Bill Gates’ (Bill Gates) recent divorce split has become the focus, according to filings, Bill Gates has transferred more than $1.8 billion worth of stock to Melinda (Melinda Gates) through the holding company Cascade Investment, which has also drawn attention to Bill Gates’ financial assets, with some media listing Cascade holdings that have recently performed better, drawing attention to them.
Bill Gates’ recent divorce split in the spotlight
Investor’s Business Daily reports that Bill Gates is still the majority shareholder of Microsoft, but with the passage of time, Cascade Investment, an investment company established by Bill Gates through Microsoft’s stock gains and dividends, has become his largest asset.
Cascade is now managed by Michael Larson, the chief investment officer of the Gates Foundation, who has a stake in real estate, energy, hotels, and 10 public companies.
Bill Gates transferred more than $1.8 billion in stock to Melinda this week, including 14.1 million shares of Canadian National Railway, worth about $1.5 billion, and 2.94 million shares of U.S. auto retailer AutoNation, worth $309 million.
Canadian National Railway, one of Cascade’s major holdings, has underperformed recently, rising just 0.1% this year and 37% in the past 12 months, but AutoNation, on the other hand, is one of the best performers, up 49.6% this year and 184% in the past 12 months.
Cascade also holds 10% of the outstanding shares of Deere & Co., a manufacturer of agricultural machinery, which is up 40.8% this year and 180.3% over the past 12 months, making it Cascade’s second-best performing holding.
While most of Cascade’s holdings are in North American companies, it also owns shares in British alcoholic beverage company Diageo and London private jet company Signature Aviation.
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