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Earlier this week, Bill Gates and Melinda French Gates announced their divorce. On that same day, Melinda Gates became a billionaire.
Cascade Investment, Bill Gate’s investment vehicle, transferred nearly $2.4 billion in securities to Melinda Gates on Monday. The next day his net worth dropped slightly, from $130.4 billion to $128.1 billion, according to Forbes. However, Bill Gates maintained his status as the fourth richest person in the world.
He falls behind Jeff Bezos ($177 billion), Elon Musk ($157 billion) and Bernard Arnault and family ($150 billion).
Melinda Gates received 2.94 million shares of AutoNation and 14.1 million shares of Canadian National Railway Co., according to Forbes. AutoNation is worth $309 million and Canadian National Railway Co. is worth an estimated $1.5 billion.
People are nervous : Reaction to impending Line 5 deadline pours in VIDEO SIGN OUT
As an important deadline looms for Enbridgeâs Line 5, tensions are rising over what a shutdown of the pipeline could mean for individuals and entire communities that depend on it for critical energy shipments.
âI just donât think people understand the scope of it and the gravity of it. I mean, itâs going to knock the legs right out from under this town. Itâs just going to wither and die without Line 5,â Scott Archer, a union representative in Sarnia, Ont., said.
Archer speaks on behalf of almost 1,600 pipefitters belonging to UA Local 663, who keep Sarniaâs refineries operational. He said the shutdown of Line 5 would impact all of his members and many more. Enbridge estimates direct job losses of between 5,000 and 6,000 workers and the loss of 30,000 indirect jobs.
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A Norwich resident who served as the president and chief executive officer of a non-profit agency pleaded guilty on Friday to embezzling $683,202 from the company, according to federal prosecutors.
Michael Meakem, 59, waived his right to be indicted and pleaded guilty to one count of wire fraud in U.S. Federal Court in New Haven.
Prosecutors said from 2013-20, Meakem, while in charge of the Center for Financial Training, a Farmington-based non-profit organization that provided continuing education to employees in the financial services industry, used the company’s credit card and bank accounts for personal expenses, including alimony payments, meals, cruises, other vacations and gambling at Connecticut’s casinos.