Billionaire Bill Gates Has 60% of His Foundation's $33 Billion Portfolio Invested in 3 Fantastic Stocks
The Gates Foundation's top holdings are slow-and-steady growers with wide moats.
Overview
Bill Gates amassed a fortune worth $100 billion by the turn of the century, thanks to the success of Microsoft and a little help from a frothy stock market. At that point, he decided to step down as CEO of the company to focus on philanthropic endeavors. The Gates Foundation has become his primary vehicle for deploying his billions toward causes such as global health and equality. Gates, still worth over $100 billion today despite massive donations, plans to give away 99% of his wealth within the next 19 years.
To help manage the nonprofit's grants, the foundation maintains a trust with investments, including a $33 billion portfolio of publicly traded U.S. stocks. Quarterly reporting requirements give investors a glimpse of what Gates and the investment managers hold, and the stocks might be surprising, considering Gates co-founded one of the biggest tech companies in the world.
Details
Here are the top three stocks in the Gates Foundation's equity portfolio.
Source
Originally published at www.fool.com.