Economy

Relax Amazon investors, Jeff and MacKenzie Bezos’ divorce shouldn’t shift the share price

Amazon founder Jeff Bezos, rated the world's wealthiest person, announced on Wednesday on Twitter that he and his wife Mackenzie Bezos were divorcing after a long separation.Jorg Carstensen/AFP

Amazon.com Inc founder and Chief Executive Jeff Bezos, the world’s richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday.

Jeff Bezos, 54, has a fortune that has soared as high as US$160 billion thanks to his stake in Amazon, which again became Wall Street’s most valuable company this week, surpassing Microsoft Inc.

Bezos has credited MacKenzie, 48, for her support when he uprooted the young couple from New York to Seattle so he could launch the online bookseller that grew into one of the world’s largest retailers. MacKenzie, a Princeton graduate who is now a novelist, did accounting for Amazon for its first year after it was founded in 1994.

The couple decided to divorce after a long period of “loving exploration” and trial separation, and expect to continue as partners in ventures and projects, according to the joint statement.

Amazon shares were up 0.2 per cent in midday trading on Wednesday. The divorce should have no material impact on the company and its shares, said Thomas Forte, an analyst at DA Davidson & Co.

According to Refinitiv Eikon data, MacKenzie does not hold any Amazon shares directly. Bezos has a 16.1 per cent stake in the company worth about US$130 billion.

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