May 28, 2019

MacKenzie Bezos pledges half her $37 billion fortune to charity

Amazon CEO Jeff Bezos and his ex-wife, MacKenzie Bezos. Photo: JΓΆrg Carstensen/picture alliance via Getty Images

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, announced Tuesday that will give half of her personal fortune to charity as a part of Warren Buffett and Bill Gates' Giving Pledge:

"We each come by the gifts we have to offer by an infinite series of influences and lucky breaks we can never fully understand. In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share."

By the numbers: After the couple's divorce in April, MacKenzie Bezos retained 25% of their jointly owned shares in Amazon, making her worth an estimated $36.6 billion.

Go deeper: Forbes' 2019 billionaires are worth a combined $8.7 trillion

Go deeper

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 β€” while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 5 hours ago - Health

Axios Dashboard

Keep up with breaking news throughout the day β€” sign up for our alerts.

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.