Melinda Gates receives more than $1.8 billion in securities from Bill Gates holding company Cascade

Cascade Investment, a keeping business Monthly bill Gates established with the proceeds of Microsoft Corp. inventory revenue and dividends, transferred securities worth much more than $one.eight billion to Melinda French Gates, a day after the pair announced their divorce after 27 decades of relationship.

Melinda Gates is now the advantageous operator of two.ninety four million shares in automobile retailer AutoNation Inc., worth about $309 million, in accordance to a Securities and Exchange Commission submitting dated May possibly three.

Also transferred to her ended up 14.one million shares of Canadian Countrywide Railway Co. worth about $one.5 billion.

As a result of Cascade, Gates has interests in real estate, vitality and hospitality as effectively as stakes in dozens of community corporations, together with Deere & Co. and Republic Solutions Inc. The couple are also amongst the premier landowners in America.

Gates is worth $145.four billion, in accordance to the Bloomberg Billionaires Index.

AutoNation ranked No. one on Automotive News’ most current list of the premier dealership groups based mostly in the U.S., with new-automobile revenue in 2020 of 249,654 models.

Automotive News contributed to this report.