Gates safeguards his assets against inflation via these three dividend-yielding stocks.
🤖 Without the Shackles: The mighty Bill & Melinda Gates Foundation, the world's biggest private philanthropy, continues to thrive, despite the buzz about Bill and Melinda's private split. The financial reins of the foundation are held by the Bill & Melinda Gates Foundation Trust, overseen by external investment managers. Every quarter, Bill must shed light on the portfolio's investments. Contrary to expectations, the tech sector accounts for a mere 1.33% of the portfolio, with the financial sector climbing to an astounding 50% - a significant slice of which belongs to Warren Buffett's Berkshire Hathaway.
🗑️ Trashing Profits: Waste Management, America's largest private waste company, takes up about 15% of Gates' portfolio. This company boasts numerous recycling facilities and waste disposal sites. Regardless of the economy's state, waste production remains steadfast. The company has increased its dividend for 19 consecutive years, distributing nearly a billion dollars last year alone. With a robust free cash flow, future payouts seem guaranteed. The stock has shown a 14% rise so far this year and a staggering 540% growth over the last decade. This fiscal year, revenue could jump by 28% to €19.38 billion, and earnings per share by 36% to €5.57.
- Bill Gates, despite his personal circumstances, remains deeply involved in the financial sector, as the Bill & Melinda Gates Foundation Trust manages a large portion of the foundation's investments, with a significant share invested in Warren Buffett's Berkshire Hathaway.
- In addition to his philanthropic endeavors, Gates has a considerable interest in business, as Waste Management, the largest private waste company in America, comprises approximately 15% of his portfolio.
- Personal-finance management appears to be a key consideration for Gates, as he considers companies that demonstrate consistent dividend increases, like Waste Management, which has boosted its dividend for 19 consecutive years.
- Outside of his investment in technology through the Bill & Melinda Gates Foundation, Gates has shown a keen interest in sports, as evidenced by the growth of Waste Management's stock, which has risen by 14% this year and an impressive 540% over the last decade, with potential for further increases in revenue and earnings this fiscal year.
