Bill Gates purchased tens of millions of dollars worth of Bud Light’s parent company in recent days in the midst of a lengthy boycott targeting the beleaguered beer brand, according to a filing.
The Bill and Melinda Gates Foundation Trust purchased 1.7 million shares of Anheuser-Busch, the parent company of Bud Light, worth around $95 million, according to a recent regulatory filing and TipRanks. Reports indicate that Mr. Gates purchased the shares in August, or months after a boycott was initiated against Bud Light after it decided to engage in a promotional campaign with a transgender activist.
