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This is what drives me up the wall whenever Bill Gates comes up. His net worth is double what it was a decade ago. He's not doing philanthropy, he's doing inves
by ahoy 8y ago
This is what drives me up the wall whenever Bill Gates comes up. His net worth is double what it was a decade ago. He's not doing philanthropy, he's doing investing.
- batmenace 8y agoI mean... The two are not necessarily mutually exclusive. If Bill Gates gives away 49% of the money his investments make a year (hypothetically), he makes money, and he gives money away. If he funds the Series A of a biotech company to help it continue its research and the company then gains value, it's not just investing, it's also philanthropy.
- tathougies 8y agoAnyone who has invested broadly in the stock market should have more than doubled their wealth from a decade ago
- nearbuy 8y agoHe has also pledged to give 95% of his wealth to charity, so most of that net worth increase should end up going to charity eventually.
- JetSpiegel 8y agoAfter he is dead? Does it mean it is moral to kill him ASAP?