Bill Gates appears to believe the owner of Bud Light is poised for a comeback, recently paying $95 million to buy up 1.7 million shares of Anheuser-Busch, according to financial data firm TipRanks.
The 67-year-old billionaire bought up the shares via his Bill & Melinda Gates Foundation Trust during the second quarter of this year, TipRanks found.
The Seattle-based charitable foundation reportedly holds assets valued to the tune of $69 billion.