Saturday, 19 Jun, 2021

Melinda Gates now owns roughly $3 billion across these 3 stocks as part of her divorce proceedings

Bryan Bedder/Getty Images for THRMelinda Gates' divorce from Bill Gates has already led to the division of certain stocks.About three stocks worth..

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  • Melinda Gates' divorce from Bill Gates has already led to the division of certain stocks.
  • About three stocks worth roughly $3 billion worth have been transferred to Melinda Gates over the past week.
  • These are the three stocks that make up a bulk of the assets transferred to Melinda.
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The divorce of Bill and Melinda Gates announced earlier this week has already led to the division of assets between the couple that's worth more than $140 billion.

According to data from Bloomberg, regulatory filings made on May 3, the same date the couple announced their divorce, Melinda Gates has already received roughly $3 billion worth of stock from Cascade Investment, a holding company founded by Bill Gates.

More asset transfers are likely over the coming weeks and months, as the separation is expected to generate a wealth transfer not seen since the divorce of Jeff Bezos and Mackenzie Scott in 2019, which led to a $38 billion settlement.

Other potential stocks that could be transferred from Cascade Investment to Melinda Gates include Deere & Co., Republic Services, and Ecolab, which are heavily owned positions at the holding company.

These are the three stocks worth a combined $5 billion that have been transferred to Melinda Gates over the past week.

1. AutoNation

Ticker: AN
Shares owned: 2.9 million
Market value: $314.4 million
% of shares outstanding: 3.65%


autonation toyota dealership

2. Canadian National Railway

Ticker: CNR (Toronto Stock Exchange)
Shares owned:
14.1 million
Market value:
$1.6 billion
% of shares outstanding:
1.98%


FILE PHOTO: A Canadian National Railway train travels eastward on a track in Montreal, February 22, 2015.. REUTERS/Christinne Muschi/File Photo

3. Grupo Televisa

Ticker: TV
Shares owned: 293.5 million
Market value: $1.2 billion
% of shares outstanding: 8.79%


FILE PHOTO: The logo of broadcaster Televisa is pictured at its offices in Ciudad Juarez, Mexico, November 16, 2017. REUTERS/Jose Luis Gonzalez/File Photo
Read the original article on Business Insider


By: [email protected] (Matthew Fox)
Title: Melinda Gates now owns roughly $3 billion across these 3 stocks as part of her divorce proceedings
Sourced From: feedproxy.google.com/~r/businessinsider/politics/~3/c6QgGGifW8Q/melinda-gates-owns-5-billion-across-3-stocks-divorce-2021-5
Published Date: Mon, 10 May 2021 18:54:18 +0000

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