Jeff and MacKenzie Bezos have made their divorce official in a $38 billion settlement, making the author the third richest woman in the world

Amazon CEO Jeff Bezos and MacKenzie Bezos announced earlier this year they were getting divorced after a 25-year marriage.
The couple officially finalized their divorce Friday, and the settlement from the split will leave MacKenzie Bezos with a partial stake in Amazon.
MacKenzie Bezos’ share is worth an estimated $38 billion, and makes her the third richest women in the world.
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The marriage of Amazon’s power couple, which has spanned the transformation of the company from online bookstore to massive e-commerce platform, is officially over.

Amazon founder Jeff Bezos and his ex-wife, MacKenzie Bezos, officially finalized their divorce Friday, Bloomberg reports. As a result, MacKenzie Bezos is set to gain millions of shares of Amazon worth an estimated $38 billion.

When the Washington judge signed court papers Friday to formally dissolve the marriage, the terms of the couple’s divorce settlement were made official. The Bezoses announced in April what their divorce agreement entailed: MacKenzie Bezos would grant the Amazon CEO all of her interests in the Washington Post and Blue Origin, and voting control over her stake in the company. Jeff Bezos would get 75% of the Amazon stock the couple co-owned, while MacKenzie Bezos would be left with the rest.

The remaining 4% stake left to MacKenzie Bezos is just under 20 million Amazon shares, worth an estimated $38 billion. A regulatory filing disclosing the shift in ownership, as required by the US Securities and Exchange Commission, is expected this month, Bloomberg reports.

The massive cash injection shoots MacKenzie Bezos to the ranking of third-richest woman alive, according to the Bloomberg Billionaire’s Index. In the rankings, Bezos will sit behind Francoise Bettencourt Meyers and Alice Walton, who each have net worths upwards of $50 billion.

MacKenzie Bezos also said in April she had signed the Giving Pledge, a promise taken by some of the world’s wealthiest to donate at least half of their assets to charity in their lifetime or will.

Meanwhile, Jeff Bezos’ post-divorce net worth stands at an estimated $121 billion, and he remains the world’s richest person. He has noticeably refused to sign onto the Giving Pledge, though he praised his ex-wife on Twitter for her philanthropic commitment.

Before the split, the Bezos couple was married for 25 years. They first started dating before Amazon was even born, and have four children together. They first announced in January they were getting a divorce.

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Source: Business Insider – pleskin@businessinsider.com (Paige Leskin)