?
Yes, Amazon converted Preferred to common, and that was sloppy writing on my part. Bezos began to meet with friends and family in 1994 asking for an investment of $50k each in start up funding. This included Bezos' parents who invested $245,573 in Amazon in 1995. The twenty original Angels were awarded unregistered Series A Preferred which converted when Amazon proffered the first tranche of Common. Shortly thereafter the stock split 4-1. If the elder Bezos kept their holdings, their shares could be worth $30 billion today. Since they donated 600,000 shares to create The Bezos Foundation it is thought that they still have a considerable holding. Perhaps not.
In 96-97 Amazon issued Series A Preferred in private placements which as you know are not registered.
A sample from Amazon's S-1 in March 1996:
II-2
6. On June 21, 1996, the registrant issued 569,396 shares of Series A Preferred Stock, which are convertible into 3,416,376 shares of Common Stock, to two investors for a consideration of approximately $14.05 per share of Series A Preferred Stock, or an aggregate of $8,000,014. The foregoing purchases and sales were exempt from registration under the Securities Act pursuant to Section 4(2) thereof on the basis that the transactions did not involve a public offering.
7. In January and February 1997, the registrant issued an aggregate of 5,000 shares of Series A Preferred Stock, which are convertible into 30,000 shares of Common Stock, to two investors for a consideration of $40.00 per share of Series A Preferred Stock, or an aggregate of $200,000. The foregoing purchases and sales were exempt from registration under the Securities Act pursuant to Section 4(2) thereof on the basis that the transactions did not involve a public offering.
There is no way of knowing what Jeff may have settled onto MacKenzie in unregistered stock or from his private investment portfolio...unless the divorce turns nasty. Then as the song goes "somebody's going to lose a double wide".
"Not wise to call him a fool without knowing more."
Yep, MacKenzie could have been doing the horizontal Mambo with the pool guy.
If the split is amicable, this could be the gossip cliffhanger of 2019.
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