Thứ ba, Tháng tư 29, 2025
Google search engine
HomeSorted by levelB2 - Upper IntermediateBill Gates gave away $35 billion this year but didn’t see his...

Bill Gates gave away $35 billion this year but didn’t see his personal net worth drop

[Reading level: B2 – Upper Intermediate]

Bill Gates is not taking a defensive approach with his billions of dollars of wealth.

 

The founder of Microsoft added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg. That brings Gates’ total wealth to $106 billion, the second largest fortune in the world – behind Amazon’s Jeff Bezos.

 

“We’re not, you know, in some defensive posture where we’re mostly in cash, or anything like that,” Gates told Bloomberg Television on Tuesday. “The strategy that’s been used on the investments is to be over 60% in equities.”

 

Having 60%, in this case $60 billion in stocks or index funds, is an aggressive investment strategy for someone of Gates’ wealth. The average family portfolio in North America had about 32% of its assets in stocks in 2018, according to a Campden Wealth report.

 

Typically investors would be more diversified across asset classes like government bonds and real estate.

 

Gates’ charitable work is primarily done through The Bill and Melinda Gates Foundation. The foundation works to tackle inequality in health and education around the world, the climate crisis and world hunger. The organization works domestically on ensuring all students graduate from high school.

 

Financial advisors warn that just because a billionaire favors a particular allocation, it doesn’t mean all investors should follow suit.

 

“Whether it’s a billionaire, CEO or foundation, you have to remember that they are investing for their own objectives,” said certified financial planner Douglas Boneparth, president and founder of Bone Fide Wealth in New York. “You should be investing based on your own goals, your tolerance for risk and your preferences,” Boneparth said.

 

If you’re a young investor, for instance, and you won’t need the money for decades, you could stand to be more aggressively invested.

 

“You could have up to 100% in equity,” Boneparth said.

 

Pre-retirees or retirees, on the other hand, might need to be far less invested in stocks to reduce the risk in their portfolio.

 

“They’re relying on those assets to pay for their retirement,” Boneparth added.

 

Source: https://www.cnbc.com/2019/09/17/bill-gates-gave-away-35-billion-this-year-but-net-worth-didnt-drop.html?fbclid=IwAR0CY89POQ31ZFMHOqxhupOWTslaGddnY7xpJrow8PMvTaCaHtprRTWls8Y

WORD BANK:

 


ỦNG HỘ READ TO LEAD!

Chào bạn! Có thể bạn chưa biết, Read to Lead là một trang giáo dục phi lợi nhuận với mục đích góp phần phát triển cộng đồng người học tiếng Anh tại Việt Nam. Chúng tôi không yêu cầu người đọc phải trả bất kỳ chi phí nào để sử dụng các sản phẩm chất lượng của mình để mọi người đều có cơ hội học tập tốt hơn. Tuy nhiên, nếu bạn có thể, chúng tôi mong nhận được sự hỗ trợ tài chính từ bạn để duy trì hoạt động của trang và phát triển các sản phẩm mới.

Bạn có thể ủng hộ chúng tôi qua 1 trong 2 cách dưới đây.
– Cách 1: Chuyển tiền qua tài khoản Momo.
Số điện thoại 0947.886.865 (Chủ tài khoản: Nguyễn Tiến Trung)
Nội dung chuyển tiền: Ủng hộ Read to Lead
hoặc
– Cách 2: Chuyển tiền qua tài khoản ngân hàng.
Ngân hàng VIB chi nhánh Hải Phòng
Số tài khoản: 012704060048394 (Chủ tài khoản: Nguyễn Tiến Trung)
Nội dung chuyển tiền: Ủng hộ Read to Lead

 

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular