Despite Bud Light’s free fall, not everyone believes the beer will fade into oblivion amongst American consumers.

Globalist billionaire Bill Gates apparently thinks Bud Light will rise from the ashes and bought nearly $100 million worth of shares of Anheuser-Busch.

If you needed another reason to boycott Bud Light and other Anheuser-Busch brands, this would rank very close to the top.

Keep any product tied to Bill Gates away from me!

A regulatory filing showed the “Bill and Melinda Gates Foundation Trust last quarter bought 1.7 million shares of Anheuser-Busch, valued at around $95 million, CNN Business reports.

https://twitter.com/ClownWorld_/status/1699432572294451203

From CNN Business:

Gates bought the stock around the time A-B reported earnings that fully encompassed the fallout from Bud Light’s partnership with transgender influencer Dylan Mulvaney. Its decision to send a customized can to her sparked a transphobic backlash and alienated some of the company’s core customer base. The company’s subsequent response then angered members of the LGBTQ community.

But Gates has lost money on his investment so far: A-B’s stock is down nearly 2% since his purchase. The stock is down about 7% for the year.

Last month, A-B said that its US revenue fell 10% in the second quarter, hampered by falling Bud Light sales.

The company’s sales to US retailers declined by 14%, underperforming the wider beer industry, primarily due to the decline in the volume of Bud Light it sold. Revenue fell $395 million in North America during the period, compared to the same time a year ago. That figure included sales in Canada, where revenue rose, suggesting the slump was isolated to the United States.

A few weeks later, Modelo overtook Bud Light in sales at grocery and beer stores, according to NIQ data, marking the first time Modelo has ever beaten Bud Light on a year-to-date basis. However, the difference is slim with Modelo holding 8.34% share of dollars spent on beer vs. 8.28% for Bud Light through August 12.

As the New York Post noted, it’s not the first time Bill Gates has invested in beer.

It’s not the first time the Microsoft founder has invested his money in beer brands, despite writing in a 2018 question-and-answer session on Reddit that he’s “not a big beer drinker.”

In February, Gates scooped up a 3.76% stake in Heineken Holding NV, acquiring 10.8 million shares in the Dutch drinks giant valued at $939.87 million at the time of purchase.

Gates purchased the shares from Mexico’s FEMSA, whose brewery was sold to Heineken in 2010.

With Bud Light firmly a Bill Gates-supported beer, I’d expect more people to ditch the blue can forever.

 

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