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Amazon founder Jeff Bezos and wife divorcing after 25 years

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Amazon founder Jeff Bezos and wife divorcing after 25 years
ENT

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Amazon founder Jeff Bezos and wife divorcing after 25 years

2019-01-10 04:22 Last Updated At:04:30

Amazon CEO and founder Jeff Bezos and his wife, MacKenzie, are divorcing, ending a 25-year marriage that played a role in the creation of an e-commerce company that made Bezos one of the world's wealthiest people.

The decision to divorce comes after a trial separation, according to a statement posted Wednesday on Jeff Bezos' Twitter account. He and his wife both signed the announcement, which ended with a vow to remain "cherished friends."

Left unanswered was one of the biggest sticking points in any divorce: How the assets amassed during the marriage will be divided.

And there may never have been more money than in this case.

Jeff Bezos is ranked at the top of most lists of the world's wealthiest people, and his fortune currently hovers around $137 billion, according to estimates by both Forbes and Bloomberg. Virtually all of that is tied up in the nearly 79 million shares of Amazon stock (currently worth about $130 billion) that Bezos owns in the Seattle company, translating into a 16 percent stake. Bezos, 54, also owns rocket ship maker Blue Origin and The Washington Post, which he bought for $250 million in 2013.

Because the pair were married before Amazon was founded, it's likely that MacKenzie Bezos holds a large claim to that fortune, though details hinge on where the couple files for divorce and if they had a prenuptial agreement.

King County, where their home is located, confirmed on Twitter Wednesday that the Bezoses had not filed for divorce in court. The couple own a home in a wealthy Seattle suburb within the county. The Bezoses have four children.

"The property acquired during the marriage is common property," said Jennifer Payseno, a family lawyer at the firm McKinley Irvin in Seattle. That includes stock ownership, although Amazon has not filed any regulatory documents to suggest Bezos' stake in the company has changed.

All that power and wealth has magnified the focus on Jeff Bezos, although his divorce seems unlikely to enthrall the public like high-profile breakups among movie stars such as Brad Pitt and Angelina Jolie. Or even those of other billionaires, such as Donald Trump's tabloid-fodder split with his former wife Ivana in the early 1990s, long before he was elected president.

But the Bezos divorce seems likely to attract more attention than when Google co-founder Sergey Brin — currently worth $49 billion — divorced his former wife Anne in 2015.

The amicable tenor of the Bezoses' divorce announcement makes it highly likely that the couple already has reached an agreement on how to divide their assets, Payseno said.

Amazon's origins trace back to a road trip that the Bezoses took together not long after they met in New York while working at hedge fund D.E. Shaw. They got married just six months after they began dating, according to Bezos.

Not long after that, Jeff Bezos quit his job at Shaw and started an online bookstore. While his wife did the cross-country driving, Bezos wrote a business plan on the way to Seattle — chosen for its abundance of tech talent. By July 1995, Amazon was operating out of a garage, with MacKenzie Bezos lending a hand, according to a review she posted on Amazon in 2013 panning "The Everything Store," a book about Bezos and the company written by Brad Stone.

"I was there when he wrote the business plan, and I worked with him and many others represented in the converted garage, the basement warehouse closet, the barbecue-scented offices, the Christmas-rush distribution centers, and the door-desk filled conference rooms in the early years of Amazon's history," she recalled.

Amazon has since evolved from an upstart website selling books to an e-commerce goliath that sells virtually all imaginable merchandise and runs data centers that power many other digital services such as Netflix. It also has become a leader in intelligent voice-activated speakers with its Echo products, which are emerging as command centers for internet-connected homes — and a gateway to buying more stuff from Amazon.

SEOUL, South Korea (AP) — Ahn Sung-ki, one of South Korean cinema’s biggest stars whose prolific 60-year career and positive, gentle public image earned him the nickname “The Nation’s Actor,” died on Monday. He was 74.

The death of Ahn, who had been fighting blood cancer for years, was announced by his agency, the Artist Company, and the Seoul-based Soonchunhyang University Hospital.

Born to a filmmaker in the southeastern city of Daegu in 1952, Ahn made his debut as a child actor in the movie “The Twilight Train” in 1957. He subsequently appeared in about 70 movies as a child actor before he left the film industry to live an ordinary life.

In 1970, Ahn entered Seoul’s Hankuk University of Foreign Studies as a Vietnamese major. Ahn said he graduated with top honors but failed to land jobs at big companies, who likely saw his Vietnamese major largely useless after a communist victory in the Vietnam War in 1975.

After spending a few years unemployed, Ahn returned to the film industry in 1977 believing he could still excel in acting. In 1980, he rose to fame for his lead role in Lee Jang-ho’s “Good, Windy Days,” a hit coming-of-age movie about the struggle of working-class men from rural areas during the country’s rapid rise. Ahn won the best new actor award in the prestigious Grand Bell Awards, the Korean version of the Academy Awards.

He later starred in a series of highly successful and critically acclaimed movies, sweeping best actor awards and becoming arguably the country’s most popular actor in much of the 1980-90s.

Some of his memorable roles included a Buddhist monk in 1981’s “Mandara,” a beggar in 1984’s “Whale Hunting,” a Vietnam War veteran-turned-novelist in 1992’s “White Badge,” a corrupt police officer in 1993’s “Two Cops,” a murderer in 1999’s “No Where To Hide,” a special forces trainer in 2003’s “Silmido” and a devoted celebrity manager in 2006’s “Radio Star.”

Ahn had collected more than 20 trophies in major movie awards in South Korea, including winning the Grand Bell Awards for best actor five times, an achievement no other South Korean actors have matched yet.

Ahn built up an image as a humble, trustworthy and family-oriented celebrity who avoided major scandals and maintained a quiet, stable personal life. Past public surveys chose Ahn as South Korea’s most beloved actor and deserving of the nickname “The Nation’s Actor.”

In interviews with local media, Ahn couldn’t choose what his favorite movie was, but said that his role as a dedicated, hardworking manger for a washed-up rock singer played by Park Jung-hoon resembled himself in real life the most.

FILE - South Korean actor Ahn Sung-ki smiles for a photo on the red carpet at the 56th Daejong Film Awards ceremony in Seoul, South Korea, June 3, 2020. (AP Photo/Ahn Young-joon, File)

FILE - South Korean actor Ahn Sung-ki smiles for a photo on the red carpet at the 56th Daejong Film Awards ceremony in Seoul, South Korea, June 3, 2020. (AP Photo/Ahn Young-joon, File)

FILE - South Korean actor Ahn Sung-ki attends an event as part of the 11th Pusan International Film Festival in Busan, South Korea, Oct. 13, 2006. (AP Photo/Kin Cheung, File)

FILE - South Korean actor Ahn Sung-ki attends an event as part of the 11th Pusan International Film Festival in Busan, South Korea, Oct. 13, 2006. (AP Photo/Kin Cheung, File)

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