Details of how Bill and Melinda Gates will share the Gates’ fortune are beginning to emerge. The multi-billionaire couple announced their divorce after 27 years of marriage on Monday via a joint statement.
Since the divorce announcements, questions on how Bill’s $146bn fortune would be split, have arisen in the media. More details have now emerged on the Gates asset split following the divorce.
Cascade transfers $1.8bn equities to Melinda Gates
Cascade Investment, a holding company Bill Gates founded with proceeds from his Microsoft Corporation yesterday transferred securities worth more than $1.8 billion to Melinda Gates following their divorce.
The securities involved include:
14.1 million shares of Canadian National Railway Co. worth about $1.5 billion
2.94 million shares in AutoNation Inc., worth $309 million.
Reports have it that Melinda Gates is on her way to join the league of women who became sudden billionaires after divorcing their husbands.