LIKE & FOLLOW US

Bill Gates Goes On Post-Divorce Buying Spree, Acquires Controlling Interest In Four Seasons Hotels

Share this!

From Zero Hedge:
Bill Gates Goes On Post-Divorce Buying Spree, Acquires Controlling Interest In Four Seasons Hotels

A little more than a month after Microsoft co-founder Bill Gates and Melinda French Gates officially divorced, Bill went on a buying spree and acquired controlling interest in the Four Seasons luxury hotel group.

The tech billionaire who is now a single man and was once known as a “hard-partying womanizer who recruited local strippers to attend naked pool parties” cemented controlling interest in the Four Seasons for $2.21 billion after he bought a 24% stake from longtime business partner Alwaleed bin Talal. Gates increased his stake to 71.25% from 47.5%. 

The deal is subjected to regulatory approvals and other closing conditions but is expected to close in early 1Q22. 

Gates, 65, has also stepped down from Microsoft’s board to spend more time on “philanthropic activities.” 

Buying the controlling interest of a luxury hotel chain for the super-wealthy doesn’t sound like philanthropy work to us. 

Cascade or Gates has yet to release an official statement on the acquisition. However, one would suspect after the government restricted travel during the pandemic, which battered the lodging industry, valuations for hotels may seem appealing. 

Gates will now be free to roam the world on his private jet (wonder how he will offset that in carbon credits), visiting more than 100 hotels and resorts in 47 countries without Melinda. 

Tyler Durden
Fri, 09/10/2021 – 17:20
Read More

****DISCLAIMER****

This article was aggregated by Artificial Intelligence and this content does not necessarily reflect the opinions of Counter Globalist News. We do not own this content. Counter Globalist News is aggregating this article under fair use law for news and commentary purposes on social media networks. All aggregated content is automatically deleted from this site after 14 days. Please bookmark the source or archrive this page if you wish to reference it in the future.

LIKE & FOLLOW US

0 0 votes
Article Rating

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

Be First to Know!

Join Our Other 2,625 Happy Newsletter Subscribers!


No, thanks!

0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: