Cascade Investment, a holding company Bill Gates created with the proceeds of Microsoft Corp. stock sales and dividends, transferred securities worth more than $1.8 billion to Melinda French Gates, a day after the pair announced their divorce after 27 years of marriage, Report informs referring to Bloomberg.
Melinda Gates is now the beneficial owner of 14.1 million shares of Canadian National Railway Co. worth about $1.5 billion, according to a Securities and Exchange Commission filing dated May 3. Cascade also transferred 2.94 million shares in AutoNation Inc., worth $309 million.
Through Cascade, Gates has interests in real estate, energy and hospitality as well as stakes in dozens of public companies, including Deere & Co. and Republic Services Inc. The couple are also among the largest landowners in America.
Gates is worth $145.4 billion, according to the Bloomberg Billionaires Index.