Melinda becomes billionaire after her divorce with Bill Gates

Melinda French Gates is now a billionaire in her own right. Days after she and husband Bill Gates announced their divorce, the pair are “already divvying up their massive fortune”, Forbes reported.
The fortune was made in a “massive stock transfer” worth $1.8 billion on May 3 via Gates’ Cascade Investments as per SEC filings, the report said. The transfer comprised 14.1 million shares of the Canadian National Railway Company worth $1.5 billion and 2.94 million shares of AutoNation worth $309 million.
The transaction was first reported by Bloomberg News. The duo announced their separation on May 3.
Moneycontrol could not independently verify the report.
Gates uses Cascade Investments as a holding company to manage his wealth, including shares of tech giant Microsoft. Notably though, a majority of the Microsoft shares are given to the Gates Foundation and Gates personally now holds less than 1 percent.
Meanwhile, Gates’ net worth has slipped from $130.4 billion to an estimated $128.6 after the stock transfer, it added. He, however, still remains the fourth richest person in the world.

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