NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

Google Co-Founder, World's 6th Richest Person, Files For Divorce.

Google Co-Founder, World's 6th Richest Person, Files For Divorce

Sergey Brin Divorce: Sergey Brin is Google co-founder and world's sixth-richest person.

Sergey Brin, the Google co-founder and world's sixth-richest person, filed for a divorce from his wife of three years, making him the third mega-billionaire to do so in as many years.

Brin filed a petition for dissolution of his marriage to Nicole Shanahan this month, citing "irreconcilable differences," according to court documents. The couple, who have a three-year-old son, took steps to keep the details of the split private, requesting that documents be sealed by the court.

"Because of the high profile nature of their relationship, there is likely to be significance public interest in their dissolution case and any potential child custody issues," according to the filing in Santa Clara, California.

Brin, 48, has a fortune of $94 billion, according to the Bloomberg Billionaires Index, derived largely from his holdings in Google, the company he co-founded wth Larry Page in 1998 that later formed the holding company Alphabet Inc. Both he and Page left Alphabet in 2019, although they remain on the board and still are the controlling shareholders.

Brin's earlier marriage to 23andMe co-founder Anne Wojcicki ended in divorce in 2015.

His most recent split comes a year after Bill Gates and Melinda French Gates announced the dissolution of their marriage and about three years after Jeff Bezos and MacKenzie Scott divorced. At the time, Gates and French Gates had a $145 billion fortune to divide, while Bezos and Scott had $137 billion at stake when they broke up.

It's likely Brin and Shanahan have a prenuptial agreement since the relationship began long after he became a billionaire, said Monica Mazzei, a partner at Sideman & Bancroft LLP in San Francisco. But because the case is being handled by a private judge, "we will never know the details" of the divorce, she said.

Philanthropy could also play a role in the divorce agreement, Mazzei said. Shanahan created the Bia-Echo Foundation, whose focus is on "longevity and equality, criminal justice reform and a healthy and livable planet," according to its website. The foundation reported $16.7 million in assets and made $7.4 million in grants, according to its 2019 tax filing, the most recent available.

Mazzei said divorce agreements often include the support of an ex-spouse's philanthropy because it's mutually beneficial: The grantor gets a tax break and the grantee gets agency over their charitable giving. Brin was the only contributor to the foundation, according to the tax form, with a gift that year of more than $23 million.

A representative for the Bia-Echo Foundation didn't return a call requesting comment.

Scott has become the world's most prolific philanthropist since her split from Bezos, granting billions of dollars to a wide range of causes thanks to the 4% stake in Amazon.com Inc. she ended up with in 2019.

Following the Gateses' divorce, their focus has also turned to philanthropy. Unlike Scott and Bezos, the former couple had already made their name as mega-donors with their Bill and Melinda Gates Foundation and there were questions about how the $50 billion charitable engine would be affected.

French Gates has since turned attention to her own philanthropic investment firm Pivotal Ventures, which was started in 2015 with a focus on implementing "innovative solutions to problems affecting U.S. women and families."

Останні новини

Video Shows Toxic Gas Leak At Jordan Port, 12 Killed.

A crane loading chlorine tanks onto a ship in Jordan's port of Aqaba on Monday dropped one of them, causing a huge explosion of toxic yellow smoke that reportedly killed 12 people and injured more...

NDTV News

Pro-life centers in danger amid Roe protests

Pro-life centers in danger amid Roe protests

Mountain Area Pregnancy Services executive director Kristi Brown weighs in on her crisis pregnancy center being vandalized in the lead-up to the Supreme Court's ruling on abortion on 'Lawrence Jones Cross Country.' #foxnews Subscribe to Fox News! ...

1 23

Biden and the Democratic Party are against US energy independence: GOP lawmaker.

Biden and the Democratic Party are against US energy independence: GOP lawmaker.

New York Rep. Lee Zeldin weighs in on President Biden's fossil fuel policies impact on Americans and reacts to the Supreme Court's ruling on New York's gun law on 'Unfiltered with Dan Bongino.' #FoxNews #Fox Subscribe to Fox News! Watch more Fox N...

2 34

This is out of control: Blue Lives Matter-NYC founder.

This is out of control: Blue Lives Matter-NYC founder.

Blue Lives Matter-NYC founder Joseph Imperatrice reacts to progressive policies on skyrocketing crime and calls for no politics in law enforcement on ‘Unfiltered.’ #FoxNews #Unfiltered Subscribe to Fox News! Watch more Fox News Video: Watch Fox Ne...

Sophy Ridge on Sunday with Trevor Phillips: Brandon Lewis, David Lammy and Daisy Cooper.

Sophy Ridge on Sunday with Trevor Phillips: Brandon Lewis, David Lammy and Daisy Cooper.

Sky's Trevor Phillips discusses Boris Johnson's leadership and rail strikes with Northern Ireland Secretary Brandon Lewis, Labour's David Lammy and Lib Dems deputy leader Daisy Cooper. SUBSCRIBE to our YouTube channel for more videos: Follow us on...

2

25-year-old deputy killed responding to domestic incident.

25-year-old deputy killed responding to domestic incident.

Spartanburg County Sheriff's Office sheriff Chuck Wright discusses the incident that led to deputy Austin Derek Aldridge's death and weighs in on the growing crime in the United States on 'Lawrence Jones Cross Country.' #FoxNews #Fox Subscribe to ...

Live: World leaders meet for G7 summit 2022 - DW News.

Live: World leaders meet for G7 summit 2022 - DW News.

G-7 leaders are in the southern German state of Bavaria for the group's annual summit. US president Joe Biden touched down in Munich late Saturday, on his first trip to Germany since taking office. Earlier French President Emmanuel Macron received...

2