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Home Wealth & Lifestyle Billionaire Watch

The Gates Divorce: Bill Gates’ Holding Company transfers $1.8bn of equities to Melinda Gates

Michael Ndu-Okeke by Michael Ndu-Okeke
May 5, 2021
in Billionaire Watch
The Gates Divorce: Bill Gates' Holding Company transfers $1.8bn of equities to Melinda Gates

Mandatory Credit: Photo by Elaine Thompson/AP/Shutterstock (10103068d) Bill and Melinda Gates pose for a photo in Kirkland, Wash. From their perch as the "unofficial deans" of big-ticket philanthropy, it's business as usual for the Gates amid questions about whether altruism by the wealthy is a force for good. They are speaking out as their annual letter reviewing their work and vision is released. This year's note focused on 2018's surprises in the areas where the Bill and Melinda Gates Foundation are involved, including global health and development and U.S. education and poverty Bill Gates Philanthropy Criticism, Kirkland, USA - 31 Jan 2019

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Details of how Bill and Melinda Gates will share the Gates’ fortune are beginning to emerge. The multi-billionaire couple announced their divorce after 27 years of marriage on Monday via a joint statement.

Since the divorce announcements, questions on how Bill’s $146bn fortune would be split, have arisen in the media. Nairametrics also did an earlier article on a few possible financial outcomes, particularly regarding the BMG Foundation that the couple jointly Chair.

More details have now emerged on the Gates asset split following the divorce.

READ: Bill Gates holds far more cash than Nigeria’s foreign reserve

Cascade transfers $1.8bn equities to Melinda Gates

Cascade Investment, a holding company Bill Gates founded with proceeds from his Microsoft Corporation yesterday transferred securities worth more than $1.8 billion to Melinda Gates following their divorce.

The securities involved include:

14.1 million shares of Canadian National Railway Co. worth about $1.5 billion

2.94 million shares in AutoNation Inc., worth $309 million.

What you should know

Melinda Gates is on her way to join the league of women who became sudden billionaires after divorcing their husbands.

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Tags: Bill GateCascade InvestmentMelinda Gate

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