Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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....
$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.
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!
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!
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.
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.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
