Bill Gates’ company transfers $1.3B worth of stock to Melinda Gates
American investment and holding company, Cascade Investment, L.L.C controlled by Bill Gates has transferred stock worth more than $1 billion the same day the business magnate’s announcement of the couple’s mutual separation in a tweet on Monday.
A security filing says the firm transferred more than 14 million shares of Canadian National Railway which represent 3% of the company’s outstanding stocks and were transferred to Melinda on the same day of the separation news. Another filing claims more than 2.9 million shares of AutoNation, an American automotive retailer based in Fort Lauderdale which represents 2% of the outstanding stock were also transferred to her on that day. The former shares according to Wednesday’s prices are worth more than $1.5 billion whereas the latter ones are around $300 million.
One of the world’s richest couple, they never signed a prenuptial agreement for splitting up their $130 billion worth of property and possessions but rather signed a separation contract. Just after a few hours after Bill’s public announcement on Twitter regarding the divorce, there was no information regarding the financial aftermath that would follow proceeding what could be one of the world’s most high profile divorces.
Things that are yet to be public are the splitting up of the couple’s massive 240,000 acres of landholdings across the U.S. making them the country’s biggest landowner. Secondly, the terms and conditions regarding the separation contract signed by the multi-billionaire couple are also unknown.
