Bill Gates buys up over $95 million of Anheuser-Busch shares in wake of Bud Light fallout
Asher Notheis
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Billionaire Bill Gates has taken a gamble on Anheuser-Busch’s flailing stock, buying up over $95 million worth of shares in the beer company.
Gates, the co-founder of Microsoft, bought over 1.7 million shares of Anheuser-Busch, worth roughly $96.5 million. The purchase could signal that Gates believes the company’s fortunes are about to improve after a difficult spring and summer.
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Anheuser-Busch’s financial troubles started in late March when it partnered with transgender social media star Dylan Mulvaney, giving Mulvaney, a biological male, a can of Bud Light to celebrate the activist’s one-year anniversary of transitioning. The move caused major pushback among conservative consumers, with Anheuser-Busch losing almost $400 million.
Since the debacle, Anheuser-Busch heir Billy Busch has stated he would be the first to buy back Bud Light should the brewer’s parent company, AB InBev, want to sell it. He has also said his ancestors “would have rolled over in their graves” over the partnership with Mulvaney.
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In the wake of the Bud Light debacle, the Washington Examiner‘s Kaylee McGhee White claimed last month that the public is tired of dealing with “woke” policies affecting their daily lives.
“People have to deal with radical leftism in their kids’ classrooms, in the medical community, and now in the grocery aisles,” White said. “And they’re finally putting their foot down and saying: ‘Enough.’”