Non-Beer Guy Billionaire Bill Gates Buys $902-Million Stake... in Heineken
Tech billionaire and philanthropist Bill Gates isn't slowing down on the investments. The 67-year-old entrepreneur just bought a minority stake in Heineken Holding NV, which is the controlling shareholder of the second-larger brewer in the world. That's interesting, considering that Gates himself has never been a big fan of beer.
Last week, the Microsoft founder purchased about 3.8 percent of Heineken Holding for roughly $902 million. He was said to have bought a total of 10.8 million shares. These equate to 6.5 million shares individually and 4.18 million shares under the Bill & Melinda Gates Foundation Trust, which he established together with his ex-wife, Melinda French Gates.
The billionaire purchased the shares from Fomento Economico Mexicano (FEMSA) in Mexico. Last week, FEMSA announced that it would dump its stake in Heineken after a thorough assessment.
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In an "Ask Me Anything" session on Reddit back in 2018, Gates explained: "When I end up at something like a baseball game I drink light beer to get with the vibe of all the other beer drinkers. Sorry to disappoint real beer drinkers."
Interestingly, too, the Bill & Melinda Gates Foundation had even funded a study about the health risks of alcohol consumption. It concluded: "There is strong evidence to support recommendations on alcohol consumption varying by age and location. Stronger interventions, particularly those tailored towards younger individuals, are needed to reduce the substantial global health loss attributable to alcohol."
But hey, an investment is an investment. And we trust that he knows best at the end of the day.
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