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Bill Gates, at time of IPO owned 49% of Microsoft. If he hadn’t sold his stock, he’d be worth ~$1.5 Trillion To put that into context, he'd be worth 6x Elon M
by tiffanyh 3y ago
Bill Gates, at time of IPO owned 49% of Microsoft.
If he hadn’t sold his stock, he’d be worth ~$1.5 Trillion
To put that into context, he'd be worth 6x Elon Musk (who's the current riches person-in-the-world)
https://finance.yahoo.com/news/bill-gates-could-trillionaire-today-163852659.html#:~:text=The%20narrative%20begins%20with%20Microsoft's,stands%20at%20approximately%20%242.805%20trillion https://finance.yahoo.com/news/bill-gates-could-trillionaire....
- paxys 3y agoBut there would be a shit ton more polio in the world, so I'll accept that tradeoff.
- tiffanyh 3y agoLarry Ellison still today owns 42% of Oracle. What he does instead is take out loans against his stock. Bill could have done the same and still fund all his philanthropy. https://www.bloomberg.com/billionaires/profiles/lawrence-j-ellison/#:~:text=The%20majority%20of%20Ellison's%20fortune,company's%20September%202022%20proxy%20statement https://www.bloomberg.com/billionaires/profiles/lawrence-j-e....
- huytersd 3y agoMan I love Bill Gates so much. I know low effort posts are frowned here but I had to say it.
- meijer 3y agoYeah, but that would still have been a poor investment strategy. You have to manage the risk. And you can only do that by looking forward, not backward.
- dartharva 3y agoWho knows, Microsoft probably wouldn't have reached its current heights if less people had enough stakes.