Amazon founder Jeff Bezos and wife divorcing after 25 years

In this file photo taken on April 24, 2018 Amazon CEO Jeff Bezos and his wife MacKenzie Bezos poses as they arrive at the headquarters of publisher Axel-Springer where he will receive the Axel Springer Award 2018 in Berlin. (AFP)
Updated 10 January 2019

Amazon founder Jeff Bezos and wife divorcing after 25 years

  • Jeff Bezos is ranked at the top of most lists of the world's wealthiest people, and his fortune currently hovers around $137 billion

SEATTLE: Amazon CEO and founder Jeff Bezos and his wife, MacKenzie, are divorcing, ending a 25-year marriage that played a role in the creation of an e-commerce company that made Bezos one of the world’s wealthiest people.
The decision to divorce comes after a trial separation, according to a statement posted Wednesday on Jeff Bezos’ Twitter account. He and his wife both signed the announcement, which ended with a vow to remain “cherished friends.”
Left unanswered was one of the biggest sticking points in any divorce: How the assets amassed during the marriage will be divided.
And there may never have been more money than in this case.
Jeff Bezos is ranked at the top of most lists of the world’s wealthiest people, and his fortune currently hovers around $137 billion, according to estimates by both Forbes and Bloomberg. Virtually all of that is tied up in the nearly 79 million shares of Amazon stock (currently worth about $130 billion) that Bezos owns in the Seattle company, translating into a 16 percent stake. Bezos, 54, also owns rocket ship maker Blue Origin and The Washington Post, which he bought for $250 million in 2013.
Because the pair were married before Amazon was founded, it’s likely that MacKenzie Bezos holds a large claim to that fortune, though details hinge on where the couple files for divorce and if they had a prenuptial agreement.
King County, where their home is located, confirmed on Twitter Wednesday that the Bezoses had not filed for divorce in court. The couple own a home in a wealthy Seattle suburb within the county. The Bezoses have four children.
“The property acquired during the marriage is common property,” said Jennifer Payseno, a family lawyer at the firm McKinley Irvin in Seattle. That includes stock ownership, although Amazon has not filed any regulatory documents to suggest Bezos’ stake in the company has changed.
All that power and wealth has magnified the focus on Jeff Bezos, although his divorce seems unlikely to enthrall the public like high-profile breakups among movie stars such as Brad Pitt and Angelina Jolie. Or even those of other billionaires, such as Donald Trump’s tabloid-fodder split with his former wife Ivana in the early 1990s, long before he was elected president.
But the Bezos divorce seems likely to attract more attention than when Google co-founder Sergey Brin — currently worth $49 billion — divorced his former wife Anne in 2015.
The amicable tenor of the Bezoses’ divorce announcement makes it highly likely that the couple already has reached an agreement on how to divide their assets, Payseno said.
Amazon’s origins trace back to a road trip that the Bezoses took together not long after they met in New York while working at hedge fund D.E. Shaw. They got married just six months after they began dating, according to Bezos.
Not long after that, Jeff Bezos quit his job at Shaw and started an online bookstore. While his wife did the cross-country driving, Bezos wrote a business plan on the way to Seattle — chosen for its abundance of tech talent. By July 1995, Amazon was operating out of a garage, with MacKenzie Bezos lending a hand, according to a review she posted on Amazon in 2013 panning “The Everything Store,” a book about Bezos and the company written by Brad Stone.
“I was there when he wrote the business plan, and I worked with him and many others represented in the converted garage, the basement warehouse closet, the barbecue-scented offices, the Christmas-rush distribution centers, and the door-desk filled conference rooms in the early years of Amazon’s history,” she recalled.
Amazon has since evolved from an upstart website selling books to an e-commerce goliath that sells virtually all imaginable merchandise and runs data centers that power many other digital services such as Netflix. It also has become a leader in intelligent voice-activated speakers with its Echo products, which are emerging as command centers for Internet-connected homes — and a gateway to buying more stuff from Amazon.


Solid gold toilet stolen from English stately home

Updated 14 September 2019

Solid gold toilet stolen from English stately home

  • Toilet was created by Italian artist Maurizio Cattelan and estimated to be worth around £1 million
  • A 66-year-old man was arrested following the burglary at Blenheim Palace

LONDON: A gang of thieves on Saturday stole an 18-carat gold toilet from Britain’s Blenheim Palace, police said, causing flooding that damaged the world-famous stately home.
The fully-functioning toilet, dubbed “America,” was created by Italian artist Maurizio Cattelan and estimated to be worth around £1 million.
A 66-year-old man was arrested following the burglary, which took place before dawn at the 18th-century estate near Oxford, southern England.
The toilet was one of the star attractions in an exhibition of Cattelan’s works that opened on Thursday at the palace, a UNESCO World Heritage Site.
Visitors were able to book time slots to use it — but only for three minutes each, to limit the queues.
More than 100,000 people used the loo during the year it was on display at New York’s Guggenheim Museum.
“The offenders broke into the palace overnight and left the scene at about 4.50am (0350 GMT). No-one was injured during the burglary,” police said in a statement.
Detective Inspector Jess Milne of Thames Valley Police said she believed “a group of offenders used at least two vehicles” — and left a mess behind them.
“The piece of art that has been stolen is a high-value toilet made out of gold that was on display at the palace,” she said.
“Due to the toilet being plumbed into the building, this has caused significant damage and flooding.”
Blenheim Palace said it was “saddened by this extraordinary event, but also relieved no-one was hurt.”
It closed on Saturday but said it would reopen on Sunday.

The palace is home to the 12th duke of Marlborough and his family, and was also the birthplace of British wartime leader Winston Churchill.
The duke’s brother, Edward Spencer-Churchill, who founded the Blenheim Art Foundation, said last month he was relaxed about security around the gold toilet.
“It’s not going to be the easiest thing to nick,” he told The Times newspaper.
“Firstly, it’s plumbed in and secondly, a potential thief will have no idea who last used the toilet or what they ate. So no, I don’t plan to be guarding it.”
He added: “Despite being born with a silver spoon in my mouth I have never had a shit on a golden toilet, so I look forward to it.”
Cattelan, who is known for his provocative art, has previously described the golden toilet as “one-percent art for the 99 percent.”
The Guggenheim had offered the loo on loan to US President Donald Trump, but he declined.
The Italian artist’s exhibition at Blenheim runs until October 27 and includes a taxidermied horse hoisted onto the ceiling of an ornate reception room.
Blenheim has previously hosted exhibitions of work by Ai WeiWei, Yves Klein, Jenny Holzer, Michelangelo Pistoletto and Lawrence Weiner.
Police said they were looking at CCTV footage to help them in the search for the gold toilet, adding that nothing else was believed to have been stolen.