{"id":258767,"date":"2021-05-25T21:48:11","date_gmt":"2021-05-25T18:48:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gates-foundation-sold-1b-in-stock-before-divorce-announcement\/"},"modified":"2021-05-25T21:48:11","modified_gmt":"2021-05-25T18:48:11","slug":"gates-foundation-sold-1b-in-stock-before-divorce-announcement","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gates-foundation-sold-1b-in-stock-before-divorce-announcement\/","title":{"rendered":"#Gates Foundation sold $1B in stock before divorce announcement"},"content":{"rendered":"

“#Gates Foundation sold $1B in stock before divorce announcement<\/strong>”<\/p>\n

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The trust of the Bill & Melinda Gates Foundation sold off $1.4 billion in stock in the first quarter of 2021, raking in a huge profit months before the billionaire couple announced their divorce.\u00a0<\/p>\n

The foundation\u2019s trust, one of the largest in the world, revealed in filings with the Securities and Exchange Commission that it had sold all of its shares of App<\/a>le, Amazon and Twitter<\/a> as of the end of March.<\/p>\n

It\u2019s not known at what price the trust sold its shares, but those holdings were valued at hundreds of millions of dollars based on average stock prices during the quarter.<\/p>\n

The trust first bought shares of those three companies in the first quarter of 2020, filings show, indicating that they likely made huge profits on those bets.<\/p>\n

The trust also trimmed its massive holdings of FedEx, UPS and Walmart, among others, the filings show. The trust likely scored a windfall on those sales, too, based on the estimated average price paid for shares over time in those holdings.<\/p>\n

\"The
The exterior of the Bill and Melinda Gates Foundation is seen on May 4, 2021, in Seattle.<\/figcaption>
David Ryder\/Getty Images<\/span><\/figcaption><\/figure>\n

It used some of its proceeds to buy a new $282 million position in Coupang, the South Korean e-commerce giant.\u00a0Coupang went public in March.<\/p>\n

All of the trust\u2019s stock holdings as of the end of March totaled $20.96 billion, according to the filings, down from $22.34 billion as of the end of 2020.\u00a0<\/p>\n

\"The
The foundation\u2019s trust revealed the Gateses sold off all their Twitter shares.<\/figcaption>
Rafael Henrique\/SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n

The sales came in the months leading up to the couple\u2019s announcement earlier this month that they were splitting.<\/p>\n

The couple\u2019s divorce petition, which was filed in King County Superior Court in Washington state, indicated that they don\u2019t have a prenuptial agreement to distribute their estimated $130 billion in assets.<\/p>\n

\"The
The trust of the Bill & Melinda Gates Foundation also sold all of its shares in Apple.<\/figcaption>
CHRIS DELMAS\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n

Instead, the two have signed a separation contract for dividing their property and possessions, but the terms of that agreement have not been publicly disclosed in court documents.<\/p>\n

Last week, Bill Gates transferred $850 million worth of Deere stock to his estranged wife, bringing the total in publicly disclosed transfers to over $3 billion.\u00a0\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Gates Foundation sold $1B in stock before divorce announcement” The trust of the Bill & Melinda Gates Foundation sold off $1.4 billion in stock in the first quarter of 2021, raking in a huge profit months before the billionaire couple announced their divorce.\u00a0 The foundation\u2019s trust, one of the largest in the world, revealed in…<\/p>\n","protected":false},"author":1,"featured_media":258768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/gates-twitter-apple-stock-hp.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[107165,70285,70662,70359,72439],"class_list":["post-258767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-25-21","tag-bill-gates","tag-celebrity-divorces","tag-stocks","tag-wealth"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/258767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=258767"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/258767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/258768"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=258767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=258767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=258767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}