How is Bill Gates still so rich?→
At one time, Gates’ wealth depended solely on Microsoft. But for years he’s been selling off his Microsoft stake. The common perception is that he’s been using the proceeds from those sales directly for charity. That’s not entirely how it works.
Although Gates makes his own investments in tech, it is Larson, through Cascade, who has taken Gate’s money and diversified it. Gates now has vast holdings in real estate and nontech companies like the Canadian National Railway Co., AutoNation Inc., and Republic Services Inc. It is these vast holdings that help fund the Gates’ donations.
I realized the other day that I have no idea how Bill Gates is still one of the wealthiest men on the planet – considering the rate at which he gives it away, you’d think that, if it was just Microsoft stock that he’s been selling off, he’d have run out of money by now.