September 22, 2023

Taylor Daily Press

Complete News World

Bill Gates buys nearly $100 million worth of AB InBev stock

Bill Gates buys nearly $100 million worth of AB InBev stock

A filing with the US securities market watchdog SEC shows that the Bill & Melinda Gates Foundation Trust has bought $96.6 million worth of shares in beer giant AB InBev. The brewery lost its stock market status after a collaboration between Bud Light and transgender woman Dylan Mulvaney. Conservative country singers called for a boycott of the beer brand.

Why is this important?

AB InBev has started a difficult recovery movement since the end of the Corona crisis. Over the past two years, the beer giant’s share price has crossed the €60 mark only a few times. The last time the brewer had success was at the end of March. But this price increase ended suddenly after a collaboration with a transgender woman.

In the news: Bill Gates bought a total of 1.7 million shares of AB InBev stock through his fund in the second quarter, a 13F filing with the Securities and Exchange Commission shows. This stock package is worth $96.6 million

  • The filing does not provide details about the purchase price or when the Microsoft founder purchased the securities. So it’s not clear how much the Gates Fund is paying per share. All we know is that it raised shares during the second quarter