Bill Gates is CN railway's largest shareholder - Macleans.ca
 

Bill Gates is CN railway’s largest shareholder

Microsoft co-founder owns $3.2 billion stake


 

Bill Gates owns the largest slice of Canadian National Railway Co., according to a document released by the company ahead of its Wednesday annual meeting in Toronto. With $3.2 billion in shares, the Microsoft Corp. founder controls roughly 10 per cent of the Montreal-based railway, whose market valuation on Thursday was at $32-billion, or $69.88 a share. Gates holds 37.4 million CN shares through Cascade Investment LLC, and another 8.6 million as co-trustee of the Bill & Melinda Gates Foundation Trust. Gates first emerged as a CN investor in 2006, when filings with the U.S. Securities and Exchange Commission revealed he owned a 6.6 per cent stake in the company. The decision to stock up on CN shares, analysts speculated, may be the result of advice from Gates’ longtime friend Warren Buffett, who acquired full control of U.S. rail company Burlington Northern Santa Fe Corp. early last year.

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Bill Gates is CN railway’s largest shareholder

  1. CN and CP Rail are the backbone of the Canadian economy. The only way these powerhouses will not make a profit is with the complete collapse of both the Canadian and American economies. CN has never had a net quarterly loss. Why wouldn't the rich want such a day-in, day-out producer in their portfolio?

  2. First you get the money, then you get the power… then you get the women…

  3. I can picture it. High speed freight and passenger from Matlock down thru the States to Mexico, and then where next? Tierra del fuego? The future of a connected America is huge! End this "sovereignty" crap! Thats a useless french thing anyhow!

  4. It's good to know they are learning how to spread their wings. I would hope for them to modernize CN rail by adding a bullet passenger train connecting all provinces and states of our two countries. Is this too much to ask?

  5. The West, would have no interest in a bullet train, from the east. Besides, they can't run what they got now, sober! One of the first things to go, with the new, "have to speak french" rule, was the railway in the east! Since then a steady decline. Next, the useless postal.