September 18, 2019 | Investopaper
Bill Gates, the second richest person in the world has donated $35 billion dollars to charity this year. But what is more exciting is to know that the net worth of Bill Gates has increased despite the humongous donations by the tech tycoon. He added $16 billion to his net worth this year alone.
Bill Gates trails to Jeff Bezos in the list of world’s richest person. Gates has amassed a total wealth of $106 billion dollars. He has invested around 60 percent of his assets in equity. This shows that he has an aggressive approach to investing.
Although many prefer investment in government bonds and real estate, Bill Gates is concentrated towards equity. This is because he is bullish on the United States and global businesses.
Bill Gates is actively involved in philanthropy through his Bill & Melinda Gates Foundation.