Bill Gates Buys R16.4 Billion Stake in Heineken: "Time to Go Back to Traditional Beer Umqombothi”

• Billionaire Bill Gates bought a R16.4 billion share in the Dutch brewery, Heineken, turning many heads
• The fifth-richest man in the world previously said he usually drinks light beer just to match the “vibe” of others drinking
• Many many social media users are not impressed and have sworn off Heineken, while others are delighted

AMSTERDAM - Billionaire Bill Gates has purchased a substantial stake in the Dutch brewery, Heineken.

Despite claiming he is "not a big beer drinker”, the Microsoft co-founder bought a R16.4 billion share in the company. He acquired a 3.76% stake in Heineken’s parent company, Heineken Holding NV, on Friday, 17 February.

Gates also bought 6.65 million shares of the beer company directly. Through the Bill and Melinda Gates Foundation Trust, a further 4.18 million shares were purchased, BusinessLIVE reported.

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The fifth-richest man previously said that he usually drinks light beer just for the “vibe of all the other beer drinkers.”

Meanwhile, a study about the health risks of alcohol consumption was published and received funding from the foundation. It found that stronger interventions are needed to deal with the health risks linked to alcohol, Business Insider South Africa.

Many social media users shared different views about Gates’ decision to purchase shares.

Netizens weigh in on Bill Gates’ Heineken deal

@ngege23 said:

“Time to go back to traditional beer umqombothi.”

@FintechForward commented:

“Impressive move! It's exciting to see how Bill Gates' investments help to shape the beer industry.”

@AmyWilliamssa1 posted:

“Now Heineken is NOT safe to enjoy.”

@MattyLad wrote:

“Who cares? I like Bill Gates, but I don't give a da*mn about whether he's acquired a minority stake in Heineken, I don't even drink the stuff for Heaven's sake. So what?”

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@BlackskullFx added:

“Dear Heineken, it’s been fun we have shared the best moments that I can barely remember and that’s what made you the best beer for me but since you’re with the Gates, I’m out... Hello, Black Label.”

Bill Gates finds love again, reportedly in a romantic relationship with Paula Hurd

Briefly News also reported that It looks like Bill Gates, the fifth-richest man in the world, has found love again.

News of the relationship comes close to two years after Gates, 67, and his ex-wife, Melinda French Gates, announced they were divorcing after 27 years of marriage.

According to Daily Mail, the Microsoft co-founder is in a romantic relationship with 60-year-old fellow tennis buff, Paula Hurd.

Source: Briefly News