How Does the Bill and Melinda Gates Foundation Invest Its Money?
Bill and Melinda Gates have announced they are ending their marriage, but will continue to work together at their foundation.
The Bill and Melinda Gates Foundation, launched in 2000, is the largest private philanthropic organization in the United States. It has spent over $50 billion on global public health over the last two decades, including $1.75 billion on COVID-19 relief.
Of course, the foundation’s assets are managed by a trust until they are ready to be distributed to grantees. Here’s a look at how the Bill and Melinda Gates Foundation Trust invests its assets.
The Portfolio Breakdown
The trust has invested 100% of its holdings in stocks. It holds almost half of its value in Berkshire Hathaway, the holding company run by Warren Buffett.
|Stock||Value||% of Portfolio|
|Canadian National Railway||$1.9B||7.2%|
|Liberty Latin America||$14M||0.1%|
However, the portfolio is more diversified than initially meets the eye—Berkshire Hathaway itself is invested in almost 50 stocks.
Shrodinger, a healthcare-focused software company that makes up 2% of the trust’s total portfolio, was one of the best performing stocks of 2020 by price returns. The portfolio has also been boosted by delivery companies UPS and FedEx, both of which saw their share prices more than double over the last year as online shopping took off.
While the trust is dominated by U.S.-domiciled companies, a few foreign names do make the list. For example, Canadian National Railway makes up over 7% of the portfolio, while the Latin American bottler Coca-Cola FEMSA makes up just over 1%.
The Future of the Foundation
The trust continues to be managed by a team of outside investment managers, whose decisions have a critical impact on the amount of money the Bill and Melinda Gates Foundation has to fund its initiatives. For example, if Berkshire Hathaway were to dip 10%, this would drop the portfolio value by more than $1 billion.
In addition, the foundation is funded in part by the Gates’ personal donations—more than $36 billion from 1994 to 2018. Should Bill and Melinda go on to create their own separate philanthropic efforts post-divorce, the foundation may have a smaller portfolio to pull from going forward.
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Visualizing the World’s Population by Age Group
33% of the world’s population is under 20, making young people the largest demographic worldwide. But this might not be the case forever.
Visualizing the World’s Population, By Age Group
An aging population can have far-reaching consequences on a country’s economy.
With this in mind, today’s graphic looks at the age composition of the global population in 2020, based on the latest figures from the United Nations.
The Global Age Composition
Our global population is getting older, largely because of increasing life expectancies and declining birth rates.
In 2020, more than 147 million people around the world were between the ages of 80-99, accounting for 1.9% of the global population.
|Age Group||Number of People (2020)||% of Global Population|
|<20 years||2.6 billion||33.2%|
|20-39 years||2.3 billion||29.9%|
|40-59 years||1.8 billion||23.1%|
|60-79 years||918 million||11.8%|
|80-99 years||147 million||1.9%|
|100+ years||0.6 million||0.01%|
While that percentage may seem small, that particular demographic accounted for merely 0.05% of the population in 1950, meaning our world has a notably higher percentage of older people than it did 70 years ago.
Why is this significant? An aging population typically means a declining workforce and an increase of people looking to cash in their pensions. This can put pressure on the working class if taxes are raised.
Of course, an aging population can have positive impacts on society as well. For instance, elderly citizens tend to volunteer more than other age groups. And research has shown that older communities have lower crime rates. By 2050, the crime rate in Australia expected to drop by 16% as the country’s population gets older.
To mitigate some of the risks associated with a rapidly aging population, certain countries are working towards more sustainable pension systems, to support aging citizens while taking the stress off the working population.
» Like this? Then you might like this article on The World’s Youngest and Oldest Countries
Euro 2020: Qualified Nations and Past Winners
After a year-long delay, the 2020 UEFA European Championship is back with new rules, reduced spectators, and fierce competition.
The 2020 European Championship Returns with New Rules
After a year-long delay, the 2020 UEFA European Championship is set to kick off what will be the largest international sports tournament to take place since the pandemic.
While the final stage of the tournament typically takes place in one or two nations, this year’s will be played across 11 different countries.
Running from June 11th to July 11th 2021, the opening game between Italy and Turkey will kick off at the Stadio Olimpico in Rome, and the final will take place at London’s Wembley Stadium.
COVID-19’s Impact on Teams and Spectators
Aside from the initial year-long delay, COVID-19 has changed how teams and spectators will participate in the tournament.
Squads have been expanded from 23 to 26 players, and coaches will be permitted to call up more players if COVID-19 infections force players into isolation.
For spectators, individual stadiums within host cities have announced varying capacities ranging from 20-100%, with strict stadium entry requirements across the board. Since these capacities are pre-tournament estimates, we’ll have to wait until matchday to see how many ticket-holders are comfortable attending the fixtures in person.
|Host Stadium and City||Spectator Capacity|
|Johann Cruijff ArenA, Amsterdam||25-45%|
|Baku Olympic Stadium, Baku||50%|
|Arena Națională, Bucharest||25-45%|
|Puskás Aréna, Budapest||Aiming for 100%|
|Parken Stadium, Copenhagen||25-45%|
|Hampden Park, Glasgow||25-45%|
|Wembley Stadium, London||Minimum of 25%|
|Football Arena Munich (Allianz Arena), Munich||Minimum of 14,500 spectators (~22%)|
|Stadio Olimpico, Rome||25-45%|
|Estadio La Cartuja, Seville||25-45%|
|Krestovsky Stadium (Gazprom Arena), Saint Petersburg||50%|
More Substitutions and the Video Assistant Referee System
This edition of the tournament will also feature two new rule changes to the action on the field.
Coaches will now be able to make up to five substitutions (six if the match goes to extra time), a change first introduced in domestic leagues to allow players more rest as match calendars became congested.
Another key change which was already in play at the 2018 FIFA World Cup is the Video Assistant Referee (VAR) system. This system appoints a match official who reviews the head referee’s decisions with video footage, and allows the head referee to conduct an on-field video review and potentially change decisions.
Strong Competition Among Euro 2020’s Favorites
Despite current world champions France remaining as undeniable favorites, bookies are putting England to win the tournament (despite a fairly young squad) partially due to the home field advantage in the semi-finals and final.
Spain, Germany, and Italy remain formidable competitors, and Belgium’s golden generation will have one final shot at silverware after their third place finish at the 2018 FIFA World Cup.
European champions Portugal are another obvious threat, as Cristiano Ronaldo will be looking to become the tournament’s top goalscorer of all time (currently tied with Michel Platini at 9 goals).
While the 2020 edition of UEFA’s European Championship features a variety of on-field and off-the-field changes, the trophy truly feels up for grabs and is a welcome return to international football for fans around the world.
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