Bill Gates bets big on Bud Light comeback

Bud Light sales plummeted after partnership with transgender activist Dylan Mulvaney prompted conservative backlash.
Anheuser-Busch reported steep drops in revenue and earnings due to Bud Light boycott.
Bill Gates' foundation bought $95 million worth of Anheuser-Busch stock as Bud Light shares slumped.
Bud Light lost top spot as best-selling US beer after 22 years to Modelo Especial.
Anheuser-Busch sees opportunity for Bud Light comeback though brand image remains mostly favorable.

foxbusiness.com

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9/6/2023

The Bill Gates Foundation Trust is backing Bud Light: It's betting nearly $100 million on embattled AB InBev

The Bill & Melinda Gates Foundation Trust has invested almost $96.6 million in Anheuser-Busch InBev, the parent company of Bud Light, following a boycott and job cuts due to a controversial promotion with transgender influencer Dylan Mulvaney.

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