Bill Gates’ firm transfers $1.8bn of equities to Melinda Gates

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Bill and Melinda Gates introduced on Monday they’re divorcing after 27 years of marriage.

Cascade Investment, a holding firm Bill Gates created with the proceeds of Microsoft Corp. inventory gross sales and dividends, transferred securities price greater than $1.eight billion to Melinda French Gates, a day after the pair introduced their divorce after 27 years of marriage.

Melinda Gates is now the helpful proprietor of 14.1 million shares of Canadian National Railway Co. price about $1.5 billion, in keeping with a Securities and Exchange Commission submitting dated May 3. The funding agency additionally transferred 2.94 million shares in AutoNation Inc., price $309 million.

Through Cascade, Gates has pursuits in actual property, vitality and hospitality in addition to stakes in dozens of public firms, together with Deere & Co. and Republic Services Inc. The couple are additionally among the many largest landowners in America.

Gates is price $145.four billion, in keeping with the Bloomberg Billionaires Index.

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