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Bill Gates becomes majority shareholder of the Four Seasons hotel chain

Portrait of Microsoft founder Bill Gates at the offices of the Bill and Melinda Gates Foundation in Seattle, Wash. *** SPECIAL FEE APPLIES *** *** Local Caption *** Bill Gates Microsoft Bill and Melinda Gates Foundation Seattle Washington state vertical portrait philanthropist humanitarian tech founder

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Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.

 

The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.

 

The operation was carried out for an amount approaching 2.2 billion dollars, to buy the shares of the Saudi Al Walid ben Talal in Four Seasons and become, in conclusion, the majority shareholder of the hotel chain.

 

Bill Gates held 47.5% of the hotel group’s shares via Cascade Investments, the fund responsible for growing his fortune, and will thus control 71.25% of the capital.

 

The deal values Four Seasons at $10 billion, up from $3.7 billion when he took a stake in 2007.

 

The deal is expected to close by January 2022. To be continued…

 

Read also > LVMH ACQUIRES PUBLISHER CITADELLES & MAZENOD

 

 

Featured photo : © Daniel Berman[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]

Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.

 

The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.

 

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Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.

 

The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.

 

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