26.11.2024 14:45:00
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Billionaire Bill Gates Has 66% of His Foundation's $45 Billion Portfolio Invested in 3 Phenomenal Stocks
Bill Gates has long been one of the wealthiest people in the world. His company, Microsoft (NASDAQ: MSFT), made him a billionaire the year after its IPO. If he held on to his 45% stake in the business he had back then, he'd be worth well over $1 trillion today.But after nearly 25 years of successfully turning Microsoft into the biggest company in the world by market cap, Gates shifted his focus to philanthropic endeavors. In 1999, he and then-wife Melinda founded the Bill & Melinda Gates Foundation, which aims to improve healthcare and reduce poverty around the world. Gates has donated much of his wealth to the foundation over the past 25 years, and he plans to contribute almost the entirety of his assets to charitable causes over the course of his life.Gates isn't alone in his pledge to give away his wealth. His friend Warren Buffett has joined him, and he has been a major contributor to the Gates Foundation since 2006. Buffett also served as a trustee until 2021. The foundation's trust includes an equity portfolio worth around $45 billion, as of this writing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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