Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. [2] It is controlled by Bill Gates, and managed by Michael Larson.[3] More than half of Gates's fortune is held in assets outside his holding of Microsoft shares.[4] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates's holdings, which was managed by convicted felon Andrew Evans.[5]
Larson reportedly directs Cascade's investments through Bill and Melinda Gates Investments, a firm that also manages the portfolios of the Bill and Melinda Gates Foundation and other connected entities.[6] Larson accrued over the twenty years from 1995 an 11% compound annual return,[6] and as of 2014 had 100 employees working under his direction.[1] In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson.[7]
With 269,000 acres of farmland (which has been historically countercyclical to the stock market) being held through a wide network of shell companies, Cascade Investment is the largest farmland owner in the United States.[8]
Cascade has managed Gates' stake in Canadian National Railway since 2013.[9] This constituted one of the investment firm's largest holdings.[10] In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent.[9]
^ abBort, Julie (September 20, 2014). "Meet Bill Gates' Investment Manager". Slate. Retrieved April 3, 2021.
^"Cascade Investment (Bill and Melinda Gates Investments (BMGI)) - Family Office, United States - SWFI".
^Das, Anupreeta; Karmin, Craig (September 19, 2014). "This Man's Job: Make Bill Gates Richer". The Wall Street Journal. Retrieved April 3, 2021.
^Miller, Matthew (March 5, 2008). "Gates No Longer World's Richest Man". Forbes. Retrieved April 3, 2021.
^Torres, Craig (March 7, 1993). "Convicted Felons Handle Gates Fortune". The Seattle Times. Retrieved April 3, 2021.
^ abWarwick-Ching, Lucy (October 21, 2015). "Cascade Investment, Bill Gates' wealth manager". Financial Times. Retrieved April 3, 2021.
^Das, Anupreeta; Flitter, Emily; Kulish, Nicholas (2021-05-26). "A Culture of Fear at the Firm That Manages Bill Gates's Fortune". The New York Times. ISSN 0362-4331. Retrieved 2022-12-28.
^"Bill Gates uses farmland as an investment outlet buying up potato, carrot and onion farms". NBC News.
^ abDolan, Kerry A. "Bill Gates Transferred Billions Of Dollars' Worth Of These Two Stocks To The Gates Foundation". Forbes. Retrieved 2022-12-28.
^"Bill Gates Sells $940 Million of CN Rail Stock, Trimming Stake to 9%". Bloomberg.com. 2022-05-13. Retrieved 2022-12-28.
and 23 Related for: Cascade Investment information
CascadeInvestment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. It is controlled...
is the founder and chairman of several companies, including BEN, CascadeInvestment, TerraPower, Gates Ventures, and Breakthrough Energy. He has donated...
Look up Cascade or cascade in Wiktionary, the free dictionary. Cascade, Cascades or Cascading may refer to: Cascade waterfalls, or series of waterfalls...
and global development, and a technology investment portfolio. The firm is distinct from CascadeInvestment and the Bill & Melinda Gates Foundation although...
100 hotels and resorts worldwide. Since 2007, Bill Gates (through CascadeInvestment) and Prince Al-Waleed bin Talal (through Kingdom Holding Company)...
was listed on the London Stock Exchange until it was acquired by CascadeInvestment, Blackstone Group, and private equity firm Global Infrastructure Partners...
the company's chairman) and CascadeInvestment. In May 2006, another investor group which included Rogers, CascadeInvestment and Credit Agricole (who had...
Honored Economist of Ukraine in 2010. Founder and Chairman of the CascadeInvestment Fund, President of the Ukrainian Golf Federation. From 2002 to 2019...
May 2012, Microsoft co-founder Bill Gates, through his investment vehicles CascadeInvestment and the Bill & Melinda Gates Foundation, increased his stake...
Laboratory. One of TerraPower's primary investors is Bill Gates (via CascadeInvestment). Others include Charles River Ventures and Khosla Ventures, which...
and the timeframe for return on investment is 20 years. Traditional venture capitalists look for a return on investment in five years, which may not be...
capital and tech leaders from both the U.S. and Mexico. Through his CascadeInvestment, Bill Gates acquired the Punta Mita Four Seasons resort and adjacent...
largest single shareholder of CN stock, owning a 14.2% interest through CascadeInvestment and his own Bill and Melinda Gates Foundation. From 1919 to 1978,...
out The Weitz Company. In 2013, CascadeInvestment invested $1 billion in Orascom Construction. Following this investment, a Netherlands-based company,...
Public image Residence Companies Traf-O-Data Microsoft (criticism) BEN CascadeInvestment TerraPower Gates Ventures Charitable organizations Bill & Melinda...
property titles were easily re-sold. Businessmen who could provide initial investment capital were able to collect these property titles and thus take control...
and technology. Present investments include: Four Seasons Hotels & Resorts (Canada-based) (owns 23.75% with CascadeInvestment, LLC, and others) Fairmont...
23, 2023, Microsoft announced a new multi-year, multi-billion dollar investment deal with ChatGPT developer OpenAI. At a November 2023 developer conference...
Hathaway Blackstone Boeing Brunswick Corporation Carlisle Companies CascadeInvestment Cedar Fair Charter Communications Cinemark Colgate-Palmolive Comcast...
Boise Cascade Company is an American manufacturer of wood products and wholesale distributor of building materials, headquartered in Boise, Idaho. A public...
Public image Residence Companies Traf-O-Data Microsoft (criticism) BEN CascadeInvestment TerraPower Gates Ventures Charitable organizations Bill & Melinda...