Former Anheuser-Busch Executive Warns Bill Gates Is Making a Mistake
Microsoft billionaire Bill Gates made news in August when it was reported that he put almost $100 million into stock of the company that owns the decisively boycotted Bud Light, but the huge investment was a move a former executive of that very beer company thinks is a bad idea.
According to an Aug. 18 report by investor research company TipRanks, the Bill & Melinda Gates Foundation Trust acquired 1,703,000 shares of Anheuser-Busch in the second quarter. According to a disclosure form, the total purchase was $96,594,160. With Anheuser-Busch closing at $56.22 on Friday, that’s worth about $95 million now.
The computer billionaire reportedly gobbled up the stock expecting the company to make a major comeback after the debilitating boycott of its Bud Light brand.
