Does Bill Gates Own Mcdonald's?
Interestingly, Gates' investment firm sold its last shares in the world's largest independent McDonald's Corp. franchisee in September of 2020, reports Bloomberg. Gates is also a vocal advocate for eco-friendly synthetic beef (per Technology Review), placing him squarely on the outs with the Big Mac.
Bill Gates' Surprising Connection To McDonald's Fries - YouTube
Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest producer and the onions that Americans sauté every night for dinner.
He is the founder and chairman of several companies, including BEN, Cascade Investment, bgC3, and TerraPower. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity.
Bill Gates made his fortune in tech, but he's now betting big on something completely different: farmland. Last week, Gates secured the legal approval for purchasing 2,100 acres of farmland from northeastern North Dakota potato growers Campbell Farms.
Vanguard, which is McDonald's biggest shareholder, had also voted some of its shares for the company's directors, according to earlier vote tallies, another source said.
Warren Buffett revealed to CNBC that he has a card that gives him free McDonald's in Omaha with no expiration. The billionaire also revealed Bill Gates has a McDonald's gold card that gives him free food at any location around the world for the rest of his life.
2.25% of the 79,000 million dollars in Apple shares belonging to Berkshire Hathaway is owned by Bill and Melinda Gates, which today represents a total of $1.8 billion in Apple holdings.
McDonald's Corp (NYSE:MCD)
Institutional investors hold a majority ownership of MCD through the 69.94% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Restaurants industry.
Potatoes for McDonald's fries are grown on Bill Gates' farmland in fields so big you can see them from space. Potatoes for McDonald's french fries. Carrots for the world's largest producer. Onions at the grocery store.
Does Bill Gates own Coca-Cola?
Bill Gates Foundation added to his holdings in Coca-Cola Co by 45.53%. His purchase prices were between $35.97 and $38.58, with an estimated average price of $37.33. The impact to his portfolio due to this purchase was 2.28%.
Bill Gates Walt Disney Co (The)
Since then Bill Gates bought shares three more times and sold shares on five occasions. The investor sold all their shares in Q4 2008 and doesn't own any shares in Walt Disney Co (The) anymore.
Gates owns 7,600,706 shares of Walmart, accounting for 4.93% of Bill & Melinda Gates Foundation's portfolio. Its shares are down almost 1% YTD but are up more than 10% in the last one year.
At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior.
- Gates has farmlands in Louisiana, Nebraska, Georgia and other areas.
- The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton.
With almost 269,000 acres, Bill Gates retained his ranking as America's largest private farmland owner.
Not long afterwards, Kroc founded McDonald's System, Inc., known today as the McDonald's Corporation. In 1961, Kroc bought out the McDonald brothers – the founders of the franchise – for $2.7million (£2million). For the last 60 years, Kroc has owned the exclusive brand name rights of all McDonald's locations.
2.25% of the 79,000 million dollars in Apple shares belonging to Berkshire Hathaway is owned by Bill and Melinda Gates, which today represents a total of $1.8 billion in Apple holdings.
In the 1940s, Simplot created and marketed the first commercially frozen french fries and soon became the exclusive supplier of fries to McDonald's — a relationship that, according to Simplot, continues to this day.
100 Circle Farms: A McDonald's Potato Supplier | McDonald's.
