Bill Gates gave away $35 billion this year but didn't see his personal net worth drop.
Key Points
Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Bill GatesThe founder ofadded $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg. That brings Gates' total wealth to $106 billion, the second largest fortune in the world — behind Amazon's Jeff Bezos.
Having 60%, in this case $60 billion in stocks or index funds, is an aggressive investment strategy for someone of Gates' wealth. The average family office portfolio in North America had about 32% of its assets in stocks in 2018, according to a Campden Wealth report. Financial advisors warn that just because a billionaire favors a particular allocation, it doesn't mean all investors should follow suit.
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