Misplaced Pages

This article is part of a series about Bill Gates
Awards and honors Philanthropy Political positions Public image Residence Companies Traf-O-Data Microsoft (criticism) BENlabs Cascade Investment TerraPower Gates Ventures Charitable organizations Bill & Melinda Gates Foundation Match for Africa The Giving Pledge OER Project Breakthrough Energy Mission Innovation Writings "An Open Letter to Hobbyists" The Road Ahead Business @ the Speed of Thought How to Avoid a Climate Disaster How to Prevent the Next Pandemic Related Bill Gates' flower fly Codex Leicester Lost on the Grand Banks History of Microsoft Timeline of Microsoft Paul Allen
v t e

Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson. More than half of Gates's fortune is held in assets outside his holding of Microsoft shares. 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.

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. Larson accrued over the twenty years from 1995 an 11% compound annual return, and as of 2014 had 100 employees working under his direction. In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson.

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.

Cascade has managed Gates' stake in Canadian National Railway since 2013. This constituted one of the investment firm's largest holdings. In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent.

Notable investments

References

1. ^ Bort, Julie (September 20, 2014). "Meet Bill Gates' Investment Manager". Slate. Retrieved April 3, 2021.
2. "Cascade Investment (Bill and Melinda Gates Investments (BMGI)) - Family Office, United States - SWFI".
3. ^ Das, Anupreeta; Karmin, Craig (September 19, 2014). "This Man's Job: Make Bill Gates Richer". The Wall Street Journal. Retrieved April 3, 2021.
4. Miller, Matthew (March 5, 2008). "Gates No Longer World's Richest Man". Forbes. Retrieved April 3, 2021.
5. Torres, Craig (March 7, 1993). "Convicted Felons Handle Gates Fortune". The Seattle Times. Retrieved April 3, 2021.
6. ^ Warwick-Ching, Lucy (October 21, 2015). "Cascade Investment, Bill Gates' wealth manager". Financial Times. Retrieved April 3, 2021.
7. 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.
8. Glaser, April (9 June 2021). "Bill Gates uses farmland as an investment outlet buying up potato, carrot and onion farms". NBC News.
9. ^ Dolan, Kerry A. "Bill Gates Transferred Billions Of Dollars' Worth Of These Two Stocks To The Gates Foundation". Forbes. Retrieved 2022-12-28.
10. "Bill Gates Sells $940 Million of CN Rail Stock, Trimming Stake to 9%". Bloomberg.com. 2022-05-13. Retrieved 2022-12-28.
11. "Four Seasons Hotels agrees to bid from Gates and Alwaleed". The New York Times. February 12, 2007. Retrieved April 3, 2021.
12. Stych, Ed (May 7, 2012). "Bill Gates' stake in Ecolab could get bigger". American City Business Journals. Retrieved April 3, 2021.
13. "Canadian National Railway Company | SC 13G". U.S. Securities and Exchange Commission. December 31, 2019. Retrieved April 3, 2021.
14. Gallun, Alby (August 10, 2015). "Could Bill Gates be the next owner of Strategic Hotels?". Crain's Chicago Business. Retrieved April 3, 2021.
15. "Republic Services, Inc. | DEF 14A". U.S. Securities and Exchange Commission. March 24, 2020. Retrieved April 3, 2021.
16. "Deere & Company | DEF 14A". U.S. Securities and Exchange Commission. January 8, 2021. Retrieved April 3, 2021.
17. "See how @DiageoGB scores on #water stewardship in face of #climatechange in new @Ceresnews analysis". Feeding Ourselves Thirsty. Retrieved 2021-04-13.
18. Bort, Julie (Mar 20, 2019). "Bill Gates is $9.5 billion richer than he was a year ago, worth over $100 billion, but not just from Microsoft". Business Insider. Retrieved April 3, 2021.
19. "Cascade Investment – Portfolio Holdings". Fintel.io. Retrieved April 3, 2021.
20. Gunther, Marc (October 3, 2013). "The Bill Gates-backed company that's reinventing meat". Fortune. Retrieved April 3, 2021.
21. Zumbach, Lauren (June 4, 2018). "Sears gets more time to repay lenders, including funds tied to CEO Edward Lampert and Bill Gates". Chicago Tribune. Retrieved April 3, 2021.
22. "Vroom, Inc. | S-1". U.S. Securities and Exchange Commission. May 18, 2020. Retrieved April 3, 2021.
23. Herald, C. R. E. (October 14, 2020). "Bill Gates' Cascade Investment, GIC buy stakes in StorageMart". CRE Herald. Retrieved April 3, 2021.
24. Calatayud, Adria. "GIP teams up with Blackstone and Cascade to buy Signature Aviation". www.penews.com. Retrieved 2022-04-19.

External links

• Business data for Cascade Investment, LLC:
  • SEC filings

v t e Bill Gates
Career	Microsoft history Paul Allen Bill & Melinda Gates Foundation (CEPI) Corbis (BEN) Cascade Investment United States v. Microsoft antitrust case TerraPower Gates Ventures Big History Project Breakthrough Energy
Writings	"Open Letter to Hobbyists" (1976) The Road Ahead (1995) Business @ the Speed of Thought (1999) How to Avoid a Climate Disaster (2021) How to Prevent the Next Pandemic (2022) Source Code (2025)
Philanthropy	Bill & Melinda Gates Foundation Match for Africa climate change donations and sporting events
Films	Triumph of the Nerds (1996) Pirates of Silicon Valley (1999) The Social Network (2010) Inside Bill's Brain: Decoding Bill Gates (2019)
Family	Melinda French Gates (ex-wife) Bill Gates Sr. (father) Mary Maxwell Gates (mother) Mimi Gardner Gates (stepmother)
Possessions	Codex Leicester Residence Lost on the Grand Banks Porsche 959
Category Commons

This article about a financial services corporation of the United States is a stub. You can help Misplaced Pages by expanding it.

• v
• t
• e

• Investment companies of the United States
• Bill Gates
• Conglomerate companies of the United States
• Holding companies of the United States
• Companies based in Kirkland, Washington
• American companies established in 1995
• Financial services companies established in 1995
• Holding companies established in 1995
• 1995 establishments in Washington (state)
• Privately held companies based in Washington (state)
• United States financial services company stubs