Because a rich chic just became eligible, and we all know she will be trolling BBI looking for a meaningful relationship with someone whom will help her spend it.
Her 2005 debut novel The Testing of Luther Albright won an American Book Award. The same year she took a self-imposed hiatus from writing to raise four children with Jeff. After five years off, she began working on her second novel, Traps, which spans four days and four women trapped by their situations in life.
Seriously. If he had to split the money 50-50, he'd still have more money than he could ever spend. By my calculations, if he had $68.7 billion and lived 40 more years (he's 54), he'd have to spend $4,705,479 per day to spend all of it, and that's if the principal didn't appreciate.
If he got 5% return on that money, compounded annually, it'd end up being worth close to half a trillion dollars in 40 years.
So yeah, he's not going to be checking the couch for loose change or anything, regardless.
Seriously. If he had to split the money 50-50, he'd still have more money than he could ever spend. By my calculations, if he had $68.7 billion and lived 40 more years (he's 54), he'd have to spend $4,705,479 per day to spend all of it, and that's if the principal didn't appreciate.
If he got 5% return on that money, compounded annually, it'd end up being worth close to half a trillion dollars in 40 years.
So yeah, he's not going to be checking the couch for loose change or anything, regardless.
I read somewhere recently (in the past 3-4 months) that his net worth is growing at a rate of $30 million a day. Sounds crazy but that's actually about $11 billion a year, so it might be right.
I doubt she will want just half his current net worth. If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
No idea if this is correct or not, but net worth growth of >$215 million a day is insane and him giving up half of it would not even dent his overall wealth.
The amount of money is functionally abstract to... Â
him at this point. There is nothing he can’t do or buy whether he has $100 Billion or $25 Billion, unless it is in the degree to which he can give it away. So, it effectively means nothing to him to pay her however many billions they agree to. After a certain point, the money is nothing more than a meaningless concept. And the kind of talent he’ll be able to attract as her replacement should make it well worth it.😀
No matter how you cut it they both have more spending power than god and can live whatever life they want married or separated.
Yes they could remarry, but both will have so many billions, that prenups and all that crap would be prohibitive.
Does she really want 60 billion? Whats she going to do with it? What does she do with the billions she already has?
They are so rich it really doesn't make any sense. It will drag on for years and put millions into lawyers hands, not that that matters at all. But it wont produce a meaningful change in their lives.
They don’t have all this wealth sitting in cash. It’s almost all in Amazon stock, which has quintupled in the last 4 years. A downturn in Amazon could evaporate a lot of their wealth. They could sell off a bit of it, but dump too much and the price will plummet.
I mean, they’d still be rich if Amazon went belly-up tomorrow, but most of what they have is tied to the company’s fortunes.
If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
I have read that if she went that route she could drive down the price on Amazon stock, which would hurt her worth and the legacy for her kids. She may be better off taking lesser billions in cash.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
RE: Not sure what they get out of a divorce..... Â
No matter how you cut it they both have more spending power than god and can live whatever life they want married or separated.
Yes they could remarry, but both will have so many billions, that prenups and all that crap would be prohibitive.
Does she really want 60 billion? Whats she going to do with it? What does she do with the billions she already has?
They are so rich it really doesn't make any sense. It will drag on for years and put millions into lawyers hands, not that that matters at all. But it wont produce a meaningful change in their lives.
there are other non financial considerations that drive people to divorce their spouses (tired of their behaviour, want to date other people)
If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
I have read that if she went that route she could drive down the price on Amazon stock, which would hurt her worth and the legacy for her kids. She may be better off taking lesser billions in cash.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
They met at the hedge fund he was VP of after hiring her. They started dating, quit and headed west where she became employee #1 or 2 ever at Amazon, Im sure she has plenty of stock in the company
They met at the hedge fund he was VP of after hiring her. They started dating, quit and headed west where she became employee #1 or 2 ever at Amazon, Im sure she has plenty of stock in the company
Jeff Bezos is the largest Amazon shareholder with @ 78,000,000 shares. The next largest non-instutional shareholder owns @ 90,000.
She doesn’t have any significant amount specifically in her name. Not that it matters: Washington is a community property state.
If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
I have read that if she went that route she could drive down the price on Amazon stock, which would hurt her worth and the legacy for her kids. She may be better off taking lesser billions in cash.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
Virtually all of Bezos’s wealth is in Amazon stock. He’d have to sell off a third of his ownership in the company to raise $50 billion in cash. Actually, probably more since his sales would cause the price to drop. So he’d still lose @ half his ownership in the company.
somewhere recently I read how Amazon was valued at about $1 trillion. Given that he has a net worth of around $138 billion, wouldn't that be somewhere in the neighborhood of 13.8% of stock?
Why would it kill Amazon's stock price to give her 6.9% unless she decided to sell it? Assuming she wants the cash, I suppose she could sell, but who in their right mind would advise her to dump all of that on the open market and cause the value to go way down? She can't possibly have any kind of immediate need for $69 billion, can she?
Even if she wanted say $1 billion in cash, she would only be unloading 0.01% of the stock in the company, and she probably doesn't need that much right away.
Sure, she probably would want to diversify her holdings a bit, but any advisor worth their salt would have her gradually reduce her interest in Amazon rather than take a beating by dumping 6.9% on the open market, and the tax implications of doing that would be nuts for her too.
I think they could divide the property equally by dividing the stock and not really upsetting the price drastically. She might be open to taking a little less and/or signing an agreement that she maintains no controlling interest in the company if she was convinced that would only drop the price and hurt her financially.
I guess my point is that if I were her, I'd prefer to own half of his interest in the company than to take a fixed dollar amount like $50 billion, given the growth trajectory of Amazon.
somewhere recently I read how Amazon was valued at about $1 trillion. Given that he has a net worth of around $138 billion, wouldn't that be somewhere in the neighborhood of 13.8% of stock?
Why would it kill Amazon's stock price to give her 6.9% unless she decided to sell it? Assuming she wants the cash, I suppose she could sell, but who in their right mind would advise her to dump all of that on the open market and cause the value to go way down? She can't possibly have any kind of immediate need for $69 billion, can she?
Even if she wanted say $1 billion in cash, she would only be unloading 0.01% of the stock in the company, and she probably doesn't need that much right away.
Sure, she probably would want to diversify her holdings a bit, but any advisor worth their salt would have her gradually reduce her interest in Amazon rather than take a beating by dumping 6.9% on the open market, and the tax implications of doing that would be nuts for her too.
I think they could divide the property equally by dividing the stock and not really upsetting the price drastically. She might be open to taking a little less and/or signing an agreement that she maintains no controlling interest in the company if she was convinced that would only drop the price and hurt her financially.
I guess my point is that if I were her, I'd prefer to own half of his interest in the company than to take a fixed dollar amount like $50 billion, given the growth trajectory of Amazon.
Amazon trades about 6-8 million shares a day. A lot of that volume is almost certainly the same shares cycling around amongst various short term traders. If 40 million shares suddenly hit the market in a short stretch of time, it would certainly have a serious downward effect on the price.
That said, it’s likely the shares will simply be divided between them as you mentioned. And since it appears to be an amicable split and MacKenzie is unlikely to want to upset the applecart, she’ll probably proxy her voting shares to Jeff.
I was just outlying the negative outcome if Jeff tried to settle for $50 billion in straight cash as Great Dane had suggested.
of one of the largest tech companies, if not the largest tech company on the planet get caught sending dick picks?
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
of one of the largest tech companies, if not the largest tech company on the planet get caught sending dick picks?
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
of one of the largest tech companies, if not the largest tech company on the planet get caught sending dick picks?
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
How have they handled other infidelity stories?
tabloid-ish. and by giving them a lot of attention. being that Bezos owns the paper, seems like it could get awkward.
As a regular reader of the Post for 30 years, I can say they are the diametrical opposite of “tabloid-ish”. They are pretty conservative about the way they report such stories. Doubt they have ever published the phrase “dick pics” for one thing.
As a regular reader of the Post for 30 years, I can say they are the diametrical opposite of “tabloid-ish”. They are pretty conservative about the way they report such stories. Doubt they have ever published the phrase “dick pics” for one thing.
???
spoken from first-hand experience, I'm sure!
:-)
You are odd.
If he got 5% return on that money, compounded annually, it'd end up being worth close to half a trillion dollars in 40 years.
So yeah, he's not going to be checking the couch for loose change or anything, regardless.
Quote:
locking me in a closet and starving me, I'd leave too
You are odd.
Thanks, it's about time someone showed some appreciation around here
Quote:
How will he ever get by with only 68.5 Billion??
Seriously. If he had to split the money 50-50, he'd still have more money than he could ever spend. By my calculations, if he had $68.7 billion and lived 40 more years (he's 54), he'd have to spend $4,705,479 per day to spend all of it, and that's if the principal didn't appreciate.
If he got 5% return on that money, compounded annually, it'd end up being worth close to half a trillion dollars in 40 years.
So yeah, he's not going to be checking the couch for loose change or anything, regardless.
I read somewhere recently (in the past 3-4 months) that his net worth is growing at a rate of $30 million a day. Sounds crazy but that's actually about $11 billion a year, so it might be right.
I doubt she will want just half his current net worth. If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
No idea if this is correct or not, but net worth growth of >$215 million a day is insane and him giving up half of it would not even dent his overall wealth.
No matter how you cut it they both have more spending power than god and can live whatever life they want married or separated.
Yes they could remarry, but both will have so many billions, that prenups and all that crap would be prohibitive.
Does she really want 60 billion? Whats she going to do with it? What does she do with the billions she already has?
They are so rich it really doesn't make any sense. It will drag on for years and put millions into lawyers hands, not that that matters at all. But it wont produce a meaningful change in their lives.
I mean, they’d still be rich if Amazon went belly-up tomorrow, but most of what they have is tied to the company’s fortunes.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
No matter how you cut it they both have more spending power than god and can live whatever life they want married or separated.
Yes they could remarry, but both will have so many billions, that prenups and all that crap would be prohibitive.
Does she really want 60 billion? Whats she going to do with it? What does she do with the billions she already has?
They are so rich it really doesn't make any sense. It will drag on for years and put millions into lawyers hands, not that that matters at all. But it wont produce a meaningful change in their lives.
Quote:
If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
I have read that if she went that route she could drive down the price on Amazon stock, which would hurt her worth and the legacy for her kids. She may be better off taking lesser billions in cash.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
They met at the hedge fund he was VP of after hiring her. They started dating, quit and headed west where she became employee #1 or 2 ever at Amazon, Im sure she has plenty of stock in the company
They met at the hedge fund he was VP of after hiring her. They started dating, quit and headed west where she became employee #1 or 2 ever at Amazon, Im sure she has plenty of stock in the company
Jeff Bezos is the largest Amazon shareholder with @ 78,000,000 shares. The next largest non-instutional shareholder owns @ 90,000.
She doesn’t have any significant amount specifically in her name. Not that it matters: Washington is a community property state.
Quote:
If I were her I'd want half his ownership in Amazon. I think I could live with my net worth growing by $15 million a day.
I have read that if she went that route she could drive down the price on Amazon stock, which would hurt her worth and the legacy for her kids. She may be better off taking lesser billions in cash.
In the same vein of billionaire divorces, here's a little-known story. I got it from great sources and it's been published, never denied:
George Lucas owned Pixar when it was part of Industrial Light & Magic, and making the Pixar Graphics Computer. The animation business was their ambition but they were trying to keep the doors open until the technology caught up with what they wanted to do, so they built graphics computers and wrote software (Renderman).
Anyway at some point George was getting a divorce and needed cash so he wouldn't have to give his wife half of Lucasfilm. So he put Pixar up for sale. Ross Perot was going to buy it for GM but at the last moment -- I think literally the day the deal was going to close -- the GM board balked and ousted him. So it was back on the market, and George was suddenly desperate for a buyer. Steve Jobs stepped in and paid cash, but a helluva lot less cash than George thought he'd get. Still it was worth it to him to avoid giving half ownership in his company.
You might see Jeff Bezos do something similar to raise, I dunno, $50 billion in cash?, so he doesn't have to give his ex half his stock in Amazon. And she might be fine to take something like that as a settlement as long as she gets a nice chunk of stock for herself and her children. $20 billion, $50 billion, $68 billion, what''s the difference? Unless you wanna start buying sports franchises or entire companies...
Virtually all of Bezos’s wealth is in Amazon stock. He’d have to sell off a third of his ownership in the company to raise $50 billion in cash. Actually, probably more since his sales would cause the price to drop. So he’d still lose @ half his ownership in the company.
Why would it kill Amazon's stock price to give her 6.9% unless she decided to sell it? Assuming she wants the cash, I suppose she could sell, but who in their right mind would advise her to dump all of that on the open market and cause the value to go way down? She can't possibly have any kind of immediate need for $69 billion, can she?
Even if she wanted say $1 billion in cash, she would only be unloading 0.01% of the stock in the company, and she probably doesn't need that much right away.
Sure, she probably would want to diversify her holdings a bit, but any advisor worth their salt would have her gradually reduce her interest in Amazon rather than take a beating by dumping 6.9% on the open market, and the tax implications of doing that would be nuts for her too.
I think they could divide the property equally by dividing the stock and not really upsetting the price drastically. She might be open to taking a little less and/or signing an agreement that she maintains no controlling interest in the company if she was convinced that would only drop the price and hurt her financially.
I guess my point is that if I were her, I'd prefer to own half of his interest in the company than to take a fixed dollar amount like $50 billion, given the growth trajectory of Amazon.
Why would it kill Amazon's stock price to give her 6.9% unless she decided to sell it? Assuming she wants the cash, I suppose she could sell, but who in their right mind would advise her to dump all of that on the open market and cause the value to go way down? She can't possibly have any kind of immediate need for $69 billion, can she?
Even if she wanted say $1 billion in cash, she would only be unloading 0.01% of the stock in the company, and she probably doesn't need that much right away.
Sure, she probably would want to diversify her holdings a bit, but any advisor worth their salt would have her gradually reduce her interest in Amazon rather than take a beating by dumping 6.9% on the open market, and the tax implications of doing that would be nuts for her too.
I think they could divide the property equally by dividing the stock and not really upsetting the price drastically. She might be open to taking a little less and/or signing an agreement that she maintains no controlling interest in the company if she was convinced that would only drop the price and hurt her financially.
I guess my point is that if I were her, I'd prefer to own half of his interest in the company than to take a fixed dollar amount like $50 billion, given the growth trajectory of Amazon.
Amazon trades about 6-8 million shares a day. A lot of that volume is almost certainly the same shares cycling around amongst various short term traders. If 40 million shares suddenly hit the market in a short stretch of time, it would certainly have a serious downward effect on the price.
That said, it’s likely the shares will simply be divided between them as you mentioned. And since it appears to be an amicable split and MacKenzie is unlikely to want to upset the applecart, she’ll probably proxy her voting shares to Jeff.
I was just outlying the negative outcome if Jeff tried to settle for $50 billion in straight cash as Great Dane had suggested.
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
How have they handled other infidelity stories?
Quote:
of one of the largest tech companies, if not the largest tech company on the planet get caught sending dick picks?
Just shows women are the kryptonite for heterosexual men.
all heterosexual men.
People were talking about him losing half his wealth in this divorce, if his wife has no history of infidelity and there is no prenuptial agreement, she could get a lot more.
I wonder how the Washington Post will handle this story given how they have handled other celebrity stories of infidelity.
How have they handled other infidelity stories?
tabloid-ish. and by giving them a lot of attention. being that Bezos owns the paper, seems like it could get awkward.
Ok