Sunday, October 25, 2020

Bezos divorce spark worries among Amazon investors

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

The fortune of Jeff Bezos is estimated at about $ 136 billion. If the Amazon boss now separates from his wife MacKenzie Bezos, it will also go to the shares that he holds in his company. Divorce of the richest man in the world has managed not only to the front pages of all the tabloids, but also drives investors to Amazon.

Investors are wondering what the demerits of Jeff and MacKenzie Bezos will be after 25 years on the ownership structure of the world’s largest online retailer and the aggressive growth plans.

It’s all about how the couple divides its assets, which includes, among other things, a stake of about 16 percent in Amazon.

The most valuable company on Wall Street is currently valued at more than $ 810 billion. Bezos itself is, according to “Forbes” around 136 billion dollars.

The divorce laws in Washington State, where the couple lives mainly with their four children, provide for the property acquired during the marriage to be distributed equally to the partners.

The first investors are nervous. The head of hedge fund Seabreeze Partners, Doug Kass, for example, has sold his Amazon shares after the announcement of the divorce on Wednesday and says he think now for now first in peace.

Portfolio manager Robert Bacarella of investment house Monetta expects growth-oriented portfolio managers to move back their stakes in Amazon: “This is such a widely ramified business and the divorce allows them to say ‘Maybe I’ll screw my investment back because it’s now Another question mark is ‘.’ He himself wants to remain loyal to Amazon.

Whether the Amazon founder and the successful writer ever made arrangements at the marriage, what happens in the event of a separation is so far unclear.

The Twitter message announcing the divorce said that both would remain partners in their projects and businesses. If that so, investors need not to worry for their portfolios

It is clear that the divorce is not favorable. However, as the couple owns property throughout the country, it can also file it in a federal state where no equal distribution of wealth is required. New York divorce lawyer Bernard Clair says that in such a case, a judge is likely to set the share that MacKenzie is entitled to. He will be judged by the role she played in the success of her husband. Especially in the early days of Amazon, the Princeton graduate played an active role in the company and put her own career back for a while.

Read Also: Amazon’s boss Jeff Bezos and MacKenzie decides to divorce

 

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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