He holds some inflation-protected Treasury bonds called TIPs, and plain-vanilla corporate bonds like Ford, Du Pont, and Time Warner (parent of Time Inc., FORTUNEs publisher). Thanks in part to Mr. Larson and the soaring value of Microsoft's shares, Mr.. Despite the divorce, the Bill & Melinda Gates Foundation is staying intact. The New York Times reported that the handling of the situation had put Bill and Melinda Gates at odds. Since then Gatess fortune has grown to around $80bn (of which he has given away around half) after Larson diversified the funds out of Microsoft, Gatess software company, and into a broad range of investments. Sophie Alexander , Anders Melin and Tom Maloney 22 June, 2021 09:09 am IST cookies India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. Bill Gates' money manager Michael Larson was accused of making racist, sexist remarks to employees, The New York Times reported. 3/13/2023 2:22 PM. Who is Bill Gates' money manager Michael Larson? - The Sun At the center of both the Gates fortune and the Gates Foundation endowment is a little-known entity called Cascade Investment. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. I thought it was the old FBI trick, chuckles Larson, you know, ask for 13 and randomly pick three. Most of the time, even Bill Gates doesnt know what investments Cascade owns. All Rights Reserved. The interview was what really sold me on Michael, says Gates. And Warren Buffett, the founder of Berkshire Hathaway Inc., has periodically given shares in the conglomerate worth billions of dollars to the foundation. The Times reported that a lawyer sent the Gateses a letter alleging that Larson had been sexually harassing a woman who managed a bike shop. Stay up to date with what you want to know. Cascades assets have periodically been boosted by proceeds from the sales of Gatess Microsoft stock. The couples divorce announcement last month cracked the curated image. It declined to comment on its investment strategies but it is known to invest globally and across many asset classes. Had Larson not had the professional impact he had, it would be a simple yes, he should resign, said Mohamed, whose company helps family offices fill leadership positions.
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