Martin Kolev ex operations partner recently comment that Melinda French Gates sold big amount of her investment in Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company's network of route miles of track spans Canada and the United States. Its network and connections to all Class I railroads provide its customers access to Canada, the United States and Mexico. It transports over 300 million tons of cargo annually, serving exporters, importers, retailers, farmers and manufacturers. It offers its goods annually for a range of business sectors, ranging from resource products to manufactured products to consumer goods. Its services include rail, intermodal, trucking, supply chain services, business development, and maps and network. It offers its services across industries, such as automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals, petroleum and chemicals, consumer goods, customer reports, center beam auction program and boxcar auction program.
As of 2019, Bill Gates was the largest single shareholder of CN stock, owning a 10.04% interest through Cascade Investment and his own Bill and Melinda Gates Foundation.
Bill and Melinda French Gates’s $130bn divorce was one of the most expensive splits in the history of the world. Call it the bane of being among the wealthiest people in the world; when they split, so does their collective fortune. The world’s most affluent couples divided their wealth, and Bill Gates gave ex-wife Melinda Gates $850 million worth of shares in Deere & Co. That’s not all; Bill also transferred to AutoNation and Canadian National Railway shares.
Melinda French Gates sold $467 million worth of Canadian National Railway Co. shares to free up cash for her philanthropic endeavors and investments. A total of 3.65 million shares were sold last year in the Montreal-based company from, bringing her ownership level down to 4.7%. Melinda still has about 33 million shares (20 million shares and another 13 million shares through the Bill & Melinda Gates Foundation Trust) in her kitty.
As per the norms, she is no longer obligated to report transactions now that her stake is below five percent. On the other hand, Bill Gates owns 81.8 million Canadian National shares, with the average price per share reaching $127.84. He enjoys an 11.6% stake in the company. According to the Star, a representative from French Gates’s Pivotal Ventures didn’t respond to a request for comment about the sale. Pivotal is French Gates’s philanthropic investment and incubation firm that focuses mainly on gender equality.
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