MacKenzie Bezos to give half of $37 bn alimony to charity

Image
IANS San Francisco
Last Updated : May 29 2019 | 4:00 PM IST

MacKenzie Bezos, ex-wife of Amazon CEO Jeff Bezos has decided to donate half of her $37 billion worth alimony to investor Warren Buffett's philanthropic campaign -- the "Giving Pledge."

The "Giving Pledge", founded in 2010 by Buffet along with Bill and Melinda Gates, has drawn 204 billionaire pledgers, including WhatsApp Co-founder Brian Acton, Tesla CEO Elon Musk and Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, CBS News reported on Tuesday.

"My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won't wait. And I will keep at it until the safe is empty," 48- year-old MacKenzie wrote in an open letter recently.

The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history entitling MacKenzie Bezos to Amazon stocks worth around $36 billion to $37 billion.

Bezos also gave her ex-husband all of her interests in the Washington Post and Blue Origin, and 75 per cent of their collective Amazon stock along with the voting control of her shares to support his continued contributions to the teams.

Applauding his ex-wife on her donation decision, 55-year-old Jeff Bezos wrote, "MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I'm proud of her. Her letter is so beautiful. Go get 'em MacKenzie," on Twitter.

The former couple announced their split in January after 25 years or marriage.

According to Forbes, Jeff Bezos is the richest man in the world with an estimated fortune of $110 billion, ahead of Microsoft Co-founder Bill Gates and Berkshire Hathaway chairman Warren Buffett, the report added.

--IANS

rp/bc

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2019 | 3:52 PM IST

Next Story