How much of Costco does Bill Gates own?
Bill Gates Costco Wholesale Corp
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Fmr Llc, Morgan Stanley, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Bank Of America Corp /de/ .
Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued other business and philanthropic endeavors. He is the founder and chairman of several companies, including BEN, Cascade Investment, TerraPower, Gates Ventures, and Breakthrough Energy.
Bullish on this entire logistics and supply chain market, regardless of the competitive differences, the Bill & Melinda Gates Foundation now owns through Cascade Investment 1.53 million shares of FedEx Corp. This is worth $392 million. Gates has the 10th largest holding at FedEx, in contrast to the 15th at UPS.
Microsoft Corp (MSFT. O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE. N), with a 5% stake, according to a regulatory filing.
Costco is a publicly traded company, meaning it is owned by its shareholders. There is no single owner.
James D. Sinegal (born January 1, 1936) is an American billionaire businessman and the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.
The trust's most recent 13F filing made with the SEC revealed its top investments, which are somewhat unique in that they're not your typical mega-cap tech companies. Instead, the trust owns concentrated stock positions in less heard of companies, like Coca-Cola FEMSA, which is a Mexican bottler of popular soft drinks.
- Microsoft: 34% It isn't a bit surprising that Microsoft would lead the pack, given Gates' inexorable ties to the company. ...
- Berkshire Hathaway: 17% ...
- Canadian National Railway: 16% ...
- Waste Management: 15%
The Gates Foundation Trust currently owns 755,089 shares of UPS, valued at around $118.7 million. While UPS stock only accounts for 0.28% of the trust's portfolio, Bill Gates has held the stock since 2014. That's a powerful vote of confidence from one of the world's foremost investors.
Does Bill Gates own part of Amazon?
According to reports, Bill Gates has invested a total of $100 million in Amazon. This investment was made in 1995, when Amazon was still a relatively new company.
Editor's Choice. The trust didn't own much of ride-hailing giant Uber, just 26,767 shares, but sold them all in the fourth quarter. Uber stock had a strong 2020, surging 71.5%.
As of September 2021, Gates' net worth is estimated to be around $125 billion. If his fortune were converted to gold, he would have approximately 2,500 metric tons of the metal. That's equivalent to about two Olympic-sized swimming pools filled with gold.
Deere & Co.
Berkshire Hathaway was a big buyer of farm machinery leader Deere (DE) in the fourth quarter of 2015, adding 5.8 million shares to a stake Buffett Co. have had since at least 2014. Berkshire now holds 22.9 million shares, or 7.2% of the company.
Ted Turner, the media mogul, also owns 2 million acres of farmland, while Amazon founder Jeff Bezos owns over 420,000 acres. Surgeon and author Dr.
He responded, “I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.”
James Sinegal, the co-founder and former CEO of Costco, is Catholic. Costco is not owned by a single individual. It is a multinational corporation managed by a Board of Directors.
Price Club was an American warehouse club chain. Founded in 1976, it merged with its competitor, Costco Wholesale, in 1993. The original Price Club warehouse in San Diego, California, is now Costco location number 401.
The company's first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego.
For Craig Jelinek's final year as Costco CEO, the 71-year-old is going out with a financial bang. Jelinek's base salary for 2023 was $1.1 million, add to that stock awards of nearly $15 million and other compensation, for a total package worth a very respectable $16.8 million, per Costco's most recent proxy filings.
Why do rich people like Costco?
High-Quality Products. “The store boasts a wide range of premium-quality products at prices that are hard to beat, with their Kirkland Signature brand being a customer favorite,” said Susan Anderson, founder of The Worthy Goods, a guide for consumers looking to make conscious purchasing decisions.
Costco is known for its great deals — and even the wealthy can't resist them. A 2023 comparison study of Costco and Sam's Club shoppers found that Costco shoppers tend to be higher income, CNBC reported.
Bill Gates added to his holdings in McDonald's Corporation by 10.13%. His purchase prices were between $93.27 and $98.92, with an estimated average price of $96.07. The impact to his portfolio due to this purchase was 0.49%. His holdings were 10,872,500 shares as of 12/31/2013.
- Microsoft: 34% It isn't a bit surprising that Microsoft would lead the pack, given Gates' inexorable ties to the company. ...
- Berkshire Hathaway: 17% ...
- Canadian National Railway: 16% ...
- Waste Management: 15%
