Cascade Investment, a holding company that Gates formed to manage much of his financial assets, transferred more than 14 million shares of Canadian National Railway to Melinda Gates on Monday, according to a securities filing.
The NY Post reports that on the same day, the firm transferred more than 2.9 million shares of AutoNation to Melinda Gates, a separate filing shows.
Based on Wednesday’s stock prices, the Canadian National Railway holdings are worth more than $1.5 billion and the shares of AutoNation, a Fort Lauderdale, Fla.-based company that sells cars, are valued at over $300 million.
Instead, the two have signed a separation contract for dividing their property and possessions, but the terms of that agreement have not been publicly disclosed in court documents.
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