Bill Gates is not taking a defensive approach with his billions of dollars of wealth.
The founder of Microsoft added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg. That brings Gates’ total wealth to $106 billion, the second largest fortune in the world — behind Amazon’s Jeff Bezos.
“We’re not, you know, in some defensive posture where we’re mostly in cash, or anything like that,” Gates told Bloomberg Television on Tuesday. “The strategy that’s been used on the investments is to be over 60% in equities.”
Having 60%, in this case $60 billion in stocks or index funds, is an aggressive investment strategy for someone of Gates’ wealth. The average family office portfolio in North America had about 32% of its assets in stocks in 2018, according to a Campden Wealth report.