Tuesday, January 27, 2009
Gates Finds Value For His Foundation And His Personal Portfolio
The former Richest man in the world Bill Gates is now spending much of his time helping his wife Melinda Gates run the worlds largest foundation "The Bill & Melinda Gates Foundation". Along with running the foundation Bill also has his own Investment company known as Cascade Investments, which is a diversified investment company that has holdings in many different fields. Its interesting to note that Gates Holdings in the "Foundation" and "Cascade" are not what you would think of the software king. Most of his holdings are broad based including pharmaceutical, energy, transportation, consumer beverage, building materials and insurance companies. In his personal account which is Cascade Investments he holds an eclectic group, but much more concentrated than the Foundations portfolio. The three largest holdings between the two portfolios are Berkshire Hathaway(BRKA,BRKB), Canadian National Railway(CNI), and Republic Services(RSG). He also has a sizable stakes in Fomento Economico(FMX) which is the Latin American Coke(KO) and beverage company, and Gruppo Televisa(TV) which is a Latin American media company. He also just recently upped his position in Otter Tail(OTTR) an electric company with a diverse portfolio within itself.
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