to the Bill & Melinda Gates Foundation–part of a move to step up the giving by the philanthropic group–he didn’t share any details about which assets he was giving up.found that, according to a recent filing with the Securities and Exchange Commission, a significant chunk of his gift was a transfer in late July of about 44.5 million shares of Canadian National Railway–worth nearly $5.2 billion. That leaves Bill Gates with a 1.4% stake in the company, worth $1.
Gates’ Cascade investment firm had already been trimming its stake in the Canadian railway company. Last year heto Melinda French Gates as part of their divorce settlement. In March and April this year, Gates sold about $940 million worth of Canadian National Railway stock, as first reported by Bloomberg. In May he sold another batch of shares, worth $730 million. Gates has owned a stake in the company, via Cascade, since at least 2013.
Late last month Gates also gave the Gates Foundation nearly $1.3 billion worth of his shares in tractor and farm equipment maker Deere & Co., per an SEC filing. Gates now owns a stake 6.5% in Deere, worth about $6.7 billion. He also transferred some of his Deere & Co. shares to Melinda French Gates in August 2021 as part of their divorce settlement. Shares of Deere have fallen about 5% so far this year.
Together, the gifts of Canadian National Railway and Deere & Co. shares account for just under one third of the $20 billion that Gates said he was giving to the Gates Foundation. A spokesperson for Gates did not reply to a request for comment on which other stocks or assets Gates transferred.of the World’s Billionaires, to No. 5 richest in the world. India’s Gautam Adani moved into the No. 4 spot. As of Tuesday afternoon following the close of trading, Gates was worth an estimated $109.
Through his Cascade investment firm, Gates also owns stakes in waste management companies Republic Services and Waste Management and car seller AutoNation, among others. Gates is believed to own about $28.6 billion worth of Microsoft stock, a bit over 1% of the company. He stopped reporting his ownership stake in Microsoft in 2020 after he stepped down from the board of directors.
KerryDolan Blessed are the heart of the rich who lays down opportunities to less fortunate and needy people. I just hope that this was the intention.
KerryDolan የተከበርክብልጌት አድናቂህነኝ አለምን በቤቱ ሆኖለመገናኘት ያበቃሀት ከፈጣሪ በታች አንተንሀያልባለፈጠራ ነህና እጅግም አድናቂህነኝ ያልተማርኩብየነው እንጂ ብዙ አጫውትህ ነበረ።።
KerryDolan For anyone wondering, he gifted Canadian National Railway and John Deere stock to his foundation. Of course in the $billions
KerryDolan The key to understanding The Gates Foundation is that you are not allowed anywhere near the gates.
KerryDolan Smart move 👌
KerryDolan Tax evasion?
KerryDolan Damn 💰💰