In this article, we’ll take a look at an overview of Bill Gates’ net worth, his investments in interesting startups, and his top 10 holdings in the third quarter of this year. If you want to skip this game and see their top 5 holdings, click Bill Gates’ Top 5 Holdings.
Bill Gates net worth
Bill Gates has been on lists of the richest people in the world for quite some time now. As of December 19, Bill Gates’ net worth, according to Forbes’ Realtime Billionaires List, stood at $104.2 billion. He ranks sixth in the list. Gates enjoyed the title of the richest person in the world from 1995 to 2017 except for 2010 and 2013. In 2017, Jeff Bezos overtook Gates to become the richest person in the world. What made Bill Gates one of the richest people on this planet was Microsoft Corp (NASDAQ:MSFT), which Gates co-founded in 1975. Microsoft Corp (NASDAQ:MSFT) now has a market capitalization of $1.8 trillion.
Bill Gates gave billions in charity. Earlier this year, in a tweet, Gates said he was considering donating all of his wealth to the Bill & Melinda Gates Foundation eventually.
“I’m going down and eventually out of the list of richest people in the world,” the tweet said.
Annual spending by the Bill & Melinda Gates Foundation is expected to reach $9 billion a year by 2026.
Bill Gates investments in startups
Bill Gates invests in several up-and-coming startups striving to solve some of the world’s biggest problems. With climate being Bill Gates’ focus in recent years, his startup investments are also focused in the energy sector. Gates invests in these promising companies via Breakthrough Energy Companies. We’ll discuss five of the most important startups that Bill Gates has invested in according to BEV’s website.
– A notable investment by Bill Gates is in Turntide Technologies, a company that is working on various solutions to accelerate decarbonization. The company manufactures smart engines and technologies for buildings and agriculture to reduce carbon emissions.
– Bill Gates has also invested in C16 Biosciences, which produces sustainable alternatives to palm oil using biotechnology. The media suggests that C16 Biosciences is ready to launch a palm oil alternative as early as next year.
Blue World Technologies is working on fuel cell technology which can be used in various applications to replace diesel generators and combustion engines. Bill Gates’ Breakthrough Energy Ventures participated in a €37 million Series B investment round for the company.
Dandelion Energy is a geothermal startup that installs geothermal systems in homes. Last year, the company received a $30 million investment from BEV.
Another significant investment from Bill Gates is LuxWall, which creates transparent thermal insulation using evacuated glass technologies to dramatically reduce energy consumption and carbon emissions from buildings.
In addition to BEV, Bill Gates also invests in exciting startups through the Bill & Melinda Gates Foundation. All these investments are registered on the list of the trust website. Some notable startups the trust is currently supporting include:
– AgBiome: a biotechnology company working on crop protection.
– Atreca: a biotechnology company that manufactures therapeutics based on its ability to rapidly characterize the human adaptive immune response at the single-cell level.
– CureVac: a Germany-based company that manufactures messenger RNA-based treatments and vaccines.
Clinvet: a global veterinary contract research organization (CRO) specializing in the conduct of clinical and preclinical trials to assess the safety, metabolism and efficacy of animal health products.
– CropIn Technology: an India-based startup that uses technology to solve problems such as food insecurity, low crop yields, climate change and more.
– Lyndra Therapeutics: a Massachusetts-based company whose drug delivery platform is designed to deliver drugs for a week or more in oral form.
Bill Gates’ 10 Biggest Holdings
To see the holdings of Microsoft Corp (NASDAQ:MSFT) co-founder Bill Gates, we’ll look at the Bill & Melinda Gates Foundation’s 13F portfolio and pick the trust’s 10 largest holdings at the end of the third quarter.
10. Waste Connections Inc. (NYSE: WCN)
Waste Connections Inc (NYSE:WCN) was a new addition to Bill Gates’ portfolio in the third quarter. The Bill & Melinda Gates Foundation ended the September quarter with a $290.4 million stake in the company. Waste Connections Inc (NYSE: WCN) is a North American integrated waste management services company that provides waste management services such as the collection, transfer, disposal and recycling of waste, primarily solid waste . Last month, Waste Connections Inc (NYSE: WCN) declared a dividend of $0.255/share, representing a 10.9% increase from the previous dividend of $0.23.
Of the 920 hedge funds tracked by Insider Monkey at the end of the September quarter, 33 held stakes in Waste Connections Inc (NYSE: WCN). The total value of these holdings was approximately $1.2 billion.
9. Coca-Cola Femsa SAB de CV (NYSE: KOF)
Based in Mexico, Coca-Cola Femsa SAB de CV (NYSE: KOF) is a subsidiary of FEMSA. Coca-Cola Femsa SAB de CV (NYSE: KOF) markets and sells Coca-Cola branded beverages. For the third quarter, Coca-Cola Femsa SAB de CV (NYSE:KOF) posted a net profit of 4.37 billion pesos. Revenue for the period jumped around 18% on an annual basis.
Coca-Cola Femsa SAB de CV (NYSE:KOF) isn’t very popular among the elite hedge funds tracked by Insider Monkey, as only 9 out of 920 funds in our database reported holdings in the company at the end of the September term. However, Coca-Cola Co Inc (NYSE:KO) remains one of the most popular stocks among elite funds. At the end of the third quarter, 59 hedge funds reported having stakes in the beverage company.
8. Walmart Inc. (NYSE: WMT)
Microsoft Corp’s (NASDAQ:MSFT) Bill Gates fund entered the final quarter of 2022 with a $392 million stake in Walmart Inc (NYSE:WMT). Last month, Bank of America analyst Robert Ohmes said Walmart Inc (NYSE:WMT) had a great Black Friday shopping season. The analyst said that in the stores he visited, traffic was strong, especially in electronics, groceries and toys.
The analyst noted that Walmart Inc (NYSE:WMT) stores were well-staffed and well-stocked.
In a separate report earlier in November, Ohmes noted that Walmart Inc (NYSE:WMT) has a strong ability to survive any possible recession in the United States. He had said in a report that Walmart Inc (NYSE:WMT) had less exposure to discretionary spending than other market players like Target. He reminded investors that Walmart Inc (NYSE:WMT) had outperformed the market in the past five recessions.
7. Ecolab Inc (NYSE:ECL)
Bill Gates’ fund has held stakes in Ecolab Inc (NYSE:ECL) for more than a decade now. At the end of the September quarter, the Bill & Melinda Gates Foundation reported holding a $703 million stake in Ecolab Inc (NYSE:ECL).
Ecolab Inc (NYSE:ECL) develops and provides services, technologies and systems to clean and purify water. Recently, Ecolab Inc (NYSE:ECL) stock plunged after the company gave weak guidance for the fourth quarter and also announced third quarter results. Net income for the September quarter was $347.1 million, up from $324 million in the comparable quarter a year ago. Ecolab Inc Inc (NYSE:ECL) expects its fourth quarter earnings to be hit by $0.11 per share due to foreign currency headwinds and higher interest charges.
6. Caterpillar Inc. (NYSE: CAT)
Microsoft Corp (NASDAQ:MSFT) co-founder Bill Gates’ fund owns a $1.21 billion stake in Caterpillar Inc. (NYSE:CAT), as of the end of the third quarter. Caterpillar inc. (NYSE:CAT) recently grabbed headlines as the company reported strong third-quarter results, driven by growing demand for its earth-moving equipment and strong pricing power. Caterpillar inc. (NYSE:CAT) rose and led the large-cap industry group in the week ending October 28.
However, Deutsche Bank analysts downgraded the stock, citing fears of a global recession. Nevertheless, Caterpillar Inc. (NYSE:CAT) remains one of the strongest players in the market. The stock has gained 10% since the start of the year despite headwinds in the global market. Caterpillar inc. (NYSE:CAT) has increased its dividend continuously for the past 28 years.
At the end of the third quarter, 43 hedge funds tracked by Insider Monkey held stakes in Caterpillar. The total value of these holdings was $2.84 billion. Among the company’s major stakeholders are Ken Fisher’s Fisher Asset Management ($1.2 billion stake) and Ric Dillon’s Diamond Hill Capital ($311 million stake).
Click to continue reading and viewing Bill Gates’ Top 5 Holdings.
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Disclosure: none. Bill Gates net worth, investments and holdings is originally published on Insider Monkey.
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