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Bill Gates reportedly transfers $850 million in stock to Melinda Gates

Mount Equity Group Tokyo, Japan > News > Business > Bill Gates reportedly transfers $850 million in stock to Melinda Gates

Bill Gates has transferred $850 million more in stock to his estranged wife, Melinda, amid their split after 27 years of marriage.

The Microsoft co-founder transferred 2.25 million shares of the equipment manufacturer, Deere, to Melinda through his investment firm on Thursday, the Wall Street Journal reported.

Cascade Investment, a holding company that Gates formed to manage much of his financial assets, disclosed the transferred shares, which were about 7% of his stake in the manufacturer, on Friday night, the newspaper reported.

The move brought the total value of publicly disclosed transfers to his wife to more than $3 billion since the couple filed for divorce on May 3.

The transferred shares come just days after Gates fessed up to having an affair with a Microsoft employee.

The shares of Deere are worth about $850 million.Getty Images

Microsoft hired an outside law firm to investigate a relationship between Gates and a company engineer, the Wall Street Journal reported.

The woman penned a letter about her relationship over the years with Gates, the newspaper reported. She demanded changes to her job and also asked that Melinda read her letter.

The company’s board became aware of the letter in 2019 and brought in a