Amazon’s Bezos finalizes divorce with $38bn settlement

The couple announced their plan to divorce in a joint Twitter statement in January. (File/Reuters)
Updated 06 July 2019
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Amazon’s Bezos finalizes divorce with $38bn settlement

  • MacKenzie Bezos will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company
  • Jeff Bezos will retain a 12 percent stake and remain the world’s richest man

SAN FRANCISCO: Amazon founder Jeff Bezos and MacKenzie Bezos finalized their divorce Friday to the tune of a $38-billion settlement, Bloomberg News reported.
Under the agreement, MacKenzie Bezos, 49, will receive approximately 19.7 million Amazon.com shares, giving her a four percent stake in the company valued at $38.3 billion, and landing her at 22nd on the Bloomberg Billionaires Index, the news service said.
A judge in Washington state’s King County finalized the divorce. Jeff Bezos, 55, will retain a 12 percent stake and remain the world’s richest man.
MacKenzie Bezos, a novelist, has said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband as well as voting control of her remaining Amazon stock.
She has also promised to donate half her fortune to charity, joining the ranks of the world’s ultra-wealthy philanthropists as a signatory of the Giving Pledge.
The personal life of Jeff Bezos was thrust into the spotlight with the announcement in January that he and his wife were divorcing after 25 years of marriage and the revelation by the National Enquirer that he had been having an affair with a former news anchor, Lauren Sanchez.
Jeff and MacKenzie Bezos married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.


Why ‘Gone With the Wind’ eclipses both ‘Avengers’ and ‘Avatar’

Updated 22 July 2019
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Why ‘Gone With the Wind’ eclipses both ‘Avengers’ and ‘Avatar’

  • The $402 million taken in by “Gone with the Wind” after its 1939 release places it in a paltry 285th position in raw dollar terms
  • That compares to $2.7902 billion for “Avengers: Endgame,” which this weekend just squeaked past the “Avatar” total of $2.7897

NEW YORK: Even as Disney confirmed Sunday that “Avengers: Endgame” had become the top-grossing movie ever, film historians noted that “Gone With the Wind” still has a strong case for being the most successful film of all time.
The $402 million taken in by “Gone with the Wind” after its 1939 release places it in a paltry 285th position in raw dollar terms. But that ignores the huge role of price inflation over time.
The epic historic romance, set during and after the US Civil War, sold the enormous 215 million tickets in the United States, far and away the record in that category, according to the Internet Movie Database. It’s box office was boosted by seven national releases between 1939 and 1974.
“Gone with the Wind” would have sold $1.958 billion worth of tickets today in the US market alone, based on what the National Association of Theatre Owners says was an average US ticket price in 2018 of $9.11.
Worldwide, and with inflation taken into account, the film would have taken in a stunning $3.44 billion, the Guinness Book of World Records has estimated.
That compares to $2.7902 billion for “Avengers: Endgame,” which this weekend just squeaked past the “Avatar” total of $2.7897.
Consider also that the US population in 1939 was a mere 130 million, roughly 200 million less than today.
For some, however, the success of the epic film — it runs three hours and 58 minutes — is troubling.
With a story line based on the novel by Margaret Mitchell, some historians see it as one of the most ambitious and successful examples of Southern revisionism.
Immediately after the Civil War (1861-1865), there was a broad push in the US South to cast the formerly slave-holding region in a softer light.
Those purveying the so-called “Lost Cause” ideology insisted that the Southern states had fought not to preserve slavery, but because the North was infringing on their political independence.
Yet in their declarations of secession from the Union, the Southern states were clear about their primary motive: the Northern states’ refusal to extradite escaped slaves and their “increasing hostility... to the institution of slavery,” as South Carolina’s declaration stated.
“Slavery is not even a critical issue in the movie,” said Kathryn Stockett, author of “The Help,” about black maids in the South in the early 1960s.
“You have these African-Americans that are working for these white families, and it’s as if it’s just their job... something they chose to do,” Stockett says in the documentary “Old South, New South.”
For Randy Sparks, a Tulane University history professor, “Gone With the Wind” exemplifies the way Southerners were able to impose their version of events.
“There aren’t many cases in history,” Sparks said, “where the losers write the history.”
It was thanks to “Gone With the Wind” that in 1940 Hattie McDaniel, who plays Scarlett O’Hara’s faithful slave “Mammy,” won the first Oscar awarded to a black actress.
But racial segregation was still deeply rooted in Hollywood, as in many parts of American society, and on Oscar night McDaniel had to sit at a small table in the rear of the famed Cocoanut Grove nightclub in the Ambassador Hotel, far from the film’s big stars, Vivian Leigh and Clark Gable.
Producer David O. Selznick had to intervene personally to secure her a room in the Ambassador, which refused to admit black customers until 1959.