Bill Gates, the Second Richest Man in the World, Gave Away $35 Billion to Charity but His Net Worth Didn’t Go Down

The more you give, the more you receive, they say. While the expression is seen as figurative, you can now look at it literally if you look at Bill Gates’ situation. The Microsoft founder, who is known not just for his contribution in the tech world but also for his impressive charitable works, has given billions of dollars to those in need but that wasn’t enough to make his net worth drop.

Foundation

As per reports, Bill donated $35 billion to those in need via his Bill and Melinda Gates Foundation this year alone, however, his net worth has increased by $16 billion. This brings his estimated value of $107 billion, staying true to his title as one of the world’s wealthiest people. Despite the staggering fortune, that wasn’t enough to unseat Amazon founder Jeff Bezos, who is the richest among the rich.

Warren Buffett is also a founder of the philanthropic initiative

It is worth noting that Jeff is not a member of Giving Pledge, which Bill and his wife Melinda, along with Berkshire Hathaway CEO Warren Buffett, founded. The 55-year-old, who has an estimated net worth of $124 billion, had come under fire for not joining his billionaire peers in committing a chunk of his money for the needy.

His ex-wife Mackenzie Bezos signed with the philanthropic campaign after their divorce was finalized, which meant she will be getting 25-percent shares of his former husband’s company.

Jeff Bezos’ ex-wife is a member of Giving Pledge

The foundation aims to fight education and health inequality all over the world as well as the hunger problem. In the United States, it hopes that every student will finish high school. In terms of how much he donates, Bill said he is not in defensive mode and that the technique he resorts to is having 60 percent in equities in terms of investments.

Aggressive Investing

If you analyze Bill’s fortune and his strategy, it is quite aggressive. Sixty percent of his wealth means a little over $60 billion. But that doesn’t mean you should follow suit if you are an investor, financial advisors said. There are things you consider, New York-based Bona Fide Wealth president Douglas Boneparth said and warned that rich people and CEOs usually have their own objectives.

He further suggested considering your risk tolerance and goals and preferences in investing. For those who are still young and you don’t see the need to use your money soon, then you can be aggressive. However, if you are a retiree, then you should definitely be wary.

Big Risk-Taker

Bill is one of the bravest and most successful risk-takers out there. A promising student, he dropped out of Harvard in 1975 to put up Microsoft, which made him rich. However, he left the company in 2008 to focus on his foundation. But taking big leaps didn’t stop there: five years later, his campaign donated $5.5 billion to help put an end to one of the world’s health issues, polio.

Bill Gates’ foundation contributed huge sums of money to fight polio

Despite not totally eradicating the infectious disease, there have been laudable improvements since he hopped on board, like progress in developing vaccinations.