Jeff Bezos and wife MacKenzie to divorce after 25 years

Amazon CEO Jeff Bezos tweets his divorce announcement

Amazon CEO Jeff Bezos tweets his divorce announcement

"Though the labels might be different, we remain a family, and we remain cherished friends", they continued.

When rich people go through divorce proceedings, the settlements can be expensive.

Amazon CEO Jeff Bezos has struck up a relationship with Los Angeles TV anchor Lauren Sanchez, as both the tech mogul and the reporter are in the middle of divorce proceedings.

Another insider tells PEOPLE, "Patrick and Lauren have been on and off for a while and have been separated".

Bezos, 54, is worth US$137 billion, according to the Bloomberg Billionaires Index, a ranking of the world's 500 wealthiest individuals. The company closed up 0.2% on Wednesday, and analysts don't believe that the divorce will have much of an effect on Bezos' ability to run the company or Amazon's stock price.

The two are residents of Washington state, a "community property state".This implies that according to state laws, all assets, property, debt acquired over the course of the marriage is split equally by the court if the couple can not come to an agreement.

It turned ugly and stretched on for years after Elaine was granted nearly half of Steve's ownership in the company back when they divorced in 2010. When Amazon showcased its new biospheres, the plant-filled architectural centerpiece of its Seattle headquarters, the couple toured the building with a horticulturist.

The two were engaged after three months of dating and got married three months later, going on to have four children together.

"The property acquired during the marriage is common property", said Jennifer Payseno, a family lawyer at the firm McKinley Irvin in Seattle.

The report speculates Bezos' wealth may be down by $69 billion, the amount Mackenzie could be left from the divorce and settlement processes.

Jocelyn Wildenstein, former wife of Alec N. Wildenstein, a business man, cost $3.8 billion. One thing that could impact the billionaire's net worth is a prenuptial agreement.

"Most likely they have already resolved the financial aspects of the case before they made the announcement", said Marilyn Cinita, a high profile divorce litigator who has worked with celebrities.

The couple met in 1993 at NY hedge fund D.E. Shaw. "She had told Patrick that she has been recently seeing Jeff Bezos".

Her novels include The Testing Of Luther Albright and Traps. They left NY on a road trip to Amazon's eventual headquarters in Seattle, with her driving and him writing up the business plan for what would become the world's largest online retailer. In other words, instead of selling or transferring Amazon shares, Jeff Bezos could offer monetary compensation equivalent to the shares' fair market value. It also has become a leader in intelligent voice-activated speakers with its Echo products, which are emerging as command centres for internet-connected homes - and a gateway to buying more stuff from Amazon.

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