In this article, we are going to delve deeper into the topic of Cascade Investment, exploring its many facets and providing a holistic view that allows the reader to better understand its importance and relevance in different contexts. From its impact on modern society to its influence on the personal level, Cascade Investment is a topic that continues to arouse interest and generate debate. Through in-depth analysis and a wide range of examples, we will examine the various dimensions of Cascade Investment, addressing its global implications and highlighting its role in shaping our current environment. Whether you are an expert in the field or simply curious to learn more, this article promises to offer a rich and insightful perspective on Cascade Investment.
Company type | Private |
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Industry | Investments Conglomerate |
Founded | 1995 |
Founder | Bill Gates |
Headquarters | , United States |
Key people | Bill Gates (Chairman) Michael Larson (CIO) |
Total assets | US$70 billion (2021) |
Owner | Bill Gates |
Number of employees | 100 |
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Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson. More than half of Gates's fortune is held in assets outside his holding of Microsoft shares. Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates's holdings, which was managed by convicted felon Andrew Evans.
Larson reportedly directs Cascade's investments through Bill and Melinda Gates Investments, a firm that also manages the portfolios of the Bill and Melinda Gates Foundation and other connected entities. Larson accrued over the twenty years from 1995 an 11% compound annual return, and as of 2014 had 100 employees working under his direction. In 2021, Cascade drew attention due to allegations of toxic work environment caused by Larson.
With 269,000 acres of farmland (which has been historically countercyclical to the stock market) being held through a wide network of shell companies, Cascade Investment is the largest farmland owner in the United States.
Cascade has managed Gates' stake in Canadian National Railway since 2013. This constituted one of the investment firm's largest holdings. In 2022, the company sold $940 million worth of stocks, whittling Gates' stake down to 1.4 percent.
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Four Seasons Hotels and Resorts | Private | Hospitality | 71.25% |
Ecolab | NYSE: ECL | Conglomerate | 25% |
Canadian National Railway | Rail transport | 14.2% | |
FEMSA | Beverage and Retail | ||
Berkshire Hathaway | Conglomerate | 4% | |
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Republic Services | NYSE: RSG | Waste management | 34.1% |
Deere & Company | NYSE: DE | Agricultural, construction, forestry, outdoor power and turf maintenance equipment. OEM diesel and natural gas engine manufacturer. | 10.06% |
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AutoNation | NYSE: AN | Car dealership | 14% |
Microsoft | Nasdaq: MSFT | Software and Hardware conglomerate | 3.6% |
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Ritz-Carlton in San Francisco | Private | Hospitality | |
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StorageMart | Private | Self-storage | |
Signature Aviation | Private | Aviation Services |