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Old 02-26-2013, 10:58 PM
 
3,523 posts, read 3,751,478 times
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Quote:
Originally Posted by jaypee View Post
Like I said, Gates has been selling 4-6M shares about 10-12x a year so if he keeps this up and not buy any, he'd be all out in about 7 years.
He'd have the bullk of his $11B before taxes.
Hm, didn't know this.

$11B left, out of the $60B I read earlier...or $11B total? Or he's donated the bulk of it?

My point is, his absence as a "focal point of money" in the market is going to affect either him or the market. He's not a completely independent force. At least I wouldn't think so....
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Old 02-26-2013, 11:17 PM
 
24,511 posts, read 34,115,918 times
Reputation: 12774
Quote:
Originally Posted by dub dub II View Post
Hm, didn't know this.

$11B left, out of the $60B I read earlier...or $11B total? Or he's donated the bulk of it?

My point is, his absence as a "focal point of money" in the market is going to affect either him or the market. He's not a completely independent force. At least I wouldn't think so....
He has a net worth of $66 Billion (estimated). However, he only owns $11B of Microsoft stock. Most of his money is in company called Cascade Investments... which is a holding company to manage his wealth. He is the chairman.
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Old 03-02-2013, 07:22 AM
 
Location: pacific northwest
419 posts, read 541,299 times
Reputation: 265
Why does anyone care???? - really. You have no other question but this. How dull.

Last edited by pnwretired; 03-02-2013 at 07:23 AM.. Reason: spelling
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Old 03-02-2013, 08:02 AM
PDD
 
Location: The Sand Hills of NC
8,776 posts, read 14,134,753 times
Reputation: 11850
Quote:
Originally Posted by oregonwoodsmoke View Post
Why on earth would anyone want 60 billion dollars in folding money?
So they could put in into a huge pile and dive into it like Scrooge McDuck used to do.
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Old 03-02-2013, 01:58 PM
 
4,711 posts, read 10,518,783 times
Reputation: 3745
I actually feel sorry for Bill Gates and others like him. Money is a pain in the ass!

While I'm not even a pimple on Bill Gate's butt, I inherited some commercial real estate from my parents that the taxman says is worth millions. One property is a shopping center and it's the biggest pain....so much so that I pay people to manage it. It's a big expense but I just can't be bothered dealing with it. I just take whatever is left over and go for a boat ride.

I can't imagine the hassles when you get up in Gate's league!
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Old 03-02-2013, 04:22 PM
 
3,523 posts, read 3,751,478 times
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Quote:
Originally Posted by pnwretired View Post
Why does anyone care???? - really. You have no other question but this. How dull.
pnw? retired? bill gates, is that you?
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Old 03-02-2013, 07:12 PM
 
Location: Philaburbia
31,152 posts, read 57,274,608 times
Reputation: 52008
More than you.

And me.
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Old 03-02-2013, 11:07 PM
 
5,470 posts, read 8,160,530 times
Reputation: 7274
Quote:
Originally Posted by car54 View Post
I actually feel sorry for Bill Gates and others like him. Money is a pain in the ass!

While I'm not even a pimple on Bill Gate's butt, I inherited some commercial real estate from my parents that the taxman says is worth millions. One property is a shopping center and it's the biggest pain....so much so that I pay people to manage it. It's a big expense but I just can't be bothered dealing with it. I just take whatever is left over and go for a boat ride.

I can't imagine the hassles when you get up in Gate's league!
That being the Key.

Money creates problems, but it also removes/solves them!

And you have the OPTION of selling.

Vs someone who HAS TO go to work tomorrow...
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Old 03-03-2013, 01:19 PM
 
Location: North Idaho
20,998 posts, read 25,737,156 times
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Quote:
Originally Posted by car54 View Post
I ............... I inherited some commercial real estate from my parents that the taxman says is worth millions. One property is a shopping center and it's the biggest pain....so much so that I pay people to manage it. It's a big expense but I just can't be bothered dealing with it. I just take whatever is left over and go for a boat ride...........

Not to worry, then, car54. If you aren't interested in your property and can't be bothered to pay attention to your money, someone will be along shortly to relieve you of the burden.
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Old 03-03-2013, 01:55 PM
 
Location: TX
795 posts, read 1,184,389 times
Reputation: 782
Dividends, guys. I cannot believe not a single person has mentioned this yet.

Microsoft currently pays a dividend of $0.23 per share, per quarter. The last SEC Form 4 shows Bill Gates owning about 421 million shares of MSFT. So every 3 months, he is paid $96.8 million in liquid cash. He is hardly short on cash.

Gates has been gradually selling MSFT shares since the early 90s to diversify and transfer to Cascade, which manages his personal fortune and foundation. Besides, the idea that he'd ever want to cash out entirely is laughable - his money is much safer in MSFT than in cash in a basement, and he knows it.
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