The democratisation of IT: Amazon and Microsoft own half the cloud infrastructure market Almost half of all the money spent on public cloud infrastructure is now divvied up between Amazon and Microsoft, according to stats from Synergy Research. In calendar Q2, the market for cloud infrastructure – including IaaS, PaaS and hosted private cloud – shot up 39 per cent over the same quarter in 2018, reaching almost $ …
The vile old villain's personal wealth never diminishes no matter how much money he donates to his own Trust.
I noticed years ago his wealth was say, $57 billion one year; load of stuff about his undoubted giving; next year $59 billion.
He has a house worth $127 million, so even if he renounced every cent in his accounts apart from upkeep he would still be comfortable. As it is, net worth:
2017 - 87 billion
2018 - 90 billion
2019 - 91 billion
.
He has not donated the majority of his personal wealth; no doubt as he can't take it with him he will leave that wealth to worthy causes; but that's rather like the little monster George Washington, who certainly freed his slaves; but only on his death when he could no longer suck their service from them.
~ figures from Forbes, via https://www.thestreet.com/personal-finance/bill-gates-net-worth-14564023
There is a very simple explanation to all this: Microsoft is hugely profitable company.
Microsoft stock price was about $70 in 2017 and now it's double that - about $140. Even if he had donated half of his MS stocks 2 years ago, he'd be as wealthy now.
BG owns (reportedly) 330M shares. That's $46B. Not doubt the geezer has other stock and properties in addition to just MSFT stock if his net value is double that.
How would you donate those Billions (in reasonable time) for a better lifestyle in 3rd world countries or something similar?
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
