The $75 Billion Bill Gates Charity Fund Prepares to Buy 458,000 More Shares in Vietnamese Billionaire’s Company

Masan Consumers: Unveiling Plans for a Stronger Future

On October 14, Masan Consumer Holdings (stock code: MCH) passed a resolution to offer 326.8 million shares to existing shareholders at a ratio of 100:45.1 (shareholders owning 1,000 shares are entitled to purchase 451 new shares). The offering price is set at VND 10,000 per share.

The expected total proceeds of VND 3,268 billion will be primarily used by the company to repay debts. Masan Consumers’ chartered capital is anticipated to increase from VND 7,355 billion to VND 10,623 billion.

Notably, Bill & Melinda Gates Foundation Trust appeared in the list of voting shareholders.

This organization currently holds over 1 million MCH shares, valuing approximately VND 212 billion in the market.

With their ownership of more than 1 million MCH shares, Bill & Melinda Gates Foundation Trust is expected to have the right to purchase an additional 458,000 new shares if they wish to maintain their ownership percentage. The estimated amount this investment fund will need to spend to acquire these shares is about VND 4.6 billion.

Additionally, on October 2, Masan Consumer Holdings sought shareholder approval for an interim dividend for 2024, with a maximum ratio of 100% (equivalent to VND 10,000 per share). Previously, in 2023, the company finalized a plan to distribute cash dividends to shareholders at a ratio of 268%.

Consequently, Bill & Melinda Gates Foundation Trust could receive more than VND 38 billion in dividends from Masan Consumer Holdings for 2023 and 2024.

MCH Share Price Soars

Since the beginning of the year, MCH shares have more than doubled in value, currently trading at VND 199,000 per share. The market capitalization stands at VND 144,200 billion (USD 5.7 billion).

The Investment Fund Manages Over $75 Billion in Assets

Bill & Melinda Gates Foundation Trust is responsible for managing the finances of the Bill & Melinda Gates Foundation (BMGF), a charitable organization co-founded by Bill Gates, the founder of Microsoft, and his former wife, Melinda Gates.

As of the end of 2023, BMGF Trust’s net asset value exceeded $75 billion, primarily consisting of financial investments.

BMGF Trust has been indirectly investing in Vietnam for a long time, particularly in the stock market through the Vietnam Enterprise Investments Limited (VEIL) – the largest investment fund in Vietnam’s stock market, managed by Dragon Capital.

BMGF Trust is currently the second-largest shareholder of VEIL, holding nearly 24.7 million fund certificates. These certificates are valued at over $183 million based on VEIL’s market price on the London Stock Exchange.

It is worth noting that BMGF Trust has not traded VEIL for a considerable period.

While the fund has been actively investing in the Vietnamese stock market, it sold a series of shares in major global technology companies in the fourth quarter of 2023. According to Dataroma, the Bill & Melinda Gates Foundation Trust offloaded its entire holdings in tech giants like Apple, Meta (Facebook’s parent company), Alphabet (Google’s parent company), Amazon, and Nvidia.

The fund also exited a range of other well-known companies, including Walt Disney, Morgan Stanley, Johnson & Johnson, Unilever, Goldman Sachs, Exxon Mobil, Lockheed Martin, and PepsiCo. Additionally, the Bill Gates-led fund reduced its holdings in two of the largest positions in its portfolio: Microsoft and Berkshire Hathaway.

Forbes

ranks Bill Gates as the 13th richest person globally, with an estimated net worth of approximately $107 billion. The billionaire also owns 111,288 hectares of land, ranking as the 42nd largest landowner in the United States. He is the largest agricultural landowner in the country, according to Land Report, a land industry specialist magazine.

Gates dedicates most of his income to philanthropic endeavors through the Bill & Melinda Gates Foundation. In 2023, the foundation pledged $8.3 billion to fight poverty, disease, and inequality, a 15% increase from 2022. The foundation also aims to raise its annual payout to $9 billion by 2026.