bill gates gives melinda 1.8 billion in stock amid divorce
Bill Gate and Melinda [photo courtesy]
byMay 6, 2021
Those who thought Bill Gate and his wife Melinda's divorce was shocking should brace themselves for more astonishing news.
It is alleged that Bill Gates paid nearly $2 BILLION the same day she filed for divorce, and this revelation is a sign they were working out the property settlement long before the divorce announcement.
The transaction went down like this, an investment firm controlled by Bill transferred millions of shares in two companies to Melinda Monday, the same day the billionaires announced the end of their marriage.
Bill's investment firm, Cascade Investment LLC, sent Melinda more than 14 million shares of Canadian National Railway Co. and more than 2.9 million shares of AutoNation Inc … according to docs obtained by TMZ.
Based on Wednesday's stock prices, the shares are worth north of $1.8 billion, including about $1.53 billion in Canadian National Railway shares and about $310 million on AutoNation shares.
They signed a separation agreement ahead of the divorce filing, and the stock transfer indicates they are already down the road in dividing assets.