Billionaires: Melinda French Gates reduces Canada Rail stake with $467m sale – The National

Billionaires: Melinda French Gates reduces Canada Rail stake with $467m sale – The National

Melinda French Gates sold $467 million of Canadian National Railway shares this month, trimming a holding she received in her divorce from Bill Gates and freeing up cash she can potentially use for her own investing and philanthropy.

She sold a total of 3.65 million shares in the Montreal-based company from December 7 to 16, according to a Securities and Exchange Commission filing.

Ms French Gates, who is worth $11.6 billion, according to the Bloomberg Billionaires Index, still holds almost 20 million shares, but is now below the 5 per cent stake that requires her to report transactions.