Bill Gates, through the Bill and Melinda Gates Foundation Trust, has acquired 1.7 million shares of Anheuser-Busch Inbev, valued at $95 million.
This move comes despite the company’s recent Bud Light marketing mishap with Dylan Mulvaney, which resulted in a significant market value loss.
Gates’ investment suggests he believes in the beer company’s potential recovery. Morgan Stanley’s Sarah Simon highlights the company’s growth in emerging markets, especially in the Asia Pacific region.
However, Bud Light sales continue to decline in the U.S., with competitors like Modelo gaining ground.