Microsoft co-founder and billionaire Bill Gates is giving soon-to-be ex-wife Melinda Gates 14.1 million shares of Canadian railway CN (NYSE: CNI), according to a Monday filing to the U.S. Securities and Exchange Commission and various news reports.
Bill and Melinda Gates announced the end of their 27-year marriage via Twitter on Monday.
According to the Monday filing, Bill Gates owned 87.3 million shares through Cascade Investment, Gates’ holding company. He jointly owned with Melinda Gates through the Bill and Melinda Gates Foundation Trust an additional 13.9 million shares.
CN’s 2021 management circular dated March 9 describes Bill Gates as having 14% of CN’s shares or 16% of CN’s shares including the trust. Through Cascade, Bill Gates is considered CN’s largest shareholder.
The Financial Post estimates that the CN shares given to Melinda Gates are worth about $1.5 billion. Bill Gates also gave her 2.9 million shares of AutoNation, worth about $310 million, putting the total given to Melinda Gates at more than $1.8 billion, according to The Wall Street Journal.
Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox.
Click here for more FreightWaves articles by Joanna Marsh.
Related links:
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now