Bill Gates transferred another $2 billion worth of stock to Melinda, taking total transfers since their divorce announcement to about $6 billion

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Yahoo News 09 August, 2021 - 06:38am 61 views

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Questions about Fritz’s future on American Pickers began to swirl in recent months. He last appeared on a new episode of the show in March 2020, leaving fans to wonder if he’d been fired or quit. 

Fritz shed some light on the situation in an interview with The Sun published in July 2021, explaining that health problems related to his back surgery had kept him from filming. He added that he hadn’t spoken to Wolfe in two years. Fritz and Wolfe had co-hosted American Pickers since its debut in 2010.

Fritz also hinted at behind-the-scenes drama, saying “the show is tilted towards [Wolfe] 1,000%.”

Soon after, the History Channel confirmed to EW that Fritz would not be returning for future episodes of the show, which are currently in production. 

Wolfe reacted to Fritz’s Americans Pickers exit with a statement on Instagram.

“I have known Frank for as long as I can remember, he’s been like a brother to me,” he wrote. “The journey that Frank, Dani, and I started back in 2009, like all of life, has come with its highs and lows, blessings and challenges, but it has also been the most rewarding.”

He added: “I will miss Frank, just like all of you, and I pray for the very best and all good things for him on the next part of his journey.”

Fritz wasn’t impressed with Wolfe’s comments. He spoke to The Sun again about his relationship with Wolfe, and he didn’t hold back.

“Mike’s statement was bulls—, somebody wrote it out for him,” Fritz said. “We never were friends in grade school. I don’t believe in 10 years he’s said five nice things to me, you know? Unless he was cutting somebody else down and we were both laughing.”  

Fritz went on to reiterate his claim that he and Wolfe had not been in contact for some time. 

“Mike didn’t call me himself, never, like I said — we haven’t spoken for two years,” he told the tabloid. “That is the 100% truth and I don’t like people that lie to people.”

“I’m not going to sit here and f—— lie to people,” Fritz added. “And if he doesn’t like it, then maybe he should have f—— called me. Maybe he should have called and said ‘Hey, how’s your back doing?’”

In a previous interview with The Sun, Fritz also revealed he had entered treatment for alcohol abuse and has been sober for 11 months. 

Showbiz Cheat Sheet was unable to reach a representative for Wolfe via email for comment on Fritz’s latest interview.  

Fellow American Pickers cast member Danielle Colby has also weighed in on the drama surrounding Fritz’s exit. In early August, she took to Instagram to share a photo of herself with Wolfe. In the caption, she called him “my best friend and my big brother.” 

She went on to say that she was “truly saddened for the loss of Frank on the show.”

“I wish things could have been different but we must be accountable for our actions when we cause instability or pain and suffering to others,” she went on to say. “Frank caused so much pain for himself that it has been hard to watch. I truly hope Frank receives all the help he needs to become well after years of being unwell.”

Frank Fritz is firing back at Mike Wolfe. The ex-American Pickers star has been publicly feuding with his f​ormer co-host in recent weeks. In a recent interview, Fritz called Wolfe’s statement on his departure from the show “bulls—.”  The dustup comes amid the news that Fritz will not be returning for future episodes of the popular History Channel reality TV series.

Questions about Fritz’s future on American Pickers began to swirl in recent months. He last appeared on a new episode of the show in March 2020, leaving fans to wonder if he’d been fired or quit. 

Fritz shed some light on the situation in an interview with The Sun published in July 2021, explaining that health problems related to his back surgery had kept him from filming. He added that he hadn’t spoken to Wolfe in two years. Fritz and Wolfe had co-hosted American Pickers since its debut in 2010.

Fritz also hinted at behind-the-scenes drama, saying “the show is tilted towards [Wolfe] 1,000%.”

Soon after, the History Channel confirmed to EW that Fritz would not be returning for future episodes of the show, which are currently in production. 

Wolfe reacted to Fritz’s Americans Pickers exit with a statement on Instagram.

“I have known Frank for as long as I can remember, he’s been like a brother to me,” he wrote. “The journey that Frank, Dani, and I started back in 2009, like all of life, has come with its highs and lows, blessings and challenges, but it has also been the most rewarding.”

He added: “I will miss Frank, just like all of you, and I pray for the very best and all good things for him on the next part of his journey.”

Fritz wasn’t impressed with Wolfe’s comments. He spoke to The Sun again about his relationship with Wolfe, and he didn’t hold back.

“Mike’s statement was bulls—, somebody wrote it out for him,” Fritz said. “We never were friends in grade school. I don’t believe in 10 years he’s said five nice things to me, you know? Unless he was cutting somebody else down and we were both laughing.”  

Fritz went on to reiterate his claim that he and Wolfe had not been in contact for some time. 

“Mike didn’t call me himself, never, like I said — we haven’t spoken for two years,” he told the tabloid. “That is the 100% truth and I don’t like people that lie to people.”

“I’m not going to sit here and f—— lie to people,” Fritz added. “And if he doesn’t like it, then maybe he should have f—— called me. Maybe he should have called and said ‘Hey, how’s your back doing?’”

In a previous interview with The Sun, Fritz also revealed he had entered treatment for alcohol abuse and has been sober for 11 months. 

Showbiz Cheat Sheet was unable to reach a representative for Wolfe via email for comment on Fritz’s latest interview.  

Fellow American Pickers cast member Danielle Colby has also weighed in on the drama surrounding Fritz’s exit. In early August, she took to Instagram to share a photo of herself with Wolfe. In the caption, she called him “my best friend and my big brother.” 

She went on to say that she was “truly saddened for the loss of Frank on the show.”

“I wish things could have been different but we must be accountable for our actions when we cause instability or pain and suffering to others,” she went on to say. “Frank caused so much pain for himself that it has been hard to watch. I truly hope Frank receives all the help he needs to become well after years of being unwell.”

Read full article at Yahoo News

Bill Gates drops in billionaire ranking after stock transfers to ex-wife

Punch Newspapers 09 August, 2021 - 12:07pm

The co-founder of Microsoft Corporation, Bill Gates, has dropped in Forbes’ real time billionaire ranking.

Gates who was the fourth-richest man in the world dropped to the fifth position. According to Forbes, he’s now worth $129.6 billion, slightly less than Facebook CEO Mark Zuckerberg.

This was after a fresh set of stock transfers to his ex-wife Melinda French Gates who is now worth an estimated $5.6 billion.

Nearly $2.4 billion worth of stocks were on Thursday transferred to Melinda from Gates’ investment vehicle, Cascade Investment LLC.

The billionaire had transferred $3.2 billion worth of stocks to Melinda in May.

“Melinda received 3.3 million shares of AutoNation AN +0.5%, worth about $392 million, according to SEC filings. She now owns 8.8% of the Florida-based car retailer. Cascade also transferred 2.8 million shares of farm equipment maker Deere & Co. DE +0.9% now worth $1 billion and 9,5 million shares of Canadian National Railway Company, now also worth $1 billion,” Forbes reported.

Melinda will likely receive shares from her ex-husband’s other investments; the ultimate amount she will get from him is yet to be determined.

Bill Gates drops in billionaire ranking after stock transfers to ex-wife

Sputnik International 09 August, 2021 - 12:07pm

The co-founder of Microsoft Corporation, Bill Gates, has dropped in Forbes’ real time billionaire ranking.

Gates who was the fourth-richest man in the world dropped to the fifth position. According to Forbes, he’s now worth $129.6 billion, slightly less than Facebook CEO Mark Zuckerberg.

This was after a fresh set of stock transfers to his ex-wife Melinda French Gates who is now worth an estimated $5.6 billion.

Nearly $2.4 billion worth of stocks were on Thursday transferred to Melinda from Gates’ investment vehicle, Cascade Investment LLC.

The billionaire had transferred $3.2 billion worth of stocks to Melinda in May.

“Melinda received 3.3 million shares of AutoNation AN +0.5%, worth about $392 million, according to SEC filings. She now owns 8.8% of the Florida-based car retailer. Cascade also transferred 2.8 million shares of farm equipment maker Deere & Co. DE +0.9% now worth $1 billion and 9,5 million shares of Canadian National Railway Company, now also worth $1 billion,” Forbes reported.

Melinda will likely receive shares from her ex-husband’s other investments; the ultimate amount she will get from him is yet to be determined.

Bill Gates drops in billionaire ranking after stock transfers to ex-wife

The Seattle Times 09 August, 2021 - 12:07pm

The co-founder of Microsoft Corporation, Bill Gates, has dropped in Forbes’ real time billionaire ranking.

Gates who was the fourth-richest man in the world dropped to the fifth position. According to Forbes, he’s now worth $129.6 billion, slightly less than Facebook CEO Mark Zuckerberg.

This was after a fresh set of stock transfers to his ex-wife Melinda French Gates who is now worth an estimated $5.6 billion.

Nearly $2.4 billion worth of stocks were on Thursday transferred to Melinda from Gates’ investment vehicle, Cascade Investment LLC.

The billionaire had transferred $3.2 billion worth of stocks to Melinda in May.

“Melinda received 3.3 million shares of AutoNation AN +0.5%, worth about $392 million, according to SEC filings. She now owns 8.8% of the Florida-based car retailer. Cascade also transferred 2.8 million shares of farm equipment maker Deere & Co. DE +0.9% now worth $1 billion and 9,5 million shares of Canadian National Railway Company, now also worth $1 billion,” Forbes reported.

Melinda will likely receive shares from her ex-husband’s other investments; the ultimate amount she will get from him is yet to be determined.

Bill Gates Is No Longer The Fourth-Richest Person In The World After Stock Transfers To Melinda French Gates

Forbes 09 August, 2021 - 11:22am

Melinda French Gates is now worth an estimated $5.6 billion after a fresh set of stock transfers from ex-husband Bill Gates. The pair are in the process of dividing up their assets after their divorce was finalized last week.

Bill’s investment vehicle, Cascade Investment LLC, transferred nearly $2.4 billion worth of stocks to Melinda on Thursday, according to new SEC filings. The share transfers were first reported by Bloomberg on Monday. In May, days after the couple announced their divorce, Bill transferred $3.2 billion worth of stocks to Melinda.

It’s unclear how much Melinda will ultimately get. She may have also received additional assets from Bill such as stakes in private companies or real estate for which public disclosure of the transfer is not required. In addition, Bill’s Cascade Investment would not have to disclose a stock transfer if Bill owns less than 5% of the listed company. The terms dictating how the couple’s massive fortune will be split are in a nonpublic separation contract, which was signed before Bill and Melinda announced their divorce in May.

Last week, Bill addressed his relationship with Epstein for the first time. In an interview with CNN’s Anderson Cooper, he said it was a “huge mistake” to spend time with him. “It’s a time of reflection, and at this point, I need to go forward,” Bill added. “Within the family, we’ll heal the best that we can.”

Despite the turmoil, Bill and Melinda have promised to remain co-chairs of the Gates Foundation, which they founded in 2000 and has since become the largest philanthropic organization in the world. The foundation announced last month that Melinda will resign in two years if it turns out that she and Bill can’t work together.

I’m a San Francisco-based reporter covering wealth at Forbes. Follow me on Twitter @rachsandl or shoot me an email rsandler@forbes.com.

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