Billionaire Bill Gates Has 68% of His Foundation's $48 billion Portfolio Invested in 3 Remarkable Stocks

In 1999, Bill Gates became the first person ever to reach centibillionaire status. That's a net worth of $100 billion. The rising value of Microsoft (NASDAQ: MSFT) stock in the late 1990s ballooned his wealth well beyond that of anyone else in the world. In fact, it would be another 18 years until another tech company founder joined Gates in the club.Today, though, Gates isn't worth much more than he was in 1999 despite the fact that Microsoft's market value climbed almost eightfold from its April 1999 level. That's because he's given much of his wealth away to the Gates Foundation, a nonprofit that supports public health, gender equality, economic development, and education around the world. He plans to contribute practically all of his remaining wealth to the foundation before it winds down operations in 2045.Funding the efforts and research that go into supporting those causes is a trust with a portfolio of publicly traded equities worth about $48 billion as of this writing. And more than two-thirds of that portfolio is invested in just three remarkable stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool