Billion dollar stock market move: what Bill Gates did the same day he announced his divorce from Melinda

Cascade investment, the holding company created by Bill Gates, transferred shares of two of Mexico’s largest companies Melinda French Gates, so the total amount you received in the last few days exceeds $ 2 billion.

Cascade transferred over USD 500 million to its controlling shares in Coca-Cola Femsa and Grupo Televisaaccording to regulatory documents dated May 3, the same day the Gates announced the end of their 27-year marriage. Cascade this week transferred approximately $ 1.8 billion in shares of National Railway of Canada Company and AutoNation Incorporated a French Gates, informó Bloomberg.

The dissolved marriage had not signed a prenuptial contract, but divided property and debts under a “separation contract”.

Their separation is expected to result in a wealth transfer on a scale that has only been observed in a few divorces, although few details have yet emerged. Could also have ramifications for one of the largest philanthropic organizations of the planet. The Bill and Melinda Gates Foundation donated over $ 50 billion to support healthcare, education, gender equality and climate change efforts.

Cascade has transferred a stake of approximately 120 million USD in Coca-Cola Femsa and a stake estimated at around 386 million USD in Grupo Televisa to French Gates, based on Bloomberg calculations based on deposits.

Melinda now owns a 4.7% stake in Coca-Cola Femsa, worth $ 121 million, and a 6.7% stake in Grupo Televisa, worth $ 386 million. This places her among the major shareholders of two of Mexico’s largest companies, As reported Business intern.

Gates transferred to his control the shares of America’s largest car dealership, a Coca-Cola bottler, a Mexican broadcaster and a railroad company.

Bill Gates has also moved some of his properties to National Railway of Canada and AutoNation his ex-wife, according to the documents. Its 1.9% stake in Canada’s longest rail network was valued at 1.5 billion USD, while its 3.7% stake in the $ 307 million auto retailer at Wednesday’s closing price.

Microsoft co-founder Gates, 65, is worth $ 144.2 billion, according to the Billionaires Index of Bloomberg. French Gates, 56, was a Microsoft manager who gained international notoriety by co-managing the foundation, and more recently by creating Pivotal companies, an investment and incubation company to advance “social progress” in the United States.

Bill Gates transferred nearly $ 2.4 billion in shares to Melinda on the same day they announced their marriage was over.

the Bill Gates’ greatest asset is Cascade Investment, which he created with the proceeds of Microsoft stock sales and dividends. Cascade oversees a large portfolio including real estate, energy and hospitality, as well as stakes in dozens of publicly traded companies.

Doors are also among the largest US landowners and they have homes that include their 20,000 square foot mansion in Medina, Washington.

Bill Gates sold or donated most of his stake in Microsoft, which he carried out for about 34 years. Currently owns 1% from the tech company and is worth around $ 144 billion. Billionaire philanthropists have spent much of their $ 130 billion fortune on charity through the Bill and Melinda Gates Foundation.

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