Bill Gates Reportedly Transfered $1.8B in Stock to Melinda the Same Day they Announced their Divorce

On the same day the Gates‘ shocked the world with their divorce announcement, Bill reportedly transferred nearly two billion dollars in stock to Melinda.

According to a securities filing, an investment company formed by the Microsoft co-founder transferred more than 14 million shares of Canadian National Railway to Melinda Gates on Monday. That same day, more than 2.9 million shares of AutoNation, a Ft. Lauderdale, FL-based automotive retailer, were also transferred to Melinda.

Based on Wednesday’s stock prices, the Canadian National Railway holdings are worth more than $1.5 billion and the shares of AutoNation are worth about $310 million.

This stock transfer is one indication of how the billionaire couple is dividing up their assets as they go their separate ways. The couple’s divorce petition indicates that there is no prenuptial agreement. However, the pair did sign a separation agreement ahead of the filing.

Bill and Melinda Gates announced their divorce in a joint statement on Monday. The couple was married for 27 years.

 

 

 

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