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Bill Gates’ Cash Can Buy Nigeria’s Stock Market - Business - Nairaland

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Bill Gates’ Cash Can Buy Nigeria’s Stock Market by investaNig: 2:10pm On May 10, 2021
I find this very interesting

Founder of Microsoft, Bill Gates’ cash in the bank can currently buy Nigeria’s stock market.

Most recent data postulates that the tech billionaire currently holds about $59.1 billion in the bank, far surpassing Nigeria’s Stock Exchange valuation of $53.7 billion (N20.4 trillion) at the time this report was drafted.

Bill Gates Net Worth amid Divorce With Melinda

The American billionaire is currently the fourth richest man in the world and his net worth is at a record high despite transferring nearly $2.4 billion in securities to Melinda Gates via Cascade Investment, Bill Gates investment vehicle, after filing for a divorce.

The troubled couple however affirmed their plan on remaining co-chairs and trustees of the Bill & Melinda Gates Foundation. Bill Gates’ close confidant, Warren Buffett is the foundation’s third trustee.

Bill Gates’ wealth is currently valued at $146 billion and he is estimated to have gained 14.1 billion in barely four months.

Gates has earned more than $50 billion in stock and dividends, including a $3.3 billion payout from Microsoft in 2004, as he owns about 1% of the world’s biggest software company.

He is the biggest shareholder of Canada’s biggest railroad operator, the Canadian National Railway.

Bill Gates made his wealth when he simplified the computer operating system by creating Microsoft Windows, the leading operating system in personal computers globally.

The billionaire has also disclosed that he doesn’t have any Bitcoin and spoke on the high price swing of the flagship crypto, often driven by “mania” prevailing in crypto markets making it hard for a normal investor to predict the crypto asset’s trajectory.

The data above shows that Bill Gates holds a significant amount of his wealth in cash, although it is noteworthy that he also has exposures in global equities, real estate, and collectables, which are also significant wealth creators for him.

Market experts have opined that the rationale behind holding so much cash amid rising inflation is to fund his philanthropic missions as he donates much of his wealth to causes that help better the world.

Gates’s current wealth valuation can at present, buy 80.2 million troy ounces or 2.14 billion barrels of crude oil.

https://nairametrics.com/2021/05/10/bill-gates-cash-can-buy-nigerias-stock-market/

8 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by investaNig: 2:10pm On May 10, 2021
read from our blog
Financial Decisions you might Regret
https://blog.investa.ng/financial-decisions-you-might-regret/
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by salbis(m): 2:56pm On May 10, 2021
The giant of Africa.

2 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Revere27: 2:56pm On May 10, 2021
Abeg make he come buy Nigeria make them share the money for us make we japa grin

121 Likes 11 Shares

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by BruncleZuma: 2:56pm On May 10, 2021
So, how does it remove corrupt politicians from our lives?

[img]https://media1./images/e62e2b319ff7e6bbea5853ff45e81aa3/tenor.gif?itemid=4612939[/img]

54 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Ujumira(f): 2:56pm On May 10, 2021
Doings
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Emu4life(m): 2:57pm On May 10, 2021
Yet, small....small Nigerian criminals won't let us here word.
No matter how rich you are in naija, your net worth is someone's pocket money.
BE HUMBLE

92 Likes 6 Shares

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Xscape047: 2:57pm On May 10, 2021
Persin wey don donate money taaya

1 Like

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Sterope(f): 2:57pm On May 10, 2021
Lol. Bill Gates hasn't got cash of that size.

2 Likes 1 Share

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by petrick10(m): 2:57pm On May 10, 2021
That's a big WOW
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Nobody: 2:57pm On May 10, 2021
investaNig:
what do you think

That Nigeria needs to transit from an oil dependent economy to an industrial economy...which is the only way to prosperity.

Selling oil, cocoa, palm oil, etc does not make a nation rich.

3 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Mkkwh: 2:57pm On May 10, 2021
too much ego...
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by janedonez(m): 2:57pm On May 10, 2021
Yes
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Soloboss534: 2:57pm On May 10, 2021
There is so much money in this world

2 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Dsprave: 2:57pm On May 10, 2021
Make dem sell the country to the dude, I bet he can manage it better.

2 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by XXXXTENTACION: 2:58pm On May 10, 2021
Wahala...
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by uzydicekid: 2:58pm On May 10, 2021
Desmond Elliott what have you done?? shocked

3 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Born2winnx: 2:58pm On May 10, 2021
Better style....
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Image123(m): 2:58pm On May 10, 2021
Now i am made whole after this fantastic news, right?
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by OtemAtum: 2:58pm On May 10, 2021
Hmm.
Some gods are on Earth to make money e.g Bill Gate, Elon Musk and Jeff Bezos(Commercial gods).
Some gods are on earth to entertain e.g Messi, Maradona, C. Ronaldo and Pele.
While some gods are on the Earth to make ignorant people look powerful to themselves and their fellow ignorant beings e g Jehovah, Allah, Moloch, Ahura Mazda and thousands of gods who are now held captive in their spiritual cage.

Which of these categories of gods do you fall into?

Read the BOOK OF UNIVERSAL HISTORY to find out more about the reality of the universe.
https://www.nairaland.com/2938907/doctrine-ufos

8 Likes 1 Share

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Nuelito: 2:58pm On May 10, 2021
Seen and noted
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Surebetwealth(f): 2:59pm On May 10, 2021
angry
Enough of Bill Gates and his money!

Check my signature and make your own money risk-free!

2 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by chibu4u2(m): 2:59pm On May 10, 2021
See money
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by socialmediaman: 2:59pm On May 10, 2021
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by LeeSantos(m): 2:59pm On May 10, 2021
grin
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by shegzhkn: 2:59pm On May 10, 2021
Lol, Bill gates is sure an overreach.

Was telling one Buhari troll sometimes ago how incredibly poor his country is , his response was 'Nigeria is richer than USA' grin , before he could be obliterated his fellow zombie by the monicker ibedun came to his rescue. Lol

9 Likes 1 Share

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by kambili999(f): 2:59pm On May 10, 2021
Very painful
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by michlins(m): 2:59pm On May 10, 2021
The gods must be crazy.

So much wealth in the hand of just a few number of individuals

1 Like

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by revived: 2:59pm On May 10, 2021
E go be
Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by Khd95(m): 3:00pm On May 10, 2021
i would have said he should buy nigeria, but that will be bad business move

2 Likes

Re: Bill Gates’ Cash Can Buy Nigeria’s Stock Market by dinocy(m): 3:00pm On May 10, 2021
Na so money be ?

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