Billionaire Bill Gates Has 78% of His Foundation's $34 Billion Portfolio Invested in 4 Fantastic Stocks
Gates prefers relatively boring businesses over high-flying tech stocks for his portfolio.
Billionaire Bill Gates Has 78% of His Foundation's $34 Billion Portfolio Invested in 4 Fantastic Stocks
Overview
Bill Gates became the world's wealthiest person in the world in the 1990s as the personal computing and internet revolution took hold in America. By the end of the decade, the rise in value of Microsoft, the company he co-founded, pushed his net worth beyond $100 billion at its peak. At the turn of the century, however, Gates started to move away from the tech company to focus on philanthropy through the Gates Foundation.
Gates plans to donate 99% of his wealth to the Gates Foundation over his lifetime. The foundation maintains a trust fund that includes an equity portfolio full of wonderful stocks. But readers may be surprised to learn that most of the companies in the portfolio aren't high-flying tech stocks. In fact, over three-quarters of the portfolio is held in just four companies, primarily focused on stalwart sectors such as finance and industrials.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
