As the press release notes, no harmful emissions are created, and all outputs are captured for reuse and sale. A lot of us are working 12 to 14 hours a day on beat-up, spare trucks, said Marvin Nesseth, a Republic Services front end load driver in Milpitas for 17 years. Femsa's Oxxo convenience store chain has entered the fintech business and estimates it will reach 10 million customers by 2023. He also acquired Andrew Wyeth's "Distant Thunder" for $7 million in 1996; William Merritt Chase's "The Nursery" for $10 million in 1997; Frederick Childe Hassam's work "Room of Flowers"for $20 million in 1998; Winslow Homer's "Lost on The Grand Banks" for $36 million in 1998; and George Bellow's "Polo Crowd" for $28 million in 1999. Uptime equals profitability. Several Republic Services workers noted the equipment they use is sometimes unsafe and needed repairs or replacements are often ignored. Even back in 2009, when he began advising Republic as a young McKinsey consultant with a Harvard Law degree, Vander Ark saw the pricing power of trash. Gates stepped down as. The foundation funds programs in developing countries that improve health (including vaccinations) and work to lift people out of poverty; in the U.S., the foundation primarily funds education programs. Gates has since retired from the day-to-day functioning of Microsoft and focuses his efforts on his philanthropic causes through the Bill & Melinda Gates Foundation. Thats because with hazardous waste volumes growing faster than those of normal trash, and opening new hazardous waste facilities nearly impossible, he will have the power to raise prices and expand margins. As of Dec. 31, Gatess firm owned 14.5 million Waste Management shares, up from 13.3 million shares at the end of 2015. Microsoft boss Bill Gates mugshot from December 13, 1977. In 2018, Republic Services made a profit of $2.81bn and estimated a savings of $190m from Trumps tax cut bill passed in December 2017. In Anaheim, Albert Navarro, a heavy equipment operator at Republic Services for ten years, is only paid $16.65 an hour, despite conditions where workers are constantly exposed to radiation from hospital services. ", European Union Transparency Register. Twitter Buy me a coffee As of Nov. 1, 2022, Gates was the worlds seventh richest person. While it's certainly an achievement to own one-of-a-kind real estate and rare cars, it is another to own precious, irreplaceable collectiblesand Bill Gates certainly has accumulated quite the collection. Do You Have Any? Now his charitable organization, the Bill & Melinda Gates Foundation, is looking for future toilets that can improve the living conditions of millions of people.The flush toilet we use today was invented in 1775. Next up: a new regional polymer center to profit from food and beverage manufacturers willingness to pay more for high-quality recycled plastic than for virgin material. Gates holds equity in Branded Entertainment Network, a brand integration and advertising company. ", LinkedIn. At the time, he told reporters: "I drive myself around town in a normal Mercedes." Forbes. The cost of storing and sequestering nuclear waste underground is "not a huge problem," as it can be put into deep boreholes underground "where it stays geologically for hundreds of millions of years," he said. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. So not, it's not a gigantic thing," Gates said. ", Bill & Melinda Gates Foundation. In March 2020, Gates waived his wages and stock compensation when he ended his board service effective on March 13, 2021. Julie A. Gorlewski and Brad J. Porfilio. Caterpillar has a market cap of $98.94 billion, as of Jun. Officials announced Tuesday that the small city of Kemmerer, Wyoming would be the site of a new Bill Gates-backed nuclear power project--an initiative whose proponents say would provide climate-friendly and affordable energy but which some scientists warn is a dangerous diversion from true energy solutions. Microsoft played a pivotal role in changing the landscape of personal computing, beginning at a time when very few individuals owned a computer. Funding worthy causes are atop Bill Gates' list of achievements. ", Bill & Melinda Gates Foundation. In Milpitas, Otay, and Anaheim, California, nearly 300 workers with Teamsters Local 396, Local 542, and Local 350 voted to authorize strikes at the end of September 2019, but no strike dates have been scheduled yet. Apparently, there's a website called S pend Bill Gates' Money, and you can virtually buy anything from a cup of coffee ($4) to an F-16 jet ($15M). His investment vehicle Cascade Investment LLC bought 1.22 million more shares of the trash and . Nuclear power is classified as a "zero-emission clean energy source" by the U.S. Department of Energy, because generating electricity with nuclear fission does not release any greenhouse gas emissions. Waste Management is the second-largest holding with over 18.6 million shares valued at $3.1 billion. ", Fintel. "For 13F Information Table.". Our data is updated daily and the academic grades (A F) for each financial metric are scored and ranked on a regional/sector relative basis. Trash is worth so much more than we ever thought, he exults. Meanwhile, a mining company pays Republic a royalty on the 150 trucks per day of pulverized mountain stone that it hauls out of the site to make room for more loads of garbage coming in. Schrdinger has a market cap of $2.2 billion. What do you do with your money when you're one of the richest people on the planet? Although Cascade is not a public company, some of its investment activity must be disclosed to the Securities and Exchange Commission (SEC). To order a copy for 17.40, visit . After decades of nuclear power generation, there is still no permanent repository for nuclear waste in the United States. Bill Gatesis the fourth-richest man in the worldafter Tesla's Elon Musk (in first place), Amazon's Jeff Bezos (in second place), and Bernard Arnault (in third place) who oversees 70 brands. ", Four Seasons. ", Yahoo Finance. Sierra Energys FastOx looks like a promising way to accomplish the landfill part of that equation, and now theyve got investment heavyweights backing them up. We all know trash pollution is a problem when its outside a landfill (see: The Great Pacific Garbage Patch). These include white papers, government data, original reporting, and interviews with industry experts. The largest holding in the Foundations portfolio is Berkshire Hathaway, Inc. (BRK.B). After a pandemic down year in 2020, volumes recovered in 2021, helping it notch. Berkshire Hathaway is a holding company for a multitude of businesses run by chair and CEO Warren Buffett. Despite such investments, Republic pays steady dividends; its largest shareholder, Cascade Investments (Microsoft cofounder Bill Gates personal holding company), receives more than $200 million a year in dividends from its 34% stake. John Dobosz is editor of the Forbes Dividend Investor and Forbes Premium Income Report investment newsletters. more than 4.5 billion people do not have access to toilets where waste is treated and disposed of safely . "The amount of waste involved, the ability to do geological sequestration that's not a reason not to do nuclear.". Republic Services is one of two garbage collection and recycling firms that Gates has invested in; the other is Waste Management. These causes have included producing a malaria vaccine, gun control reform, and education reform. One common criticism of nuclear power is that nuclear reactors generate waste that stays radioactive for thousands of years. He left that company in 1984 and repeated his roll-up play with Blockbuster Video and AutoNation. Vander Ark argued that Republic should dramatically increase its fees. Maybe travel the world? In addition, through his membership inNetJets, Gates has owned a fractional share of a least one NetJets plane. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Gates also owns a large amount of Microsoft (MSFT) shares, the software company that he co-founded and ran for many years. It further develops and operates waste to energy and landfill gas to energy facilities in the United States. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. ", Yahoo Finance. This copy is for your personal, non-commercial use only. Introducing the web-app that lets you calculateall the different sorts of items you can buy and sell using Microsofts co-founders cash. Bill Gates' nuclear innovation company, TerraPower, announced Monday it has secured at least $750 million in new funding. The funding was co-led by Gates and SK. Sell Buy Movie Ticket. Read:Tom Nook is richer than Jeff Bezos but does this raccoon deserve all that wealth? The divorce, on paper, sounds common enough: the years go by, the kids grow up, the couple drifts apart. The heap is already 500 feet deep at spots, but theres enough room left to keep burying Sin Citys garbage for centuries. His most recent purchase is the fully electric Porsche Taycan, an acquisition that set off a Twitter spat with Tesla CEO Elon Musk. Sierra Energys FastOx looks like a promising way to accomplish the landfill part of that equation, and now theyve got investment heavyweights backing them up. $12. "Bill Gates: Focusing My Time. 1 He earned the bulk of his fortune as CEO, chair, and chief software architect of Microsoft ( MSFT ). buying or selling stocks based on daily market movements) won't make . His investment vehicle Cascade Investment LLC bought 1.22 million more shares of the trash and recycling firm in 2018. AGE: 66 | SOURCE OF WEALTH: MICROSOFT, INVESTMENTS | SELF-MADE SCORE: 8/10 | RESIDENCE: MEDINA, WASHINGTON | CITIZENSHIP: UNITED STATES | MARITAL STATUS: DIVORCED | CHILDREN: 3 | EDUCATION: DROP OUT, HARVARD UNIVERSITY. We all know trash pollution is a problem when its outside a landfill (see: The Great Pacific Garbage Patch). Waste Management, Inc. ( NYSE: WM) is a holding that has been prominently featured in the Bill & Melinda Gates Foundation SEC Form 13F filings for years. This isnt even taking into consideration the investment returns that I could make back over time. Bill Gates has signaled that he may be in Waste Management (ticker: WM) stock for the long haul. Waste Management "The Billionaire Town Where Jeff Bezos & Bill Gates Live Has No Money. 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