If Bill Gates donates so much of his money, how is he still one of the top three richest people in the world?
Originally Answered: How does Bill Gates keep getting richer?
How does Bill Gates keep getting richer?
Bill Gates isn’t really that interested in money. He said, as reported by the Seattle Times: “I can understand about having millions of dollars. There's meaningful freedom that comes with that, but once you get much beyond that I have to tell you, it's the same hamburger.”
However, he keeps getting richer for two reasons.
First, the value of his Microsoft shares has kept going up. When Microsoft launched its IPO in 1986, Gates owned 45% of the company, and he was only worth $350 million. At today’s market cap of $860 billion, 45% would be worth $387 billion.
Second, he doesn’t even think about it. Since 1995, he has had a personal money manager called Michael Larson. It’s his job to make Gates richer, and he’s done it extremely well.
Gates has made a small number of investments outside that, but his main purpose has been to support biotech companies.
Gates doesn’t have any expensive hobbies like buying sports clubs and huge yachts (like Paul Allen) or sending rockets into space (like Elon Musk and Jeff Bezos). He likes reading books, playing bridge with Warren Buffett, playing golf, and spending time with his family.
Gates actually drove his kids to school, which is one way he spent time with them. How many multi-billionaire CEOs have ever done that?
Will the world tolerate a trillionaire?
The richest personalities on the planet already have fortunes in excess of $100 billion.
That they will one day reach $1 trillion will not change much in the end, since all these figures are totally disconnected from the reality of the world's citizens.
Many already hate billionaires. The fact that they have hundreds of billions of dollars more will not accentuate this strong resentment of injustice of a majority of people towards Jeff Bezos and the other ultra-rich people of the planet.
Nevertheless, I don't think we will have trillionaires for a while.
There is a big step to go from a $200 billion fortune like Jeff Bezos to $1 trillion.
If I had to bet on a man to get there, I would see Elon Musk rather than Jeff Bezos. Elon Musk has the advantage of being at the head of several extremely promising companies, which increases his chances of making it one day.
How to manage time in a job?
What is the harsh truth of life?
1. Your future needs you. Your past doesn’t.
2. Everything’s okay in the end, if it's not okay, it's not the end.
3. The secret of life, though, is to fall seven times and to get up eight times.
4. Life is nothing but an electron looking for a place to rest.
5. There will be a person fit you better than your favorite sweater.
6. Don’t plant a seed in their heart that you’re not prepared to water and care for.
7. No matter how far you travel, you can never get away from yourself.
8. If you’re unhappy without it, you probably won’t be happy with it either.
9. It’s okay to forgive and still deny them access to you.
10. Owning less is great. Wanting less is even better.
Thanks a lot for reading.
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