How Microsoft Billionaire Bill Gates Spends His Money
Microsoft stock price, which has risen almost 50% since the beginning of the year, has pushed the company’s market value north of $1.15 trillion, bringing co-founder Bill Gates‘ net worth to $110 billion – roughly $19.5 billion from the previous year. dollar increased. It’s the start of the year, according to Bloomberg’s Billionaire Index.
(This makes Gates the world’s richest person, according to Bloomberg, but Forbes’ billionaire ranking places Amazon CEO Jeff Bezos at the top.)
Microsoft committed to donating most of its wealth through Giving Pledge, a movement it co-created with Warren Buffett in 2010 and invited other billionaires to donate most of their money to charities, but donated more than $45.5 billion through the Bill. & through the Melinda Gates Foundation and other family foundations dating back to 1994.
Still, that leaves Gates with many, many billions to play. So how does he spend his wealth?
Wealth-X, a global high-net-worth intelligence and data company, gave CNBC Make It a breakdown of Gates’ wealth and gave the figures as conservative estimates. Wealth-X estimates Gates’ net worth of “at least” $106.6 billion as of Tuesday.
Here are some of the ways Gates spent his money.
According to Wealth-X, Gates has a multi-million dollar real estate portfolio that includes his 66,000-square-foot lakeside home in Medina, Washington. The property reportedly has everything from a trampoline room to a 2,300-square-foot reception hall.
Additionally, Gates is in Wellington, Florida. It has one but equestrian estate that Wealth-X has set at $55 million after recent renovations and Gates’ multimillion-dollar expansion on nearly 30 acres. (Gates’ daughter, Jennifer, is an avid horse rider.)
Private jet and sports cars
Gates is worth $19.5 million according to Wealth-X. He owns a private jet called the Bombardier BD-700 Global Express. Also a Porsche 911, a Jaguar XJ6, a Porsche Carrera. Cabriolet 964, a 1988 Porsche 959 Coupe and a Ferrari. He has a sports car collection worth an estimated $650,000, including 348.
Richard Branson isn’t the only billionaire to own a private tropical island, Gates has one too. Gates’ island of Grand but Bogue Caye in Belize is worth about $25 million, according to Wealth-X.
Gates’ extensive art collection includes works by Leonardo da Vinci, Andrew Wyeth, and Winslow Homer. According to Wealth-X, but his collection is worth about $130 million.
Most of Gates’ wealth is in Microsoft, but with an estimated $15.4 billion in stock. (with a market cap of $1.15 trillion as of 1:15 p.m. EST on Tuesday) in private holdings. Tens of billions of dollars in common stock. Also according to Wealth-X previous salaries, bonuses, investment but dividends etc. from things like that. He has $13.8 billion in cash.
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