The Bill & Melinda Gates Foundation is one of the world’s biggest philanthropic organizations. Once the world’s richest man, Bill Gates has fallen to seventh on the list with a net worth of $135.7 billion.
The Foundation had $77.1 billion in assets at the end of 2023 and it uses those vast resources to target health and poverty issues around the world.
Yet the Foundation also has a trust that goes by the same name. Its purpose is to manage the endowment’s assets and its portfolio looks very different than its parent.
Although the Trust seems to be more diverse, 70% of its $47.7 billion in assets under management is concentrated in just these three stocks.
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