Melinda Gates Now a Billionaire After $1.8 Billion Stock Transfer From Bill Gates

• Billionaire Couple Bill and Melinda Gates have begun dividing their massive fortune.

• Bill’s investment vehicle, Cascade Investment made a transfer of $1.8 billion in stocks to Melinda

• The resulting transfer has resulted in Bill Gate’s bet worth dropping from $130.4 billion to $128.6 billion

Move away from everyone, there’s another female billionaire around!

Following the announcement of their split after 27 years of marriage Bill Gates and Melinda French have begun the process of splitting the couple’s fortune.

Cascade Investment, owned by Bill transferred $1.8 billion in securities to Melinda, according to SEC filings.

The transfer means that Melinda is now a billionaire and she is worth at least $1.8 billion.

The stock transfer has put a dent in Bill’s fortune, causing his net worth to drop $128.6 billion, from $130.4 billion.

Despite, this drop, Bill Gates remains the fourth richest person in the world.

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Melinda Gates received 2.94 million shares of AutoNation, along with 14.1 million shares of National Railway Co.

The stocks are worth $309 million and $1.5 billion respectively.

While the stock transfer is likely part of their settlement, it is expected that other non-public transfers may have been made.

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