WASHINGTON – The founder of Microsoft, Bill Gates, added $16 billion to hisnet wealth this year, despite giving away $35 billion to charity, Bloomberghas reported.
Gates’ net worth now is $106 billion, leaving him the second richest personin the world, just behind Amazon’s Jeff Bezos.
Bill Gates told Bloomberg Television on Tuesday that he is not taking adefensive approach with keeping most of his billions in cash, adding that,“The strategy has been used is to be over 60% in equities.”
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Gates’ charitable work is done mostly through the Bill and Melinda GatesFoundation works on health, education, climate change and world hunger.Within the United States, the Foundation works on ensuring all childrengraduate from high school.
