Jeff Bezos and his longtime wife, MacKenzie Bezos, have reached a settlement for their divorce-resolving any lingering questions about how the split might impact the financial status of the richest man in the world.
Bezos will retain 75 percent of their jointly-owned Amazon stock, and all of their interests in the Washington Post and Blue Origin, an aerospace and spaceflight company. That leaves MacKenzie with 4 percent of Amazon’s outstanding shares, totaling $35.6 billion in Amazon stock, per CNBC (although she ceded her voting rights to Jeff). This will reportedly make her the fourth-richest women in the world-and for his part, Bezos is still the world’s richest man. According to Forbes, his net worth is still north of $110 billion.
With that figure, Bezos is still more than $10 billion ahead of Microsoft co-founder Bill Gates, the current second-richest person in the world, who Forbes estimates is worth $99.5 billion.
Gates had been at the top of the Forbes ranking for 18 out of the past 24 years, but Bezos is a newer addition, first appearing on the list in 1998, one year after Amazon went public. At that time, the company was worth about $1.6 billion, only a fraction of Bezos's current personal wealth. As of 2016, the CEO reportedly sold about $1 billion worth of Amazon stock each quarter.
Gates obtained most of his wealth from Microsoft, and he owns just over 1 percent of the company’s stock. In August 2010, Gates, alongside Berkshire Hathaway CEO Warren Buffet, created the Giving Pledge, which encourages billionaires to give at least half of their wealth to charitable donations. By the end of 2016, Forbes noted, Gates had given away more than $31.1 billion over the course of his lifetime.
Though Bezos has not signed the pledge, the Amazon founder had given approximately $100 million to charity by the end of 2015.
In September 2018, he also shared plans to launch the Bezos Day One Fund. His Instagram post announcing the initiative reads, in part, "[The fund] will begin with a commitment of $2 billion and focus on two areas: funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one preschools in low-income communities."
Read it all here:
('You Might Also Like',)