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Bezos and Sanchez head to Venice for marathon wedding party

Bezos and Sanchez head to Venice for marathon wedding party

Reuters5 hours ago

VENICE, June 25 (Reuters) - Amazon founder Jeff Bezos and journalist Lauren Sanchez will arrive in Venice on Wednesday, a source and local media said, for three days of lavish VIP parties to celebrate their wedding in the romantic lagoon city despite protests from locals.
Around 90 private jets are set to land in local airports this week, bringing A-listers from showbusiness, politics and finance to the widely-dubbed "wedding of the century" that will cost Bezos an estimated 40-48 million euros ($46-$56 million).
Festivities will kick off on Thursday night with an open-air gathering in the cloisters of Madonna dell'Orto, a medieval church in the central area of Cannaregio known for its lively nightlife, a source close to the matter told Reuters.
Stringent security may be needed here to isolate the celebrities from activists who have been protesting for weeks that the celebrations will turn the city of gondolas and palazzi into a private amusement park for the rich.
"There's only one thing that rules now: money, money, money, so we are the losers," said Venice resident Nadia Rigo.
"We who were born here have to either move to the mainland or we have to ask them for permission to board a ferry. They've become the masters."
The date and venue of the wedding itself are still unknown and some have speculated that Bezos, 61, and Sanchez, 55, may already have tied the knot in a private ceremony back in the United States.
Most of the estimated 250 guests are expected to arrive in time for the second party, which the source said is slated for Friday on the small island of San Giorgio, in front of the famed St. Mark's Square with its 99-metre-high (108 yard) bell tower.
San Giorgio island is home to the Cini Foundation, which organises international cultural and political meetings in an ancient monastery dating back to the year 1000, with a maze in the garden.
Outside the exclusive Aman Venice Hotel on the Grand Canal, where many of the guests will stay, workers erected a striped canvas canopy with side walls on a floating wharf to protect guests from prying eyes and photographers' long lenses.
Celebrations will conclude on Saturday with the main wedding bash to be held at one of the halls of the Arsenale, a vast former medieval shipyard turned into an art space in the eastern Castello district.
Surrounded by water and impossible to reach by land when connecting bridges are raised, the hall is considered a safer site than a previous location choice for the final party, a former medieval religious school in Cannaregio.
Bezos, executive chair of e-commerce giant Amazon and no. 4 on Forbes' billionaires list, got engaged to Sanchez in 2023, four years after the collapse of his 25-year marriage to Mackenzie Scott.
The couple's decision to marry in Venice follows other celebrity weddings in the floating city, such as that of U.S. actor George Clooney and human rights lawyer Amal Alamuddin in 2014.
(1 = 0.8620 euros)

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Prenup gymnastics that protect Jeff Bezos' billions from Lauren Sanchez after 'historic' payout to first wife
Prenup gymnastics that protect Jeff Bezos' billions from Lauren Sanchez after 'historic' payout to first wife

Daily Mail​

time25 minutes ago

  • Daily Mail​

Prenup gymnastics that protect Jeff Bezos' billions from Lauren Sanchez after 'historic' payout to first wife

The world's second-richest man, Jeff Bezos, is set to get married to his glamorous girlfriend, Lauren Sanchez in just days - and many have been left wondering if they have a prenup in place. The multi-billionaire Amazon founder, 61, and Sanchez, 55, are already in Venice, Italy ahead of their blockbuster wedding on Saturday. It remains unclear if Bezos and Sanchez have a prenup. He did not have one with his previous wife, philanthropist Mackenzie Scott. The couple, who were married for 25 years, got divorced in 2019. They didn't have a prenuptial agreement to dictate their division of assets, leaving Scott with a monstrous payout. Scott, 55, received 25 percent of their shared stake in Amazon - roughly $35 billion - and became one of the wealthiest women in the world. Bezos kept 75 percent of their stock and her voting control in the company. 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In fact, one attorney told the outlet they had a client seeking a $1 million payout for each affair. Randall Kessler, another divorce lawyer, said many of the cheating stipulations in prenups are included in agreements with NBA players because they 'are known to have affairs.' Nancy Chemtob, a divorce attorney based in the Big Apple, said every single prenup is a 'power play.' 'Every prenuptial agreement is a power play. It's exciting for them to have this control,' Chemtob, who has not worked with Bezos or Sanchez, added. And, according to Kessler, an Atlanta-based divorce lawyer who has no ties to the famous couple, leverage in the agreements almost always goes toward the partner who cares less about the marriage. 'If you're willing to walk away, you hold all the cards,' he noted. Although prenups are set up to make sure each spouse gets their share of assets in the case of a divorce, Cohen said he often notices a fair trend in the process. 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They then continued to play tunes like Nina Simone's I'm Feeling Good, Lovely Day by Bill Withers and Brown Eyed Girl by Van Morrison. Jeff and Lauren mixed the hits with a selection of traditional Italian music as they prepared for their big day. Around 90 private jets are set to land in local airports this week, bringing A-listers from show business, politics and finance to the widely-dubbed 'wedding of the century'. The celebrations are expected to kick off on Thursday and end on Saturday. But the historic venue that Bezos and Sanchez chose for part of their $20 million bash is covered in scaffolding, Daily Mail can reveal. Bezos got engaged to Sanchez in 2023, four years after the collapse of his marriage to Scott.

Ferrari Stock is as Pricey as Its Cars. Have Investors Lost Their Minds?
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Ferrari Stock is as Pricey as Its Cars. Have Investors Lost Their Minds?

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His car failed to finish in that race but was victorious this past weekend. These two comeback stories not only showcase how hard it is to succeed in motorsports but also how sweet the victory is. So, is Ferrari's stock as sweet as Ferrari's motorsports victory at Le Mans this year? #83 AF Corse Ferrari 499P of Robert Kubica, Yifei Ye, and Philip Hanson — Source: NurPhoto/Getty Images Here's the thing about Ferrari. It's not just a car company. It's a lifestyle brand. Sure, the core of its business is selling cars, but its cars are not transportation. So, Ferrari should not trade like a regular car company. You could say the same about Tesla, which trades on car sales but also on the reputation of CEO Elon Musk and assumptions about the electric-vehicle company's growth in AI and robotics. Surely, however, Ferrari should trade like a regular stock? The S&P 500 has a PE of approximately 28, which is relatively high historically. Even Alphabet has a PE below 20. 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Amazon's Ring launches AI-generated security alerts
Amazon's Ring launches AI-generated security alerts

NBC News

time42 minutes ago

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Amazon's Ring launches AI-generated security alerts

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