Is the Amazon boss likely to lose a packet?
Less than a fortnight into the new calendar year and only a few days after ‘Divorce Day’, Amazon founder Jeff Bezos and his wife, MacKenzie, have announced that they are to divorce after 25 years of marriage.
According to the Bloomberg Billionaire Index, Bezos is the world’s wealthiest man with a fortune valued at $137bn, a mere $45bn wealthier than Microsoft founder, Bill Gates.
The head of our family team, Chris Burns, comments ‘As Jeff founded Amazon a year after he married MacKenzie and because this is a long marriage for financial settlement purposes, he will find it difficult to argue successfully that MacKenzie should not be entitled to half of his fortune.
She may well receive $69bn as her divorce settlement and make her the world’s richest woman in the process.
Unusually they have indicated that they see a wonderful future together in many aspects of their lives but no longer as husband and wife.
Perhaps the silver lining of this particular cloud is that they appear to be separating on amicable terms, which is to be encouraged in all cases wherever possible.
Steps are now being taken in the UK to consider the introduction of no fault divorces, a step which is long overdue. At the current time, where spouses have not separated for at least two years, one has to divorce the other on the grounds of adultery or unreasonable behaviour. Requiring such a course of action is much less likely to generate an amicable separation and must be contrary to their overall interests’
For further advice or help with any of the issues raised in this article, please contact Chris Burns.
Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.