Bill Gates reportedly transferred another $850 million in shares to Melinda, taking total transfers since their divorce to nearly $4 billion

2021 05 03T214707Z_584346641_RC2L8N95S48I_RTRMADP_3_PEOPLE BILL GATES DIVORCE.JPG
Bill and Melinda Gates are divorcing after 27 years of marriage.

  • Bill Gates transferred $850 million in shares to Melinda French Gates last week, the Wall Street Journal reported.
  • The reported transfer of shares in the equipment manufacturer Deere equates to around 7% of Gates’ stake in the company.
  • French Gates has now received nearly $4 billion worth of stock from Gates since their divorce announcement.
  • See more stories on Insider’s business page.

Bill Gates has transferred $850 million more in shares to Melinda French Gates amid the couple’s divorce, the Wall Street Journal reported on Tuesday.

The Microsoft co-founder transferred 2.25 million shares of equipment manufacturer Deere, brand name John Deere, to French Gates through his investment firm, Cascade Investment LLC, on Thursday, according to a securities filing seen by the Journal.

The total value of publicly disclosed transfers to French Gates now adds up to nearly $4 billion worth of stock since the pair announced their split, after 27 years of marriage, on May 3.

The reported Deere transfer equates to around 7% of Gates’s stake in the company.

Gates and Cascade Investment still owned nearly 29.3 million shares – 9.3% of the company – after the $850 million transfer to French Gates, the security filings said, per the Journal.

Cascade Investment didn’t immediately reply to Insider’s request for comment. The holding company also declined to comment beyond the filings to the Journal.

Insider reported on May 7 that three stocks worth a combined $3 billion were transferred to French Gates after the couple’s divorce announcement. These stocks included 2.9 million shares of automotive retailer AutoNation, 14.1 million shares of Canadian National Railway, and 293.5 million shares of media company Grupo Televisa.

Other stocks that French Gates could receive from Cascade Investment include Republic Services and Ecolab, which are heavily owned positions at the holding company.

The couple’s net worth is around $130.5 billion, according to Forbes.

The news of the Deere transfers comes two days after The New York Times reported that Gates pursued women at Microsoft while he was married to French Gates.

Read the original article on Business Insider