There's Another Reason Some Conservatives May Continue Avoiding Anheuser-Busch Products
Business,Anheuser-Busch,Conservatives,Bill Gates
Amid the ongoing boycott over Bud Light’s partnership with trans influencer Dylan Mulvaney earlier this year, one billionaire investor who's long been the subject of conservatives' ire is now betting on a comeback.
Microsoft founder Bill Gates has reportedly purchased 1.7 million shares from Bud Light parent company Anheuser-Busch InBev via his Bill & Melinda Gates Foundation Trust. According to TipRanks, the shares have a market value of about $95 million.
The latest buy comes after Gates, who is "not a big beer drinker," invested $939.87 million in Heineken stock at the beginning of the Mulvaney controversy, which has led to double digit declines in U.S. sales for Anheuser-Busch.
Despite the challenges, analysts say the company's successes elsewhere soften the blow of the U.S. boycott.
