Bud Light’s parent company has a prominent investor, even as it deals with a sales slump.
Last quarter, the Bill and Melinda Gates Foundation Trust bought $95 million worth of shares in Anheuser-Busch.
Gates bought the stock around the time Bud Light alienated some of the company’s core base because of its partnership with transgender influencer Dylan Mulvaney.
Since then, Anheuser-Busch stock has dropped about 2%, losing Gates money.
Gates has previously admitted he’s “not a big beer drinker,” but he’s also invested nearly $1 billion worth of shares in Heineken holdings.