Microsoft co-founder Bill Gates' foundation trust recently bought 1.7 million shares of Bud Light parent company Anheuser-Busch as the company struggles amid controversy.
Former Anheuser-Busch President of Operations Anson Frericks discusses the fallout from Bud Light’s controversial campaign with transgender influencer Dylan Mulvaney.
Bud Light parent company Anheuser-Busch InBev's shares have been battered this year ever since the beleaguered brand's partnership with transgender activist Dylan Mulvaney, but' foundation trust appears to see the beer's slump as an opportunity to buy the dip. The Bill and Melinda Gates Foundation Trust, which manages the funds of the foundation the Microsoft co-founder still runs with his ex-wife, purchased 1.7 million shares of Anheuser-Busch last quarter, according to a regulatory filing. The transaction is valued at $95 million.
Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, appears during the EEI 2023 event in Austin, Texas, on June 12, 2023. The backlash against Bud Light and Anheuser-Busch began in early April, not long after the company created and sent custom beer cans to Mulvaney to mark "365 days of girlhood."
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