✅ Fact-checked    


Bill Gates takes a swipe at Alibaba




Microsoft founder Bill Gates has dealt another blow to the Chinese Internet giant Alibaba. His family foundation sold all of the company's shares that he owned, according to a report he filed with the U.S. Securities and Exchange Commission (SEC).





The Bill and Melinda Gates Foundation (the billionaire's wife) reviewed the composition of its portfolio and sold off the securities of some issuers. In addition to Alibaba, the fund sold all shares of the taxi aggregator Uber and half of Apple's securities.

The fund received $128.5 million for the Alibaba package. Thus, during the ownership of the securities of the Chinese company Bill & Melinda Gates Foundation earned $21.1 million.

Shares were also reduced in Internet giant Amazon, telecommunications company Liberty Latin America, investment company Berkshire Hathaway and construction and logistics holding company China Metro-Rural Holdings.

At the same time, the Bill & Melinda Gates Foundation has increased its stake in the American biomedical company Schrodinger by 40 percent.



Views: 187

TAGS: BILL GATES

Add a comment!