quote:

Originally posted by Balzé Halzé:

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Originally posted by 9mmepiphany:

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Originally posted by jhe888:

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Originally posted by Balzé Halzé:
This talk about a prenuptial seems moot. They were married well before they became billionaires. Or at least multi-billionaires many times over. I don't believe a prenup can stipulate assets that may or may not be ascertained in the future.

And honestly, any prenup that did say something like that would likely be thrown out by a judge in any case.

None of that is accurate.

Why would anyone, with any knowledge of how Family Law works, even think that it works that way

So explain it then. Explain how a prenup in this case would apply or in any way give one spouse a majority of the wealth that was accrued during their marriage while leaving the other with practically nothing. They both now are accustomed to a certain lifestyle. I would think such a prenup would fall under a "unconscionable" contracts type situation.

quote:

Originally posted by RogueJSK:
What's that old signature line? Something like "I expect there will be many assertions about the law in this thread, and most of them will be spectacularly wrong" or something like that?

Yeah well, I've gone through the prenuptial thing, and I'm only going off of the information that my lawyer told me. Some of the things that I suggested be in the contract he advised me against, or slightly modified them, because they could be seen in a future divorce proceeding as unreasonable or unfair--regardless even if my wife read, understood, and signed it--which could then make the whole thing invaild. I would think that stipulating that any wealth that we accrue during our marriage be automatically turned over to me should we ever divorce would probably be considered "unfair" and "unreasonable." No?

So my comments in this thread are not coming completely from left field as I've actually gone through the prenup process.

Pre-nups can absolutely partition assets not yet owned. I have written many with such provisions and fully expect them to be enforced.

Now, it may be that, if there is a pre-nup, that it does not attempt to partition assets generated in the future, or partitions some kinds and not others. I have seen them written that way, too. In which case, the Amazon stock may not be covered by the agreement and will be subject to division.

Unconscionablity will not be viewed with hindsight, but as to whether it was unconscionable at the time the deal was made.

This is, as you might imagine, a terribly complicated subject, and the actual facts and agreement (if any) will determine how it plays out. We don't know any of that, and speculating is foolish.

I have a good idea of what the possibilities are (and there are lots of branches on that tree), but how it all adds up is not known to us.

Don't forget the usual caveat that every state's laws will be somewhat (or maybe even significantly) different.

But your categorical statements are not accurate.

the phrase I use with huge amounts like this is 'monopoly money'...

the impact on his daily life taking a potential $70B haircut is exactly zero

nice to have that much money

------------------------------------------

....I can almost hear my <prime time> membership fees doubling from here....

National Enquirer Exposes 'Steamy' Trysts, Texts Between Bezos And "Raven Haired Mistress"

Following the revelation made by the New York Post last night that Amazon CEO Jeff Bezos has been seeing former "Extra" host Lauren Sanchez, the National Enquirer on Thursday revealed why Bezos had come forward with his seemingly impromptu announcement of his divorce from wife MacKenzie Bezos: The gossip rag was preparing to publish an expose of his relationship with Sanchez, the culmination of a four-month investigation.

The Inquirer - which is famously run by (now former) Trump ally David Pecker (Pecker is currently cooperate with Special Counsel Robert Mueller) - has now published the story, complete with photos (which are only available in the magazine's print edition) which purport to show the couple canoodling and cavorting around town on dates. The Enquirer famously bought the story of a former Playboy model who was threatening to publicize an affair she allegedly had with the president.

Bezos, meanwhile, is a notorious Trump antagonist via his ownership of the Washington Post. And apparently there is a common thread between the Enquirers involvement in both scandals.



For a tabloid rag, the Enquirers' reporters displayed an impressive amount of gumption, tracking Bezos across "5 states and 40,000 miles" and tailing them in "private jets, swanky limos, helicopter rides and romantic hikes...'

The Enquirer said its reporters tracked Bezos and Sanchez "across five states and 40,000 miles, tailed them in private jets, swanky limos, helicopter rides, romantic hikes, five-star hotel hideaways, intimate dinner dates and 'quality time' in hidden love nests." The front-page headline, the Enquirer revealed, will be "The cheating photos that ended his marriage."

But even more embarrassing for the mogul, the Enquirer said it had gotten its hands on "raunchy photos and erotic selfies" shared between the pair. The tabloid even said it had captured photos of Bezos and his "raven-haired mistress" during a tryst at the same Boston hotel where the Bezos family stayed while visiting one of his sons at MIT.

Our reporters snapped the braggadocios billionaire and his raven-haired lover, 49, doing the dirty on their spouses together no fewer than six times in 14 days.

On one occasion they even enjoyed a secret tryst at the very Boston, Mass., hotel the Bezos family stayed at when in town for Parents Day at his son’s MIT campus!

Meanwhile, in a separate report about the whirlwind romance, the supermarket tabloid published a series of spicy text messages reportedly sent by Bezos to his new flame some time last fall.

In one message, which reads like the mangled lyrics to a sappy 90s ballad, Bezos professes his love for Sanchez, telling her "I want to breathe you in."

In another pillow talk exchange, on May 13, the horn-dog billionaire wrote: "I want to smell you, I want to breathe you in. I want to hold you tight...I want to kiss your lips...I love you. I am in love with you."

A second text is even more explicit.

In one message obtained by The Enquirer, on newsstands today, Bezos wrote: "I love you, alive girl. I will show you with my body, and my lips and my eyes, very soon."

The time stamps on the text make clear that the relationship between the two began long before Bezos' publicly disclosed his divorce, and the fact that Bezos and his wife MacKenzie had been separated was "widely known." However, the now ex-couple was spotted in September celebrating their wedding anniversary.

In an amusing aside, the Enquire reported that Bezos told them through a lawyer that he "supports journalistic efforts" and "does not intend to discourage reporting about him."

Though the tawdry scandal will undoubtedly embarrass the typically private Bezos family, at least MacKenzie can take comfort in the notion that she will soon walk away with half of her family's assets, immediately establishing her as the world's wealthiest woman.

In their statement from Wednesday, Jeff and MacKenzie said they intend to "stay friends."

https://www.zerohedge.com/news...and-his-raven-haired

quote:

Originally posted by Sig209:
the phrase I use with huge amounts like this is 'monopoly money'...

the impact on his daily life taking a potential $70B haircut is exactly zero

nice to have that much money

------------------------------------------

That's not entirely true either. Most of his net worth is almost certainly in the form of Amazon stock. If he splits the stock with his wife, he could also dilute his ownership of the company to where he no longer has primary control of the company and someone else might become the primary share holder and maintain control of Amazon by having a voting majority. Without knowing his net worth breakdown, it's impossible to say, but a possibility.

quote:

If he splits the stock with his wife, he could also dilute his ownership of the company to where he no longer has primary control of the company and someone else might become the primary share holder and maintain control of Amazon by having a voting majority.

I believe he owns 16%; so 8% each if divided with MacKenzie.

And apparently they did NOT have a prenup.

https://pagesix.com/2019/01/10...t-prenup-in-divorce/

Also from the Nat'l Enquirer:

https://www.nationalenquirer.c...ages-affair-scandal/

they only first announced their separation this Wednesday morning, Jan. 9 — close to 48 hours after The ENQUIRER informed Bezos of its intention to print the conclusion of a four-month undercover investigation.

After 20 some years together, Bezo's wife is still attractive. In ten years or less, this babe is going to look like she belongs behind the counter in a Taco Bell. Just more evidence that, no matter how smart you are or how much money you have, it's still possible for the little head to start thinking for the big head.

No shit NK402. I think I'd have gotten a better tradein for a bunch of billions$.

I don't feel sorry for Bezos in the the least. Something tells me it's a good thing his share of Amazon will soon be split in half.

quote:

Originally posted by doublesharp:
No shit NK402. I think I'd have gotten a better tradein for a bunch of billions$.

Indeed. I would expect that if you're trading half your fortune--north of $50 billion--for new trim, you'd do it for something younger...like Shauna Sexton. Ben Affleck knows what I'm talking about.

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Originally posted by chellim1:
I don't feel sorry for Bezos in the the least. Something tells me it's a good thing his share of Amazon will soon be split in half.

? Curious...

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Originally posted by slosig:

quote:

Originally posted by chellim1:
I don't feel sorry for Bezos in the the least. Something tells me it's a good thing his share of Amazon will soon be split in half.

? Curious...

I have no problem with customers who buy something from Amazon if they can get it cheaper and faster.
However....
1. Bezos is building an empire of control. I'm not so sure that is good for the rest of us. It certainly isn't good that he's doing it partially on the backs of taxpayers, who are subsidizing many of his expansions and the 'special deals' he gets with the USPS.
2. Bezos is a leftist, which is evident through his ownership/control of WaPo.
3. I think his (ex)wife will do less harm.

quote:

Originally posted by NK402:
After 20 some years together, Bezo's wife is still attractive. In ten years or less, this babe is going to look like she belongs behind the counter in a Taco Bell. Just more evidence that, no matter how smart you are or how much money you have, it's still possible for the little head to start thinking for the big head.

That "babe" is 49, so I'd say she's likely to keep looking pretty good. And, she is one year older than Mackenzie Bezos, so maybe that isn't Bezos' motivation.

Again, there is a good chance a court wouldn't split the shares into two blocks, precisely because it will diminish the value to be a smaller block. And because it could jeopardize his control. So, she may get a payout over time, secured by the stock. There are other ways to skin that cat.

It is possible that they have made a deal already.

Ya'll are talking about stuff you don't know enough about to have informed opinions. I know that is what the internet is for, but . . .

quote:

Again, there is a good chance a court wouldn't split the shares into two blocks, precisely because it will diminish the value to be a smaller block. And because it could jeopardize his control. So, she may get a payout over time, secured by the stock. There are other ways to skin that cat.

It is possible that they have made a deal already.

Entirely possible.
One thing is certain: this has now become and is going to be complicated. While they have vast land holdings and a great deal of other property, most of the couple's assets are in the form of Amazon stock.

Just as a marker, I'll note that Amazon.com, Inc. (AMZN) currently trades @ around $1,650.00/share, little changed since the announcement. With a PE Ratio upwards of 90 the growth expectations for the company remain huge.

As I said before, by the way this was announced, it seems very likely a deal was struck. And I bet a big part of the deal is the he gets to control the voting proxy on whatever chunk of AMZN shares she gets. She'll get the financial benefit, he'll keep control of the company. I kind of doubt she wants to be running the company.

quote:

Originally posted by chellim1:

quote:

Originally posted by slosig:

quote:

Originally posted by chellim1:
I don't feel sorry for Bezos in the the least. Something tells me it's a good thing his share of Amazon will soon be split in half.

? Curious...

I have no problem with customers who buy something from Amazon if they can get it cheaper and faster.
However....
1. Bezos is building an empire of control. I'm not so sure that is good for the rest of us. It certainly isn't good that he's doing it partially on the backs of taxpayers, who are subsidizing many of his expansions and the 'special deals' he gets with the USPS.
2. Bezos is a leftist, which is evident through his ownership/control of WaPo.
3. I think his (ex)wife will do less harm.

quote:

... it seems very likely a deal was struck. And I bet a big part of the deal is the he gets to control the voting proxy on whatever chunk of AMZN shares she gets.

I'm not saying a deal has not been struck. Who knows?
But... if I were advising her, I would not recommend that she give a voting proxy to him. Why should she? 'Control' is a valuable thing. Besides, 16% of the shares isn't control anyway. I would recommend that she insist on an equal division of property, including the AMZN shares.

quote:

Originally posted by kz1000:
New wife will arrive in 2 days.

I wonder if he wised up and is leasing instead of buying this time...

https://www.wsj.com/articles/h...4bd296df677db9133af1

How the National Enquirer Got Bezos’ Texts: It Paid $200,000 to His Lover’s Brother

Amazon.com Inc. founder Jeff Bezos and his allies have publicly speculated about how the National Enquirer acquired racy texts he sent to his girlfriend, including at one point hinting Saudi Arabia or the White House may have been involved.

The reality is simpler: Michael Sanchez, the brother of Mr. Bezos’ lover, sold the billionaire’s secrets for $200,000 to the Enquirer’s publisher, said people familiar with the matter.

The inside story of the deal between American Media LLC and Mr. Sanchez, brother of Lauren Sanchez, answers many of the central questions in a high-profile fight between the nation’s best-known tabloid and the world’s richest man, including how the Enquirer obtained Bezos’ texts and photos, for how much and why the spat became so bitter and public.

Mr. Sanchez said he didn’t want to “dignify” the Journal’s reporting on the contract he struck. He described the reporting on the contract as “old rumors” from anonymous sources. Mr. Sanchez denied sending “the many penis selfies” but declined to comment on whether he provided photos of Mr. Bezos to the Enquirer.

The Enquirer approached the Amazon chief for comment on Jan. 7, according to people familiar with the matter. Two days later, Mr. Bezos tweeted that he and his wife MacKenzie were splitting up after 25 years.