Bill Gates Makes Bud Light Worse



Ex-Bud Light Executive Responds to Bill Gates’ Purchase of Bud Light Parent Company

A former executive with Bud Light responded to billionaire Bill Gates’ foundation purchasing nearly $100 million shares in its parent company amid a months-long boycott.

“Bill Gates is definitely making a mistake,” former Anheuser-Busch executive Anson Frericks told Fox Business this week. “Earlier this year, he already made a $900 million mistake when he invested into one of Anheuser-Busch’s largest rivals, Heineken. He did that earlier this year. And since that investment, Heineken’s down about 10 percent, whereas the broader markets are up 10 percent.”

The Bill and Melinda Gates Foundation Trust, which Mr. Gates helped co-found, purchased about 1.7 million shares of Anheuser-Busch InBev, which owns Bud Light, for about $95 million in the last quarter, according to a recent regulatory filing. He has not issued a public comment about the purchase.

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