On the rich list, he is second only to Jeff Bezos. So, after distilling a Microsoft stake and donating billions to charity, it begs the question: how on earth is Gates maintaining that vast fortune?
Business Insider reported., while Gates' has an entity named newspaper. Through Cascade, Gates reportedly owns 47 percent of the Four Seasons hotel chain and has a stake in Berkshire Hathaway group, which is owned by WarrenUS Microsoft founder, Co-Chairman of the Bill & Melinda Gates Foundation, Bill Gates, takes part in a conference call on October 9, 2019, in Lyon, central eastern France, during the funding conference of Global Fund to Fight AIDS, Tuberculosis and Malaria.
"Gates co-founded Microsoft, the world's biggest software maker, and owns about 1 percent of the Redmond, Washington-based company," it states."The rest of his fortune is managed through Cascade Investment, which controls stakes in dozens of publicly traded companies including Canadian National Railway, Deere andBill Gates property and real estate assets are believed to be worth hundreds of millions. His home, nicknamed Xanadu 2.
Net worth is often difficult to pinpoint with total certainty, and will constantly be in a state of flux thanks to changing economic conditions, taxation and stock pricing. Last November,That flux is something Gates doesn't appear to fear. Indeed, just last month he pledged support for a U.S. tax system in which the rich pay more, describing the current system as"unfair."
"The wealth gap is growing," he said in a December 30 post."The distance between top and bottom incomes in the United States is much greater than it was 50 years ago. "A few people end up with a great deal—I've been disproportionately rewarded for the work I've done—while many others who work just as hard struggle to get by," he added."That's why I'm for a tax system in which, if you have more money, you pay a higher percentage in taxes. And I think the rich should pay more than they currently do, and that includes Melinda and me.
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