Politics? Profits? Bill Gates Invests Almost $100M in Anheuser-Busch Amid Bud Light Boycott; Follows investment in Heineken
The Bud Light situation and investment as envisioned by machines.
Bill Gates recently invested $95 million in Anheuser-Busch, purchasing 1.7 million shares through his Bill & Melinda Gates Foundation Trust. The investment comes as the beer company faces a national boycott led by conservatives, including singer Kid Rock, following a marketing campaign featuring transgender influencer Dylan Mulvaney. The campaign led to a nearly 9% drop in Anheuser-Busch’s share price over the past six months.
In February, Gates took a 3.76% stake in Heineken Holding NV, valued at $939.87 million at the time of purchase .
Kid Rock’s Mixed Signals on Boycott
Despite calling for a boycott against Bud Light and Anheuser-Busch, Kid Rock’s Nashville bar, Big Ass Honky Tonk Rock