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Bill Gates Gave Away $35 Billion This Year, But He Is Doing Well

Bill Gates Gave Away $35 Billion This Year, But He Is Doing Well

The founder of Microsoft is one of the most savvy investors on the planet, so despite giving away $35 billion this year, his wealth did not drop that much on net basis. According to sources to reports this equity investor actually made $16 billion last year from his investments. Jeff Bazos is the richest individual in the world with Gates second with a personal fortune of $106 billion.

The US economy is on a decade-long expansion and the value of stocks just keeps rising – Gates, Buffet and Bezos usually do well in such an environment. Having 60% or $60 billion in stocks or index funds, is an aggressive strategy for Gates but note that  the average family office has approximately 32% of assets in stocks, according to Campden Wealth report. This article appeared on CNBC and was attributed to Maggie Fitzgerald. 

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