Highest asset divorce ever to be finalized

| Jul 5, 2019 | Divorce, Firm News |

By now, many of our readers in Mississippi know about the pending divorce involving Jeff Bezos, the world’s richest man, and his soon-to-be ex-wife. Many divorce cases involving celebrities and business leaders often garner significant media attention. But, of course, the Bezos divorce is getting a lot of attention because of the sheer amount of assets involved, which is undeniably the most ever involved in a divorce case.

According to recent reports, the Bezos divorce is soon to be finalized. As soon as the final documents are signed, the reports indicate that 4% of Amazon ownership – Jeff Bezos’ company – will be transferred to his ex-wife. That percentage of Amazon ownership is said to be worth approximately $38 billion. It appears that the only reason the world will know about the final value involved in the divorce case is because certain documents need to be filed due to regulations promulgated by the U.S. Securities and Exchange Commission, which regulates and monitors the change in holdings of such owners.

Beyond the impact of the divorce on the ownership stakes at Amazon, the other terms of the couples’ divorce are not likely to become public. It has been reported that Jeff Bezos will retain ownership stakes in a few other companies besides Amazon.

Any divorce case will eventually address how assets and debts are divided between the soon-to-be ex-spouses. Obviously, none will be of the magnitude of the Bezos divorce, but the property division process can still have a significant impact on Mississippi residents.