Provided by Dow Jones
By Theo Francis and Matt Grossman Bill Gates transferred stakes in a Coca-Cola bottler, Mexican broadcaster and other companies worth nearly $2.4 billion to Melinda Gates, as two of the world s richest people began dividing their wealth after f iling for divorce. The transfers were made on Monday, the same day the billionaire philanthropists revealed on Twitter that they were ending their marriage of 27 years. The stock transfers were disclosed in securities filings on Tuesday and Wednesday. Ms. Gates is now one of the largest shareholders in two Mexican companies: bottler Coca-Cola Femsa SAB and Grupo Televisa SA, a cable company and broadcaster, according to disclosures filed with the Securities and Exchange Commission.
May 6, 2021 2 min read
In the wake of their pending divorce, Bill Gates has transferred $2.4 billion worth of stocks to Melinda, according to SEC filings.
The filings show that, through his holding company Cascade Investment, Gates transferred a 4.7% stake of Mexican soft-drink bottler Coca-Cola Femsa, a 6.7% stake of Mexican broadcasting network Televisa, a 1.9% stake of Canada National Railway and a 3.7% stake of U.S. automotive retailer AutoNation to Melinda.
According to
Business Insider, Melinda s stakes in Coca-Cola Femsa and Televisa now place her among the top shareholders of two of Mexico s largest companies. Cascade still has a 12.3% stake of Canada National Railway and 19.2% stake of AutoNation.
May 06 2021, 6:46 PM
May 06 2021, 7:56 AM
May 06 2021, 6:46 PM
(Bloomberg) Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexicoâs largest companies to Melinda French Gates, bringing the total amount sheâs received in the past few days to more than $2 billion.
(Bloomberg) Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexicoâs largest companies to Melinda French Gates, bringing the total amount sheâs received in the past few days to more than $2 billion.
Cascade moved stock worth more than $500 million in Coca-Cola Femsa and Grupo Televisa to her control, according to regulatory filings dated May 3, the same day the Gateses announced they were ending their 27-year marriage. Cascade shifted about $1.8 billion of shares in Canadian National Railway Co. and AutoNation Inc. this week to French Gates, Bloomberg reported Tuesday.
»
Bill Gates transferred stock worth about $2.4 billion to Melinda Gates on the same day they announced their divorce
Bill Gates transferred stock worth about $2.4 billion to Melinda Gates on the same day they announced their divorce
Shalini NagarajanMay 6, 2021, 21:06 IST
Melinda and Bill Gates.Michel Euler/AP Images
Tech billionaire
Melinda Gates.
He also split up stakes in a Canadian railway company and America s largest automotive retailer.
They hadn t signed a pre-nup, but are splitting property and debts under a separation contract.
Bill Gates moved stock worth nearly $2.4 billion to Melinda Gates on the same day they announced their marriage had ended.