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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
RetailBeer

The King of Beers Is Now Only America’s 4th Most Popular Beer

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Natasha Bach
Natasha Bach
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By
Natasha Bach
Natasha Bach
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January 23, 2018, 5:41 AM ET
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The King of Beers has lost its crown.

Budweiser has held a place in America’s top three most popular beers since at least the 1970s, according to data from Beer Marketer’s Insights. Until 2001, it carried the top spot, at which time it was knocked out by its lighter cousin, Bud Light. And in 2011, Coors Light overtook Budweiser as the number two most popular beer.

Read: Beer on Mars: Students Find Red Planet Could Grow Hops

For the last seven years, despite its falling status, Budweiser had remained firmly in the top three. Now even that status has been lost—Miller Lite has overtaken it as well, relegating Budweiser to fourth place.

While the picture is particularly bleak for Budweiser (BUD), the top three beers have fallen on tough times as well. The sales dropped for all of them in 2017, due in no small part to the rise of craft beers.

Read: The Craft Beer Industry Is Very Happy with the GOP’s New Tax Bill

At one time, the top ten beer brands comprised close to 66% of the industry, reports CNN. In recent years, this has shrunk to 50% as more and more drinkers turn to craft beer. However, signs point to slowing growth for the craft beer industry as well. Shipments fell at six of the seven top craft beer brands in 2017, according to Beer Marketer’s Insights.

Looks like millennials aren’t big beer drinkers.

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