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Melinda French Gates Has Sold A LOT MORE THAN $1 Billion Of The Stocks She Got In The Divorce Settlement From Bill Gates

THE VERY BEST Revenge: Melinda French Gates strikes a pose for photographers as she finds the annual … [+] White House Correspondents Association Dinner in Washington, Saturday, April 30, 2022.

Copyright 2022 The Associated Press. All rights reserved.

After her divorce this past year, Melinda French Gates walked away with at the very least $6.3 billion worth of stock in a variety of companies that were used in her by ex-husband Bill Gates. Shes already sold nearly 25 % of this amount.

In accordance with Forbes overview of Securities and Exchange Commission filings, French Gates has unloaded roughly $1.44 billion worth of stock (before taxes) since December 2021. By the end of this past year, she sold 3.67 million shares of car retailer AutoNation for around $429 million, leaving her with a 4% stake in the business. Round the same time, she also sold around $468 million worth of Canadian National Railway stock and $3.6 million worth of Coca-Cola FEMSA shares. In her latest sale, that was reported in July, she sold another 4.63 million shares of Canadian National Railway for $538 million. She now owns 2.2% of the railway firm, down from 3.3%.

By early September 2021, shortly after French Gates received the share transfers from Bill Gates, she was worth $6.3 billion.

A representative from Pivotal Ventures, French Gates investment and incubation company, didn’t immediately react to a obtain comment from Forbes about Melindas stock sales.

Its unclear what French Gates can do with the money. The Wall Street Journal reported earlier this season that she actually is no more committing nearly all her wealth to the Gates Foundation, the eponymous philanthropy she and Bill founded in 2000, where she remains a co-chair. Its likely a few of the money is certainly going into Pivotal, which describes itself as doing high-impact investments, partnerships and advocacy. This season, Pivotal participated in a $53 million Series B round for Ellevest, a woman-focused robo-investor platform, increasing its 2019 investment in the business. The business also became a restricted partner at venture firms Magnify Capital and Chingona Ventures.

French Gates reaffirmed her commitment to provide away nearly all her fortune in her solo Giving Pledge letter, which she updated late this past year.

I recognize the absurdity of so much wealth being concentrated in the hands of 1 person, and I really believe the only real responsible move to make with a lot of money this size is give it awayas thoughtfully and impactfully as you possibly can, she wrote.

Bill Gates, for his part, can be doubling down on offering his fortune. He transferred nearly $6.5 billion worth of Canadian National Railway and farm equipment manufacturer Deere & Co. shares to the Gates Foundation last month. Its section of a brand new $20 billion commitment to the building blocks he announced in July.

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