After Stock Transfers To Ex-Wife Bill Gates Drops In Billionaire Ranking

After Stock Transfers To Ex-Wife Bill Gates Drops In Billionaire Ranking

After Stock Transfers To Ex-Wife Bill Gates Drops In Billionaire Ranking.

Bill Gates is no longer the fourth richest man in the world.

The co-founder of Microsoft Corporation, Bill Gates, dropped in Forbes’ real time billionaire ranking after transfering stock to his wife following their divorce.
Gates who was the fourth-richest man in the world dropped to the fifth position. According to Forbes, he’s now worth $129.6 billion, slightly less than Facebook CEO Mark Zuckerberg.

This was after a fresh set of stock transfers to his ex-wife Melinda French Gates who is now worth an estimated $5.6 billion.

Nearly $2.4 billion worth of stocks were on Thursday transferred to Melinda from Gates’ investment vehicle, Cascade Investment LLC.
The billionaire had transferred $3.2 billion worth of stocks to Melinda in May.

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“Melinda received 3.3 million shares of AutoNation AN +0.5%, worth about $392 million, according to SEC filings. She now owns 8.8% of the Florida-based car retailer. Cascade also transferred 2.8 million shares of farm equipment maker Deere & Co. DE +0.9% now worth $1 billion and 9,5 million shares of Canadian National Railway Company, now also worth $1 billion,” Forbes reported.

Melinda will likely receive shares from her ex-husband’s other investments; the ultimate amount she will get from him is yet to be determined.

Photo of Milford Sound in New Zealand

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Btbazes
I Bello Babatunde Moshood, The CEO of Btbazes.com, I hail from osun state, I was bred in Oyo state I'm Living in Lagos presently, I graduate from university of uyo in 2016, I start my blogging career since 2013.
About Btbazes 7027 Articles
I Bello Babatunde Moshood, The CEO of Btbazes.com, I hail from osun state, I was bred in Oyo state I'm Living in Lagos presently, I graduate from university of uyo in 2016, I start my blogging career since 2013.

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