Invoice Gates Transfers Almost $2.4 Billion Value of Inventory to Melinda Gates Amid Divorce


Invoice Gates

transferred stakes in a

Coca-Cola

bottler, Mexican broadcaster and different firms value practically $2.4 billion to

Melinda Gates,

as two of the world’s richest individuals started dividing their wealth after filing for divorce.

The transfers had been made on Monday, the identical day the billionaire philanthropists revealed on Twitter that they had been ending their marriage of 27 years. The inventory transfers had been disclosed in securities filings on Tuesday and Wednesday.

Ms. Gates is now one of many largest shareholders in two Mexican firms: bottler Coca-Cola Femsa SAB and Grupo Televisa SA, a cable firm and broadcaster, in response to disclosures filed with the Securities and Alternate Fee.

Her 4.9% stake in Coca-Cola Femsa was value about $121 million at Wednesday’s shut, whereas her 6.7% Televisa stake was value about $386 million.

Mr. Gates additionally transferred to his spouse a few of his holdings in

Canadian National Railway Co.

and

AutoNation Inc.,

the most important proprietor of U.S. automotive dealerships, in response to different SEC filings. The railway stake, about 1.9% of the corporate, was valued at $1.55 billion at Wednesday’s closing value; the AutoNation shares, about 3.7% of the corporate, had been value about $307 million.

The general public investments are a part of a fortune that’s estimated to be greater than $130 billion, in response to Forbes journal. The couple will probably be dividing their belongings in response to an settlement that they negotiated earlier than Ms. Gates filed a petition for divorce in King County, Wash., on Monday, calling her marriage to Mr. Gates “irretrievably damaged.”

Mr. Gates has bought off or donated most of his stake in

Microsoft Corp.

, the software program firm he co-founded and ran for many years. He held a 1.3% stake, value about $25.4 billion at Wednesday’s shut, as of October 2019, about 5 months earlier than he stepped down from the Microsoft board. The couple have pledged to offer away most of their wealth and over time have donated greater than $36 billion to their philanthropy, the Bill & Melinda Gates Foundation.

Over time, his money managers invested in dozens of firms by way of his funding agency Cascade Funding LLC, which disclosed a few of this week’s transfers. Cascade continues to personal about 12.3% of the Canadian railway and 19.2% of AutoNation. It was not listed as an proprietor within the filings for Coca-Cola Femsa or Televisa.

Securities laws require traders to reveal important modifications in holdings in the event that they management greater than 5% of an organization’s shares. Cascade additionally has reported holding sizable stakes in different firms, together with trash haulers

Waste Management Inc.

and

Republic Services Inc.,

cable and broadband operator Liberty World PLC, and conglomerate

Berkshire Hathaway Inc.,

amongst different firms.

A Cascade spokesman declined to remark past public disclosures, and a spokeswoman for Ms. Gates didn’t instantly reply to a request for remark.

Regardless of their plans for divorce, Mr. Gates and Ms. Gates have mentioned they’d proceed to work collectively at their basis, which provides away billions yearly because it goals to deal with world causes comparable to poverty and illness. They’re co-chairs and trustees of the inspiration.

The Gateses and Philanthropy

Write to Theo Francis at [email protected] and Matt Grossman at [email protected]

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Appeared within the Could 6, 2021, print version as ‘Shares Value $2.4 Billion Moved to Melinda Gates.’



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