After announcing they were ending their marriage of 27 years, it has been revealed that Microsoft co-founder Bill Gates made a generous stock transfer to Melinda on the same day.
Cascade Investment, a holding company that the Microsoft co-founder formed to manage much of his financial assets, transferred more than 14 million shares of Canadian National Railway to Melinda Gates on Monday, according to a securities filing.
Based on Wednesday’s stock prices, the Canadian National Railway holdings are worth more than $US1.5 billion and the shares of AutoNation, a Florida-based company that sells cars, are valued at over $US300 million .Footage from Bill and Melinda Gates wedding. Melinda posted it on her Facebook account for their 25th wedding anniversary.The transferred shares represent more than 3 per cent of all outstanding AutoNation stock, and about 2 per cent for that of The Canadian National Railway.
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