Where Does Bill Gates Keep His Money?
What do you do with your money when you’re one of the richest people on the planet? Bill Gates is worth roughly $133 billion as of Jan. 13, 2021.1 He earned the bulk of his fortune as CEO, chair, and chief software architect of Microsoft (MSFT). Gates stepped down as chair in 2014, but still owns 1.34% of the company he co-founded. Here is where this billionaire stashes some of his money.
Investments in Corporations
In March 2020, Gates waived his wages and stock compensation when he ended his board service effective on March 13, 2021. The majority of his financial assets are held by Cascade Investment LLC, an entity controlled by Gates to manage his investments. Although Cascade is not a public company, some of its investment activity must be disclosed to the Securities and Exchange Commission (SEC).
The company’s portfolio is well-diversified. Cascade at one time held 9.8% of Strategic Hotels and Resorts, which was later sold to Blackstone Group, then Anbang Insurance Group, and then Mirae Asset Management; Cascade also has purchased Four Seasons hotels in Mexico, Atlanta, and Houston.
Some of Cascade’s other investments include the following.
| Company | Shares held | Value (January, 15, 2021) |
|---|---|---|
| AutoNation (AN) | 18,431,162 | $74.01 per share |
| Berkshire Hathaway (BRK.A) | 6,075,000 | $351,462.00 per share |
| Canadian National Railway (CNI) | 118,527,644 | $111.68 per share |
| Coca-Cola FEMSA (KOF) | 88,081,700 | $48.69 per share |
| Deere & Co (DE) | 31,423,573 | $294.35 per share |
*Market Prices of Stocks were searched using Market Summary.
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