When Amazon founder Jeff Bezos announced that he was divorcing his wife of 25 years, the news appeared in many media outlets. Many Florida residents may be wondering what will happen to Bezos’ massive fortune. Once the divorce is through, he may no longer be considered the richest man in the world.
Even though no one knows exactly how the Bezos family’s wealth will be split, there are a few determinants that could give an idea. Normally, a pre-marital agreement, or even a post-marital one, will dictate property division. If the couple does not have one, the primary determinant will be geographic location. In other words, the state in which the Bezos family resides will decide how the wealth will be split.
In some states, such as Florida, divorce law can dictate that the couples should resort to an equitable distribution. This means that each party will be rewarded with an amount based on various reasons, including their contribution to the creation of the wealth.
Other states, such as the Bezos’ home of Washington, have a legal standard called community property. This is where everything amassed during a marriage is split down the middle and each party gets half. In such a scenario, which is very likely, Jeff Bezos would lose half his fortune and, with it, his title as the richest man in the world.
When it’s all said and done, the Bezos’ divorce is just like any other divorce. Whether it ends peacefully or not depends on their emotions and personalities. No matter how much wealth a divorcing couple may have, it’s important that each party seek out legal counsel. A family law attorney can help a client obtain a fair settlement.