Ex-Bud Light Executive Responds to Bill Gates’ Purchase of Bud Light Parent Company

A former executive with Bud Light responded to billionaire Bill Gates’ foundation purchasing nearly $100 million shares in its parent company amid a months-long boycott.

Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami, Fla., on July 27, 2023. Joe Raedle/Getty Images

A former executive with Bud Light responded to billionaire Bill Gates’ foundation purchasing nearly $100 million shares in its parent company amid a months-long boycott.

“Bill Gates is definitely making a mistake,” former Anheuser-Busch executive Anson Frericks told Fox Business this week. “Earlier this year, he already made a $900 million mistake when he invested into one of Anheuser-Busch’s largest rivals, Heineken. He did that earlier this year. And since that investment, Heineken’s down about 10 percent, whereas the broader markets are up 10 percent.”