Bill Gates Makes US$1.8 Billion Stock Transfer To Melinda Gates Amid Divorce
The transfer was made on the same day Bill and Melinda Gates announced their divorce.
Bill Gates has transferred US$1.8 billion (S$2.5 bil) in stocks to his estranged wife Melinda Gates.
The couple — who married in 1994 — announced on Monday (May 3) they are to divorce, and it has now been revealed the Microsoft co-founder gave Melinda shares in two companies on the same day.
According to documents obtained by TMZ, Bill — who has an estimated net worth of more than US$124 billion — transferred more than 14 million shares of Canadian National Railway Co., worth around US$1.53 billion, and more than 2.9 million shares of AutoNation Inc, worth around US$310 million, via his investment firm, Cascade Investment LLC.
The pair — who have three children together, 21-year-old son Rory, and daughters Jennifer, 25, and Phoebe, 18 — announced their divorce after 27 years of marriage in a joint statement.
It read: "After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage. Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue to work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life."
TMZ previously reported that Bill and Melinda Gates don't have a prenuptial agreement, but they do have a "separation contract" that stipulates how they will split their property when they separate. — BANG SHOWBIZ
Photo: TPG News/Click Photos