The Foundation Of Bill Gates Purchases $95 Million Worth Of Bud Light Parent Company Stock

With all the controversy surrounding Bud Light over the past year, it appears that one billionaire is quick to take advantage of a good bargain.

The foundation trust of Bill Gates recently acquired 1.7 million shares of Anheuser Busch InBev, the parent company of Bud Light.

This comes after the company experienced controversy with transgender activist Dylan Mulvaney back in April of this year, something that was ignited over an online collaboration on Instagram.

Unfortunately, the political backlash prompted by Mulvaney’s collaboration led to a decline in stock prices.

According to Bump Williams, which monitors alcohol sales, the beer’s sales dropped by 23% in May and 28% in June after people, including Kid Rock, advocated for a boycott.

A significant portion of the controversy resulted in death threats being sent to Mulvaney, who took to social media to discuss the level of hatred she received for her role in the campaign.

She brazenly drank a portion of the beer in a video as a response to the negative feedback, despite the fact that she received some negative remarks.

Anheuser Busch attempted to reverse the decline in sales by publishing patriotic advertisements, but ultimately failed.

Bill Gates of Microsoft, however, has decided that the company could benefit from a prominent investor.

According to an SEC filing, the Bill and Melinda Gates Foundation Trust purchased the shares in the most recent quarter for approximately $95 million.

Despite the fact that Bud Light’s decision to send a customized beer can to Mulvaney sparked a transphobic backlash, the brand now stands to benefit from this investment agreement.

However, Gates’ trust has lost money on his investment thus far, as Anheuser Busch’s stock has declined by nearly 2% since the purchase.

Do you believe this will be sufficient to deter the billionaire?

According to Forbes, Gates is worth approximately $111.2 billion and is a shrewd investor who has closed agreements with Walmart, Microsoft, and Deere & Co.

According to Reuters, Gates acquired a 3.76 percent stake in Heineken earlier this year, indicating that he is becoming interested in alcohol.

The Foundation Of Bill Gates Purchases $95 Million Worth Of Bud Light Parent Company Stock

With all the controversy surrounding Bud Light over the past year, it appears that one billionaire is quick to take advantage of a good bargain.

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