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RE: Why Investing In New Tech Is By Far a Better Option Than Investing In Gold?

in LeoFinance • 4 years ago (edited)

I didn't know that, really interesting!

Do you know what he did with the other 44%? I assume he used most of it to set up his global charity.

He may actually wield more power as a result of that than had he just kept them owned as an individual!

4 years ago in LeoFinance by
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     4 years ago  

    Over the past 20 years, the Bill and Melinda Gates Foundation has spent $53.8 billion on issues ranging from public health to economic development. Some 16% of these funds have been spent on the foundation’s U.S. programs, which focus on education. The rest is spent on international initiatives, including providing vaccines and family health care in developing countries, expanding economic opportunities, providing emergency relief and much more.
    https://www.cnbc.com/2020/02/12/bill-and-melinda-gates-say-education-philanthropy-is-not-having-impact.html

    Bill Gates has certainly opted for having more influence than money. He also diversified his portfolio away from MSFT and it turns out it was an unwise move. is investments did well; MSFT did even better.

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       4 years ago  

      You can't always get it right!

      Although he was still right I think to diversify.

      When you're dealing with the amount of money he has, I don't think he can be too upset TBH!

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