The Invoice and Melinda Gates Basis Sells Its Alibaba Shares

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The Bill and Melinda Gates Foundation Sells Its Alibaba Shares

The Bill Gates family philanthropic foundation has also dumped its stakes in Uber and trimmed its stakes in Apple and Amazon.

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February 22, 2021 1 min read

This article has been translated from our Spanish edition using AI technologies. Errors can occur due to this process.

The Bill and Melinda Gates Foundation sold all of the shares in the Chinese e-commerce giant Alibaba, which it owned.

According to information filed with the US Securities and Exchange Commission and reported by Yahoo Finance, the securities were sold at $ 232.73 each for a total of $ 128.56 million.

This earned the Bill Gates family philanthropic foundation $ 21.13 million from the appreciation of the shares compared to the first quarter of 2020.

The SEC also reported that the Bill & Melinda Gates Foundation has also dumped its stakes in Uber and trimmed its stakes in Apple and Amazon. Rather, the foundation increased its stake in the Schrödinger software company by 40.15% from 4.98 million to 6.98 million shares. The purchase was for $ 316.13 million.