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From the Daily Mail: Billionaire philanthropist and Microsoft co-founder Bill Gates has made a bold move, wagering $373 million on two major transportation companies in a struggling sector he believes will rebound spectacularly in 2025.
Gates’ strategic bet has sparked widespread speculation about his vision for the future when it comes to global logistics and heavy-duty transportation.
Despite Microsoft remaining the largest holding in the Bill & Melinda Gates Foundation’s $45 billion portfolio, Gates, who is worth $103.1 billion, sold nearly a quarter of his shares in the tech giant over the past year.
His foundation already includes blue-chip names like Berkshire Hathaway and Waste Management, yet Gates made headlines recently by trimming his stake in these top holdings.
Now Gates has just invested in FedEx and Paccar, with his foundation purchasing one million shares of each company, for a whopping total of $373 million.
Paccar is the manufacturer of the truck brands Kenworth and Peterbilt.
As for FedEx, that company is currently undergoing a transformation intended to streamline operations and cut $2.2 billion in costs.
READ MORE at the Daily Mail.
Bill Gates is making some bold moves, and they’re not in tech! 📉💡 He’s betting big on two transportation giants that could define the 2025 economic boom:
🚚 Paccar $PCAR – The heavy-duty truck maker! Gates scooped up 1 million shares, placing a $100M bet on their long-term… pic.twitter.com/Rcm9xQLvIl
— Benzinga (@Benzinga) January 6, 2025
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