- Bill Gates transferred 2.25 million shares of John Deere stock to Melinda French Gates last week.
- The shares in the equipment manufacturer were worth about $850 million, or 7% of Gates’ stake in Deere.
- French Gates has now received nearly $4 billion worth of stock from Gates since their divorce news.
- See more stories on Insider’s business page.
Bill Gates transferred $850 million more in shares last week to Melinda French Gates amid their divorce, according to SEC filings.
The Microsoft co-founder transferred 2.25 million shares of equipment manufacturer Deere, brand name John Deere, to French Gates through his investment firm, Cascade Investment LLC, on Thursday.
The total value of publicly disclosed transfers to French Gates now adds up to nearly $4 billion worth of stock since the pair announced their split, after 27 years of marriage, on May 3.
The Deere transfer equates to around 7% of Gates’s stake in the company.
Gates and Cascade Investment still owned nearly 29.3 million shares – 9.3% of the company – after the $850 million transfer to French Gates, the filings said.
Cascade Investment didn’t immediately reply to Insider’s request for comment. The fund is led by the extraordinarily secretive Michael Larson, who has earned the nickname “the Gateskeeper.“
This Is The Man Making Bill Gates So Rich
The Deere shares join three other stocks worth a combined $3 billion that were transferred to French Gates after the couple’s divorce announcement earlier this month. These stocks included 2.9 million shares of automotive retailer AutoNation, 14.1 million shares of Canadian National Railway, and 293.5 million shares of media company Grupo Televisa.
Other stocks that French Gates could receive from Cascade Investment include Republic Services and Ecolab, which are heavily owned positions at the holding company. Through Cascade, Gates also owns shares of Berkshire Hathaway worth more than $18.4 billion.