Bill Gates is worth an astounding $81.6 billion and he
keeps getting richer every year. His secret weapon is a
man you have probably never heard of: Michael Larson.
Gates hired Larson 20 years ago, when his net worth was
a relatively paltry $5 billion, Anupreeta Das and Craig
Karmin report in a profile on the notoriously secretive
Larson at the Wall Street Journal . Larson runs Gates'
personal investment company Cascade Investment LLC,
funded solely by Gates.
At one time, Gates wealth depended solely on Microsoft.
But for years he's been selling off his Microsoft stake. The
common perception is that he's been using the proceeds
from those sales directly for charity. That's not entirely
how it works. Although Gates makes his own
investments in tech, it is Larson, though Cascade, who
has taken Gate's money and diversified it. Gates now has
vast holdings in real estate and non-tech companies like
the Canadian National Railway Co., AutoNation Inc., and
Republic Services Inc. It is these vast holdings that helps
fund the Gates' donations.
And although Gates has given an astounding $38 billion
to his charitable foundation , thanks to Larson, he's
getting richer faster than he give his money away. His
$81.6 billion is nearly $6 billion more than it was as of
March 2014, when he was worth $76 billion, we reported
at the time. And $76 billion was $9 billion more than he
was worth in March, 2013.
In February, Gates celebrated 20 years of this partnership
by throwing a gala to honor Larson at his Seattle mansion,
reports the WSJ . It was a rare occasion where the two
men socialized with each other. Apparently, they aren't
buddies and don't hang out much, sources told the
Journal.
At the party, Gates told guests that he has "complete trust
and faith" in Larson, meaning that Larson invests Gates'
money, buying and selling, with completely autonomy.
And he does it all under a cover of such ferocious secrecy
that he's been nicknamed "the Gateskeeper."
Although publicly traded companies do reveal when
Cascade has invested heavily in them, Larson has all sorts
of tricks for keeping Cascade and Bill Gates' name out of
other investments, sources told the Journal.
For instance, he makes employees sign confidentiality
agreements which cover them even after they leave. He
farms out more than $10 billion to up to 25 outside
money managers. This helps him find new investment
ideas, but it also helps cover the trail. When Cascade was
part of an investment group that bought the Ritz-Carlton
hotel in San Francisco, the publicist didn't even know
Cascade, and Bill Gates, was among them.
He's also been known to fire up a limited Limited Liability
Corporation to make real estate purchases, to keep
Cascade's name off the deal and the deed.
He's so good at hiding the trail that most people don't
know that Gates, through Cascade, owns a significant
stake in the Four Seasons luxury-hotel chain.
And he's frugal with the boss's money, too. Apparently
Cascade employees, of which there are about 100, are not
allowed to stay at the Four Seasons when traveling on
business, even if that business is on behalf of the Four
Seasons. They must choose a lower-cost, less luxurious
hotel.
"Melinda and I are free to pursue our vision of a healthier
and better-educated world because of what Michael has
done," Gates told guests at the party.
And ultimately, the money will go to charity. Bill and
Melinda Gates have vowed to donate 95 percent of their
wealth to their foundation, as part of Gates' Giving
Pledge.
But until then, Larson is making it grow.


Source: BusinessInsider

"Paltry $5billion"?
20 years ago? And u say that was small money? That is not seed money o. That is wealth!

Larson, working for his money...

how much is larson worth

Behind every successful person is a man or a woman.

TeamclicksAir: how much is larson worth

Question!

fijinjesu2005:
Hello, habincci_hub-0 Ineeds this: Coconuts Needed .Can youksupplysit?
xVisitlthe linkBbelow.
qeL6od eddave ZtGWwQ sechomes BcCzX9 okooloyun1 44Nkp5 agarawu23 HVrIe0 chrisxxx aTBye7 anibirelawal IFDnvF shobizz 8aeAi8 gidjah Z4BqrH olekumaster

pls stop mentioning me

fijinjesu2005:
Hello, habincci_hub-0 Ineeds this: Coconuts Needed .Can youksupplysit?
xVisitlthe linkBbelow.
qeL6od eddave ZtGWwQ sechomes BcCzX9 okooloyun1 44Nkp5 agarawu23 HVrIe0 chrisxxx aTBye7 anibirelawal IFDnvF shobizz 8aeAi8 gidjah Z4BqrH olekumaster

Who is this slowpoke?

EdDave:
Who is this slowpoke?

Pls stop mentioning me I'm not d person that posted it.

EdDave:
Who is this slowpoke?

Who is this person always mentioning sevral people at the same time for one boring site sef please stop it, it's getting boring.

POST SINCE 2014??