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’ review of Securities and Exchange Commission filings, French Gates has unloaded roughly $1.44 billion worth of stock since December 2021. At the end of last year, she sold 3.67 million shares of car retailer AutoNation for an estimated $429 million, leaving her with a 4% stake in the company. Around the same time, she also sold around $468 million worth of Canadian National Railway stock and $3.6 million worth of Coca-Cola FEMSA shares.
As of early September 2021, not long after French Gates received the share transfers from Bill Gates, she was worth $6.3 billion. A representative from Pivotal Ventures, French Gates’ investment and incubation company, did not immediately respond to a request for comment fromWall Street Journalearlier this year that she is no longer committing the majority of her wealth to the Gates Foundation, the eponymous philanthropy she and Bill founded in 2000, where she remains a co-chair. It’s possible some of the money is going into Pivotal, which describes itself as doing “high-impact investments, partnerships and advocacy.
French Gates reaffirmed her commitment to give away the majority of her fortune in her solo Giving Pledge
Yeah the flurry of bad press on Mr Gates suddenly stopped as soon as the settlement was reached …. She wins as an aftermath she got really paid well for putting up with a nerd
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Bill Gates Transferred Billions Of Dollars’ Worth Of These Two Stocks To The Gates FoundationI'm a San Francisco-based Assistant Managing Editor with a focus on the world's richest people. I oversee the massive reporting effort that goes into Forbes' annual World's Billionaires list. My reporting has won several awards: In 2014, I won an Overseas Press Club award for an article I wrote about Saudi Arabian billionaire investor Prince Alwaleed bin Talal; I also won a Gerald Loeb Award with co-author Rafael Marques de Morais for an article we wrote about Isabel dos Santos, the eldest daughter of Angola's former president. Over more than two decades, reporting for Forbes has taken me to 17 countries on four continents, from the streets of Manila to palaces in Saudi Arabia and Mexico's presidential residence. Follow me on Twitter KerryDolan My email: kdolan[at]forbes[dot] com Tips and story ideas welcome. KerryDolan Tax evasion? KerryDolan Damn 💰💰 KerryDolan The key to understanding The Gates Foundation is that you are not allowed anywhere near the gates.
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