in ,

Bill Gates’ company transfers $1.8bn of equities to Melinda Gates | Philanthropy News

Bill and Melinda Gates announced on Monday they are divorcing after 27 years of marriage.

Cascade Investment, a holding company Bill Gates created with the proceeds of Microsoft Corp. stock sales and dividends, transferred securities worth more than $1.8 billion to Melinda French Gates, a day after the pair announced their divorce after 27 years of marriage.

Melinda Gates is now the beneficial owner of 14.1 million shares of Canadian National Railway Co. worth about $1.5 billion, according to a Securities and Exchange Commission filing dated May 3. The investment firm also transferred 2.94 million shares in AutoNation Inc., worth $309 million.

Through Cascade, Gates has interests in real estate, energy and hospitality as well as stakes in dozens of public companies, including Deere & Co. and Republic Services Inc. The couple are also among the largest landowners in America.

Gates is worth $145.4 billion, according to the Bloomberg Billionaires Index.

Source | aljazeera

Financial Express - Business News, Stock Market News

Steel makers raise prices by up to Rs 4,500 per tonne

The IPL 'unanimously decided' to postpone the season following a rise in coronavirus cases

NASSER HUSSAIN: The mistake was staging the IPL in India… it should have been held in the UAE