Billionaire Bill Gates Is Betting Big on a Transportation Recovery. This Stock Could Take Off if He's Right.

Billionaire Bill Gates is one of the most respected business leaders in the world. Gates co-founded Microsoft and was its CEO through its most rapid growth years in the '80s and '90s as Microsoft came to dominate the market for PC operating systems and productivity software in its Office suite, positions it still enjoys today.Gates stepped down from the leadership post in 2000 and resigned as chairman of the board in 2014. Since then, he has devoted himself to philanthropy through the Bill & Melinda Gates Foundation, but he is still one of the richest people in the world with a net worth of $103 billion. Much of that wealth is held in the foundation, which has $45 billion in assets under management. Gates doesn't directly manage the endowment, a task given to Cascade Management Company, but he does oversee it as a trustee. Not surprisingly, the trust's top holding is Microsoft, while the second-largest is Berkshire Hathaway, whose CEO, Warren Buffett, is a close friend and associate of Gates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool