Gates Purchases Heineken Shares For $902 Million

A minority stake in Heineken Holding NV has been acquired by Bill Gates, the former richest man in the world, for $902 million(N415.3 billion). 

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Microsoft inventor and philanthropist Bill Gates purchased 3.8% of Heineken Holding's shares in a filing with the Dutch regulator AFM recently.

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The Bill & Melinda Gates Foundation Trust purchased 4.18 million shares of Heineken Holding on behalf of Bill & Melinda Gates who purchased a total of 6.65 million shares in his personal capacity in Heineken Holding.

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In 2018, Microsoft founder Bill Gates raised eyebrows with his recent investment in Heineken Holding NV, considering he had previously stated in a chat session on Reddit that he was not a big beer drinker when he discussed his investment.

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The Gates family has also made the following investments:

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A Dutch fertilizer manufacturer OCI NV, part of the Bill and Melinda Gates Foundation Trust, has invested in Dutch online grocer Picnic BV and holds a 1.34% stake in the Dutch online grocer Picnic BV.

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Since 2000, the trust has been one of the biggest nonprofit organizations in the country, employing nearly 1,800 people and spending nearly $80 billion on charitable endeavors. 

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In terms of wealth, he is now the fourth richest person in the world, behind Bernard Arnault, Elon Musk, and Jeff Bezos, who occupy the top three positions, respectively, among the richest people in the world.

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The world's richest man is poised to reclaim his title 

Meanwhile, in an entirely different report, Elon Musk is just a few steps away from reclaiming his title as the wealthiest billionaire in the world, according to a report from Trade Algo.

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After almost two years of holding the title, Musk lost it to French billionaire Bernard Arnault.

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Despite this, Musk's wealth has been rising in recent weeks, while Arnault's wealth seems to be in decline.