Bill Gates Buys 1.7 Million Shares Of Anheuser-Busch Stock

The Bill and Melinda Gates Foundation has acquired over 1.7 million shares of Anheuser-Busch just months after Bud Light faced major backlash for using a transgender to promote its beer.

Gates bought the shares in the 2nd quarter and they are worth nearly $95 million.

Since being boycotted by conservative Anheuser-Busch has faced a stagnation in growth but it appears Gates is looking to profit off the brand.

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Check out what The Daily Mail reported:

Bill Gates has put his bets on Bud Light’s comeback after the tech mogul bought 1.7million worth of shares from the disgraced brand’s parent company.The Microsoft founder, 67, acquired the Bud Light shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year.

His investment comes as Anheuser-BuschCompanies are still reeling from the effects of their partnership with trans influencer Dylan Mulvaney on April 1. The videos and images posted by her caused nationwide boycotts of the beer.This is not the first time that Gates has invested in the global beer industry after making a much more sizeable purchase months ago.

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Bill Gates buys $95M worth of Anheuser-Busch shares following Bud Light disaster https://t.co/rP96NMHGjK pic.twitter.com/MuyknyUNEd

— New York Post (@nypost) September 6, 2023

Here’s what CNN shared:

 Bud Light’s parent company is having a miserable year. But there’s at least one prominent investor who believes in Anheuser-Busch: Bill Gates.The Bill and Melinda Gates Foundation Trust last quarter bought 1.7 million shares of Anheuser-Busch, valued at around $95 million, according to a regulatory filing, signaling that Gates has confidence in the beer company that has been dealing with a steep sales slump of one of its biggest beers.

Gates bought the stock around the time A-B reported earnings that fully encompassed the fallout from Bud Light’s partnership with transgender influencer Dylan Mulvaney. Its decision to send a customized can to her sparked a transphobic backlash and alienated some of the company’s core customer base. The company’s subsequent response then angered members of the LGBTQ community.But Gates has lost money on his investment so far: A-B’s stock is down nearly 2% since his purchase. The stock is down about 7% for the year.

Bill Gates Just Became Heavily Invested in Anheuser-Busch: 'Even More Reason Not to Drink Bud Light'

READ: https://t.co/pdA3I6Vptx

— Constitutionalist 💯 🇺🇲 (@Kc_Casey1) September 6, 2023