HEINY - Is the Beer Industry Worth a Billion-Dollar Bet? Bill Gates Thinks So
2023-06-07 06:10:00 ET
What would you invest in if you were the world's fourth-richest person? For Bill Gates, the question isn't hypothetical. The Microsoft co-founder is the world's fourth-richest person, according to the Bloomberg Billionaire Index, with an estimated net worth of $129 billion.
Fortunately for us, the answer to the question above isn't hypothetical, either. Gates just invested $940 million -- almost $1 billion -- in European beer maker Heineken (OTC: HEINY) .
Here's what happened -- and whether Gates is "right" about beer.
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Is the Beer Industry Worth a Billion-Dollar Bet? Bill Gates Thinks So