The state of bill gates reached a record


According to the Bloomberg Billionaires Index, as the gates to the 19th of August (latest data) totaled $90 billion on Friday, it increased by about $680 million due to the growth of shares of companies Canada National Railway Company (CNRC, North America’s largest rail network) and Ecolab Inc. (specializiruetsya on the establishment of a water and energy technologies). In these companies the holding company Cascade Investment, controlled by gates, owns of 12.96 and a 9.75% respectively.

State $90 billion, emphasizes Bloomberg, a record for gates. This amount, in particular, equivalent to 0.5% of US GDP. While gates ahead of his nearest pursuer in the list of most wealthy businessmen according to Bloomberg, the founder of the company Zara Amancio Ortega at $13.5 billion.

In the list of the richest businessmen in the world, according to Forbes magazine, bill gates has also been ranked. But the magazine estimates his fortune much more modest — in the $78.6 billion

Currently, gates at Microsoft, owns 2.5 percent. The main part of his condition is managed through holding company Cascade Investment, under the control of which are shares in dozens of companies: Ecolab, CNRC, machinery, Deere, the drinks manufacturer Femsa, dealing with waste disposal Republic Services and others. The holding company also owns 47% of the Four Seasons hotel chain, 4% in the company of Warren Buffett’s Berkshire Hathaway, a share in the manufacturer of premium drinks Diageo etc.

Cascade Investment is fairly closed to the public structure. In particular, the company refuses to disclose its investment strategy.

60-year-old gates is known for his charity work: he founded the bill and Melinda gates Foundation working in the field of improving health and education in developing countries. According to the Fund in total to charity is a businessman spent about $36 billion.

Source