Melinda Gates now owns R70 billion across these 3 stocks as part of her divorce proceedings
- Melinda Gates' divorce from Bill Gates has already led to the division of certain stocks.
- About three stocks worth $5 billion (R70 billion) have been transferred to Melinda Gates over the past week.
- These are the three stocks that make up a bulk of the assets transferred to her.
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The divorce of Bill and Melinda Gates announced earlier this week has already led to the division of assets between the couple that's worth more than $140 billion (R2 trillion).
According to data from Bloomberg, regulatory filings made on 3 May, the same date the couple announced their divorce, Melinda Gates has already received $5 billion (R70 billion) worth of stock from Cascade Investment, a holding company founded by Bill Gates.
More asset transfers are likely over the coming weeks and months, as the separation is expected to generate a wealth transfer not seen since the divorce of Jeff Bezos and Mackenzie Scott in 2019, which led to a $38 billion (R534 billion) settlement.
Other potential stocks that could be transferred from Cascade Investment to Melinda Gates include Deere & Co., Republic Services, and Ecolab, which are heavily owned positions at the holding company.
These are the three stocks worth a combined $5 billion that have been transferred to Melinda Gates over the past week.
Ticker: AN Shares owned: 2.9 million
Market value: $314.4 million (R4.4 billion)
% of shares outstanding: 3.65%
2. Canadian National Railway
Ticker: CNR (Toronto Stock Exchange) Shares owned: 14.1 million
Market value: $1.6 billion (R22 billion)
% of shares outstanding: 1.98%
3. Grupo Televisa
Ticker: TV Shares owned: 244.6 million
Market value: $3.1 billion (R44 billion)
% of shares outstanding: 43.95%