Gates is the co-founder and chairman of Microsoft, the world's biggest software company. America's richest man owns 6 percent of the Redmond, Washington-based company, a stake that makes up about a quarter of his total wealth. The rest of his fortune lies in Cascade Investment, a closely held investment vehicle. He has gifted $28 billion to his foundation.
Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.
Fomento de Construcciones y Contratas SA, the Spanish builder that counts Bill Gates and George Soros among investors, got support from almost all its lenders for a 4.5 billion-euro ($6.2 billion) refinancing deal.
Fomento de Construcciones y Contratas SA, the Spanish builder that counts Bill Gates and George Soros among investors, rose in Madrid after Expansion newspaper said the company expects to announce a refinancing agreement today.
California laws allowing highly ineffective teachers to keep their jobs impair students for life and should be thrown out, a lawyer told a judge at the end of a two-month trial over whether tenure protections violate a constitutional right to an education.