Bill Gates, the Fourth Richest Man in the World, Buys Heineken Shares for N415.3bn
- Bill Gates the fourth richest man in the world has purchased a minority stake in Heineken Holding NV for N415.3n in naira value
- The stake acquired by Bill Gates represents 3.8 percent of all Heineken Holding's shares
- The investment was made through both Gates' personal capacity and the Bill & Melinda Gates Foundation Trust
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Bill Gates, the former richest man in the world, has acquired a minority stake in Heineken Holding NV for $902 million(N415.3 billion).
According to a filing with the Dutch regulator AFM, the Microsoft inventor and philanthropist purchased 3.8% of Heineken Holding’s shares.
Source: Getty Images
Specifically, he bought 6.65 million shares in Heineken Holding in his capacity and another 4.18 million shares through the Bill & Melinda Gates Foundation Trust.
More about this development
According to Bloomberg, the shares are worth €848.2 million ($902 million) at the February 17 closing share price.
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The billionaire founder of Microsoft has raised eyebrows with his recent investment in Heineken Holding NV, given that he had previously stated "I'm not a big beer drinker" during a chat session on Reddit in 2018.
Other investments by Bill and Melinda Gates:
The Bill & Melinda Gates Foundation Trust has invested in Dutch online grocer Picnic BV and holds a 1.34% stake in Dutch fertilizer producer OCI NV.
The trust has long been a powerhouse in the nonprofit world, employing almost 1,800 people and spending nearly $80 billion since 2000.
Bill Gate wealth
According to Bloomberg's Billionaire Watch list, as of Monday, February 27th, 2023, Bill Gates has a net worth of $114 billion.
This makes him the fourth richest person in the world, behind Bernard Arnault, Elon Musk, and Jeff Bezos, who occupy the top positions, respectively.
Musk ready to reclaim title as world richest man
Meanwhile in another report, Elon Musk is closing in on reclaiming his title as the world's richest billionaire, with just a few steps away from the top spot
Musk lost the title to French billionaire Bernard Arnault after holding it for almost two years
However, in recent weeks, Musk's wealth has risen, while Arnault seems to be struggling to keep up.
Source: Legit.ng
