Bill Gates keeps $56.7 billion in the bank, now worth $138 billion (2024)

FAQs

Bill Gates keeps $56.7 billion in the bank, now worth $138 billion? ›

According to recent data from Bloomberg Billionaires Index, the tech billionaire currently has $56.7 billion cash in the bank as his net worth hangs around $138 billion. On May 4, 2020, Gates' net worth was an estimated $105 billion. He's nearly $70 billion richer than he was five years ago in 2016.

How much does Bill Gates have in cash? According to Bloomberg, Bill Gates holds more than $50 billion in cash at hand.

Key Takeaways. Bill Gates still owns more than 1% of Microsoft's shares, worth around twenty billion dollars. Gates has a lot of his financial investments held by a family office known as Cascade Investments. He also has substantial real estate holdings and an extensive collection of collectibles.

The net worth of Bill Gates as per the year 2022 is USD 10,420 crore.

Gates's fortune may grow further before he gives it all away

Historically, Gates has donated shares of Microsoft and other investments directly to charities like the Bill & Melinda Gates Foundation, which keeps the bulk of its now nearly $70 billion endowment in stocks.

Citi Private Bank is the private banking department of Citibank. Their services are reserved for worldly and wealthy individuals as well as their families. While eligible clients can get deposit accounts and retirement accounts as you'd find at any other bank, there are also many specialized products and services.

10. Gates could give every single living person on the planet $15 — and still have $28 billion left over. The world population was 7,874,758,042 as of May 2021.

For Capital Grants

Our next deadline for capital grant applications is March 15, 2023. Email completed grant applications to grants@gatesfamilyfoundation.org or mail to 1390 Lawrence Street, Suite 400, Denver, CO 80204.

He probably has something in the range of $5–11 billion in cash and equivalents, if I had to wager a guess. The average ultra high net worth investor had around 10% of their assets in cash equivalents in 2017 and Bill Gates is worth around $110 billion, give or take.

Who is No 1 richest person in the world? ›

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

How much is Trump worth? As of May, Forbes estimates Trump's net worth at $2.5 billion, putting the real estate developer at No. 1,232 on the magazine's list of the world's richest billionaires. That's a 22% decline from 2022, when the magazine estimated his fortune at $3.2 billion.

Since establishing his first charitable foundation in 1994, Gates and his now ex-wife Melinda French Gates grew their philanthropic careers into the Bill & Melinda Gates Foundation, a household name in the global fight against disease, poverty, and inequality.

In general, and except in specific circ*mstances as noted on certain grant applications, the foundation is unable to make grants directly to individuals. Examples of areas the foundation does not fund: Direct donations or grants to individuals.

Bill Gates said he uses a Samsung Galaxy Z Fold4 during an Ask Me Anything on Reddit. He said the chairman of Samsung gave him his phone when he went to South Korea to update his Fold 3. Gates previously said he uses an Android because he wants "to keep track of everything."

Generally, there's no checking account maximum amount you can have. There is, however, a limit on how much of your checking account balance is covered by the FDIC (typically $250,000 per depositor, per account ownership type, per financial institution), though some banks have programs with higher limits.

Millionaires also bank differently than the rest of us. Any bank accounts they have are handled by a private banker who probably also manages their wealth. There is no standing in line at the teller's window. Studies indicate that millionaires may have, on average, as much as 25% of their money in cash.

Yes, generally, every bank has a currency counting machine. If a person is willing to deposit 1 million dollars in the bank, the bank has the authority to ask the reason for holding that much money.

Many high-net-worth individuals choose to put their money in checking accounts offered by major banks. But instead of opting for the standard checking account, these millionaires have access to private banking opportunities tailored to their money management needs.

What bank has the most cash on hand? ›

A billionaire has a net worth of at least one billion units in their native currency.

The average IQ varies from country to country, with the US standing at 98. Anything above 130 is high. Here are some of the glimpses of genius that attest to Bill Gates' high IQ, even to the point of being a 160 score.

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.

Working off a yearly wage of $4 billion, this means Gates would earn $10,959,000 per day – that's $456,625 an hour, $7,160 a minute and $127 per second! Yes, if Gates dropped a $100 bill on the ground, it would literally not be worth the time he spent to pick it up – and he's not the only one where that's the case.

As for Gates, he has set a number of goals and made bold predictions. The billionaire expects a vaccine for HIV by 2030 and has set his sights on completely eradicating malaria. To do this, he regularly invests in new and innovative startups and technologies in the $12 trillion global healthcare industry.

Microsoft Corporation

Bill & Melinda Gates Foun...

Traf‑O‑Data

The Giving Pledge

Xbox Game Studios

The Global Fund to Fight AIDS, Tube...

Bill & Melinda Gates Foundation Travel Award for Scientists from Low and Low-Middle Income Countries. Scientists in low- and low-middle-income countries who would otherwise be unable to attend the meeting can receive the funds necessary for travel expenses.

It should come as no surprise that one place billionaires keep their money is in real estate. One of the most common ways to invest in real estate without worrying about constant maintenance is to put your money into real estate investment trusts (REITs).

In January 2022, a filing by the New York AG reported that Trump's tax documents show that his liquid assets were about $93 million in 2020.

How much liquid cash does Mark Zuckerberg have? ›

The 36-year-old CEO and founder of the biggest social media company, Facebook, believed to be worth $104 billion, keeps just $2.3 billion in cash (4.4% of his net wealth). His present wealth valuation is estimated to be above the worth of 2 billion barrels of crude oil or 56 million troy ounces of gold.

Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.

The Walton Family is the richest family in the world. It owes its wealth to the Walmart company started by brothers Sam & Bud Walton in Northwest Arkansas more than six decades ago.

Françoise Bettencourt Meyers – US$80.5 billion

The richest woman in the world this year hails from France, just like the richest man, Bernard Arnault. With over US$80 billion in the bank, Bettencourt Meyers' wealth is derived from her and her family's 33 per cent stake in L'Oréal.

Joe Biden's Net Worth

While still serving as vice president, his net worth was $2.5 million, but in the years between holding political office his net worth shot up to $8 million, according to Forbes. Celebrity Net Worth pegs Biden's estimated net worth at $9 million, however.

Yesterday, a jury found the former president liable for the sexual abuse and defamation of the magazine writer E. Jean Carroll, ordering him to pay her $5 million. The case was a civil trial, which means that Trump is not subject to prison time.

The president's salary currently sits at $400,000 annually. This amount was set by Congress in 2001, with the passage of a provision in the treasury appropriations bill. Prior to that, the President's salary had been locked in at $200,000 for 30 years.

Bill Gates Loves Pizza, Tandoori Chicken, And Sushi: His 5 Favorite Foods.

Gates invested in Hampton Creek Foods, a startup company working on plant protein based egg substitutes, and has praised Beyond Meat, a meat substitute company. Thiel gave a grant to Modern Meadow, a company using animal stem cells in what it calls "tissue engineering" to create meat and leather via 3D printing.

The Giving Pledge is a campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has 236 signatories from 28 countries.

Do billionaires give away money? ›

Gates and Buffett are the founders of the Giving Pledge. Others like Elon Musk and Mark Zuckerberg have signed it over the past decade.

Bill Gates - $5 billion

Topping the list is Microsoft co-founder Bill Gates, who gave $5 billion to the Bill & Melinda Gates Foundation to back the grantmaker's work in global health, development, policy and advocacy, and US education.

Things You Should Know

Send a letter to Bill Gates at the Bill & Melinda Gates Foundation. The mailing address is PO Box 23350, Seattle, WA, 98102. You can also tweet at Bill Gates.

Topping the list is Bill Gates, who gave $5 billion to the Bill & Melinda Gates Foundation to back the grantmaker's work in global health, development, policy and advocacy, and U.S. education.

The Foundation Trust holds the endowment, including the annual installments of Warren Buffett's gift, and funds the foundation. Bill and Melinda are the trustees for the Foundation Trust, and the endowment is managed, as it has been for almost three decades, by Cascade Management Company.

115.8 billion USD (2023)

Bill Gates / Net worth

Bill Gates has said many times that he prefers Android over iPhone, and that apparently hasn't changed. In a recent “Ask Me Anything” on Reddit, the Microsoft co-founder revealed that he unsurprisingly hasn't made the switch to an iPhone nor does he use an iPad, Mac, or Microsoft Surface Duo.

Known as the Falcon Supernova iPhone 6 Pink Diamond, this phone is a masterpiece of luxury and technology. It is currently the most expensive phone in the world, with a price tag of $48.5 million. But what makes this phone so special than other top iPhone variants or high-end androids?

Jeff Bezos' net worth is $139 billion as of May 2023, making him the third-richest person in the world. Bezos is the founder and former chief executive officer (CEO) of Amazon. He remains the executive chair of the company.

The Tesla CEO has a wealth of $187 billion, leaving behind French business magnate, Bernard Arnault who is at the second position with a total wealth of $185 billion.

How much money would Bill Gates have if he gave everyone a million dollars? ›

Gates could give every single living person on the planet $15 — and still have $28 billion left over.

I'm fairly certain it would take just one particularly vigorous shopping spree to spend away my "fortune." But it would take Bill Gates a lot more than that.

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

The 2023 Forbes List of the World's Billionaires features a new name at the top. French luxury goods magnate Bernard Arnault has officially surpassed Tesla CEO Elon Musk to take the title of world's richest billionaire.

There is nearly $83 trillion in the total global money supply, $48.9 trillion of which is M1.

If someone then gave you a billion dollars and you spent $1,000 each day, you would be spending for about 2,740 years before you went broke.

6. To sum how large an amount of money $76 billion is, ask students to do one more calculation: If Bill Gates spent $100 million a day, how many days would it take for him to run out of money? Answer: It would take 760 days, just over two years.

The Microsoft cofounder is one of the world's most prolific philanthropists, and he has said he wants to donate “virtually all” of his $103 billion fortune and drop off the world's richest persons list.

If you were given a billion dollars and told that you could spend it at a rate of $1,000 a day, it would take you about 2,740 years before you ran out of money. That equates to $5,000 a day for more than 500 years or $100,000 every single day for 25 years.