MELINDA GATES DIVORCE SETTLEMENTS MAKES HER AN INSTANT BILLIONAIRE
The Bill and Melinda Gates divorce is almost completed as Bill Gates transfer some stocks to Melinda according to settlements contracts
Bill Gates is reported transferring assets especially stocks to his wife for their divorce settlements. Melinda received 2.94 million shares of AutoNation and 14.1 million shares of Canadian National Railway Co., which are worth $309 million and $1.5 billion respectively.
Bill uses Cascade Investment, a holding company based in Kirkland, Washington, to manage his money, including the proceeds from selling Microsoft shares. Bill at one point owned a significant slice of Microsoft, but has given away (to the Gates Foundation) or sold most of his stake over the years and now holds less than 1%.
The stock transfer is almost certainly part of Bill and Melinda’s divorce settlement. While it’s unclear if they signed a prenup, according to their divorce filing Bill and Melinda asked a judge in Washington state to divide their assets based on the terms of a separation contract—a document that is typically signed when spouses are living apart but have not yet divorced. The terms of the contract weren’t disclosed. Bill may have also transferred other assets to Melinda in non-public transactions.
The transfer of some of the known assets have seen Melinda Gates turning to a billionaire overnight, while his former husbands wealth dwindled significantly.
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