Sergey Brin, filed for divorce from his wife of three years, the third billionaire in as many years, Google co-founder and the world’s sixth wealthiest man. “Irreconcilable issues” were mentioned as the reason for Brin’s divorce suit from Nicole Shanahan in January, reports Business Insider.
The couple, who have a three-year-old boy, requested that court records pertaining to the divorce be sealed in order to maintain their privacy. There is expected to be a significant public interest in this case because of the high-profile nature of their connection, according to the Santa Clara, California, filing.
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In 1998, he co-founded Google with Larry Page and together they went on to build the holding company Alphabet Inc. Brin, 48, which has an estimated net worth of $94 billion, according to the Bloomberg Billionaires Index. In 2019, he and Page both resigned from Alphabet, although they remain on the board and still own a majority stake in the company.
Former Google co-founder Brin Wojcicki divorced him in 2015 after their first marriage broke down. Bill Gates and Melinda French Gates announced their divorce last year, while Jeff Bezos and MacKenzie Scott separated three years before. While Bezos and Scott had $137 billion at risk, Gates and French Gates had $145 billion at stake when they split up.
Google co-founder Sergey Brin who’s worth $93 billion files for divorce. He’s now the 4th multi billionaire to divorce in the last year. pic.twitter.com/PIJB9iJzQd
— SAY CHEESE! 👄🧀 (@SaycheeseDGTL) June 19, 2022
Monica Mazzei, a partner at Sideman & Bancroft LLP in San Francisco, thinks it’s very possible that Brin and Shanahan have a prenuptial agreement since the relationship started long after he became a millionaire. However, since the divorce is being handled by a private court, “we will never know the specifics,” according to her.
According to Mazzei, philanthropy may potentially play a part in the divorce arrangement at some point. According to the website for the Bia-Echo Foundation, which Shanahan established, the organization’s mission is to promote “longevity and equality as well as criminal justice reform and a healthy and sustainable earth.”
The foundation claimed to have assets worth $16.7 million and has given gifts of $7.4 million, according to its tax filing for 2019, which is the most current one that is available.
According to Mazzei, divorce settlements often include the support of an ex-charitable spouse’s giving since it is advantageous for both parties: the grantor receives a tax deduction, while the grantee maintains control over their charitable contributions. According to the tax form, Brin was the only person who gave more than $23 million to the foundation during that given year. He was the donor with the largest donation.
After seeing some high-profile divorces in recent years (Jeff Bezos, Bill Gates, Sergey Brin etc.), it makes you really wonder why these billionaires don’t have life-long marital relationships..#Billionaires
— Taranvir Singh (@taranvirkaonke) July 3, 2022
A call sent to the Bia-Echo Foundation for comment was not returned by a representative of the organization.
Since her divorce from Jeff Bezos, Scott has become the most active philanthropist in the world. She has donated billions of dollars to a broad variety of charities, all owing to the 4 percent share in Amazon.com Inc. that she ended up in 2019.
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In the wake of the Gateses’ divorce, they have shifted their attention to charitable work as well. The previous pair had already earned their reputation as mega-donors with their Bill and Melinda Gates Foundation, and there were doubts about how the $50 billion charity engine would be impacted. Unlike Scott and Bezos, the former couple had already established themselves as philanthropists.
Since then, French Gates has shifted her emphasis to her own charitable investment organization, Pivotal Ventures. Pivotal Ventures was established in 2015 with the aim of implementing “new solutions to challenges impacting U.S. women and families.”
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Rebecca Martin is an author of thrillers for both adults and teens. She was born in San Francisco and has lived most of her life in Los Angeles. When not writing, she can be found hiking the Griffith Park trails, taking the Metro and then questioning this decision, and haunting local bookstores.