Billionaire Bill Gates Has 66% of His Foundation's $44 Billion Portfolio Invested in 3 Phenomenal Stocks

Bill Gates is one of the most well-known billionaires in the world. The Microsoft (NASDAQ: MSFT) founder was the first person to ever become a centibillionaire, reaching a net worth of $100 billion in 1999, well ahead of anyone else. (Jeff Bezos was next in 2017.)But Gates is extremely generous with his wealth; he's one of the most philanthropic billionaires in the world. He stepped down from his position as CEO of Microsoft in 2000 to focus more on his nonprofit foundation. He and ex-wife Melinda Gates started the Bill & Melinda Gates Foundation that year to advance global healthcare and reduce poverty around the world. Over the last 30 years, the two of them have donated an estimated $47.7 billion of their wealth to their foundation and its predecessor.The foundation's trust includes a highly concentrated equity portfolio that shows the influence of Gates, as well as longtime friend and former Gates Foundation trustee Warren Buffett. While it holds around $44 billion worth of assets, about two-thirds of that is held in just three stocks. Here's a closer look at Gates' top public investments for his foundation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool