Jeff Bezos Wife Expected to Get $68 - $70B Settlement from Divorce.January 11, 2019
Jeff Bezos is said to be divorced by his wife MacKenzie Bezos and the settlement is said to possibly be one of the highest in history.
The Amazon CEO announced this week that he and his wife MacKenzie is starting to seek a divorce. The two were first married in 1993 and have four children. Bezos had founded the company in 1994, just a year after his marriage.
Bezos is without a doubt considered to be the world's wealthiest man, with an estimated net worth of $112B. Bezos and his wife did not have a prenuptial agreement with Mackenzie.
This brings us into the knowledge that if the two are divorced, Mackenzie will become the wealthiest women in the world easily.
There are two main approaches to dividing up marital property in the United States: “equitable division” and “community property.”
Most states utilize the common law, “equitable distribution” approach, where the default position is that each spouse holds their property during the marriage separately. Well Bezos and his wife reside in Washington, which is one of a handful of states that utilize the "community property" approach. Each spouse has an interest in the community property, and there is no separate spousal property. All property acquired after the date of the marriage is presumptively community property, regardless of how it is treated during the marriage. A spouse who wants to overcome this presumption has the burden of showing by clear and convincing proof that a specific piece of property falls within an exception to the rule.
Washington courts may not consider any allegations of marital misconduct when distributing property. That means that a spouse’s “immoral or physically abusive conduct within the marital relationship” will not generally affect the distribution by the court. A Washington trial court that inherits the Bezos case has to value the assets of a couple whose net worth reportedly exceeds that of Iceland, Tunisia, Jamaica, and Estonia combined, all while an understaffed court manages the rest of its overflowing docket.
The ultimate question is will MacKenzie Bezos get half of everything including the fortune. It seems that this may the likely case. The court objective is to place the parties in "roughly equal financial positions for the rest of their lives." This means that not only will Mackenzie get have of the assets but also half of his fortune.
It must be noted that the whole divorce between Bezos and his wife came up because Bezos was reportedly cheating with Lauren Sanchez. Sanchez was a former TV anchor and wife of Patrick Whitesell, powerhouse Hollywood agent for the likes of Christian Bale, Matt Damon, Hugh Jackman, rand more A-listers.
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Reporting: Mina Minehle