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Cascade Investment

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Cascade Investment, L.L.C.
Company typePrivate
IndustryInvestments
Conglomerate
Founded1995; 29 years ago (1995)
FounderBill Gates
Headquarters
Kirkland, Washington
,
United States
Key people
Bill Gates (Chairman)
Michael Larson (CIO)
OwnerBill Gates
Number of employees
100[1]
SubsidiariesFront Range Investment Holdings LLC,
Cottonwood Ag Management LLC,
Lakeland Sands Florida, LLC

Cascade Investment, L.L.C. is an American holding and investment company headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson.[2] More than half of Gates' fortune is held in assets outside his holding of Microsoft shares.[3] Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by Andrew Evans.[4]

Notable investments

Company Ticker Sector Ownership %
Four Seasons Hotels and Resorts Private Hospitality 47%[5][6]
Ecolab NYSE: ECL Conglomerate 25%[7]
Canadian National Railway
Rail transport 14.2%[8]
FEMSA BMV: FEMSA Beverage and Retail [5]
Berkshire Hathaway
Conglomerate 4%[5]
Strategic Hotels & Resorts Private Hospitality 9.8%[5][9]
Republic Services NYSE: RSG Waste management 34.1%[10]
Deere & Company NYSE: DE Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. [5]
Bunzl LSE: BNZL Distribution and Outsourcing 6%[5]
Carpetright LSE: CPR Retail 3%[5]
Diageo
Beverages [5]
AutoNation NYSE: AN Car dealership 14%[2][11][12]
Microsoft Nasdaq: MSFT Software and Hardware conglomerate 3.6%[2]
Beyond Meat Nasdaq: BYND Food [2][13]
Ritz-Carlton in San Francisco Private Hospitality [14]
TerraPower Private Nuclear power [2]
Transformco Private Retail and real estate Debt interest[15]
Vroom Private Car dealership Page 151

See also

References

  1. ^ https://slate.com/business/2014/09/bill-gates-investment-manager-michael-larson-runs-cascade-investment-llc-gates-personal-investment-firm.html
  2. ^ a b c d e Das, Anupreeta; Karmin, Craig (2014-09-19). "This Man's Job: Make Bill Gates Richer". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-07.
  3. ^ Miller, Matthew. "Gates No Longer World's Richest Man". Forbes.com. Retrieved 2012-11-01.
  4. ^ Torres, Craig. "Convicted Felons Handle Gates Fortune". nwsource.com. Retrieved 2014-09-14.
  5. ^ a b c d e f g h "Cascade Investment, Bill Gates' wealth manager". Financial Times. 2015-10-21. Retrieved 2018-02-07.
  6. ^ "Four Seasons Hotels agrees to bid from Gates and Alwaleed – Business – International Herald Tribune". The New York Times. 2007-02-12. ISSN 0362-4331. Retrieved 2018-02-07.
  7. ^ Stych, Ed (2012-05-07). "Bill Gates' stake in Ecolab could get bigger". Minneapolis/St. Paul Business Journal. Retrieved 2018-02-07.
  8. ^ "SCHEDULE 13G". Retrieved 2020-04-21.
  9. ^ GALLUN, ALBY (August 10, 2015). "Could Bill Gates be the next owner of Strategic Hotels?". Crain Communications.
  10. ^ "DEF 14A". www.sec.gov. Retrieved 2020-04-21.
  11. ^ "Bill Gates is $9.5 billion richer than he was a year ago, worth over $100 billion, but not just from Microsoft". businessinsider.com. Retrieved March 24, 2019.
  12. ^ "Cascade Investment – Latest 13F Holdings". Fintel. Retrieved 2018-09-02.
  13. ^ "The Bill Gates-backed company that's reinventing meat". Fortune. Retrieved 2018-02-07.
  14. ^ Bort, Julie (2014-09-20). "The Man Making Bill Gates Richer". Slate. ISSN 1091-2339. Retrieved 2018-02-07.
  15. ^ 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 2020-03-02.

External links


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