The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc, the world’s biggest security-services provider.
The world’s 300 wealthiest people added $15.6 billion to their collective net worth this week as the Standard & Poor’s 500 Index and Dow Jones Industrial Average closed at record highs amid optimism that the economic recovery will accelerate.
At least 54 million people in Asia can thank Bindeshwar Pathak when they defecate in private. If he has his way, about 600 million people in India who don’t have that luxury will join them a decade from now.
Bill Gates, chairman and co-founder of Microsoft Corp., is seeking a further $1.5 billion in donations to wipe out polio by 2018 and make it the first infectious disease eradicated since smallpox was wiped from the planet in 1979.
The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.
Bill, Hillary and Chelsea Clinton raised $200 million in 10 months for their foundation’s endowment, positioning the nonprofit to survive even if its cash-collecting namesakes engage in a 2016 presidential run.