A Boring Dystopia

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Bill Gates Bought His Daughter A $16 Million Horse Farm As A Graduation Gift — But Ex-Wife Melinda Says The Kids Were Raised Very 'Middle Class' (finance.yahoo.com)

submitted 2 days ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

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If your dad is Bill Gates, you're probably not getting a Starbucks gift card for graduating college.

In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to Architectural Digest, the lavish estate was a graduation gift from her billionaire parents—and came complete with rolling pastures, three parcels of land, and proximity to New York City for her future studies.

But in case that sounds too much like the plot of "Succession: Equestrian Edition," Melinda Gates would like to remind everyone: their kids were absolutely raised "middle class."

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[–] Knock_Knock_Lemmy_In@lemmy.world 2 points 1 day ago (1 children)

https://www.thenation.com/article/archive/how-gates-foundations-investments-are-undermining-its-own-good-works/

Examples of irresponsible investing include some of the world's worst polluters, including ConocoPhillips, Dow Chemical and Tyco International; predatory lending companies such as Sallie Mae; fraudulent health care firms; and chocolate companies profiting from the slave labor of children.

International Assessment of Agricultural Knowledge, Science and Technology for Development (IAASTD) conclusions were diametrically opposed, at both philosophical and practical levels, to those espoused by Gates.

His personal investments benefited from foundation grants in Agbiome, Incarta therapeutics and Just Biotherapeutics

Not surprising given that Cascade Investments controls both the foundation and Bill's personal portfolio.

[–] x00z@lemmy.world 2 points 1 day ago (1 children)

Yeah i find the investment part of the foundation to be quite horrible. It heavily goes against what the foundation is giving grants to.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 1 day ago

I will also soften my position.

I'm much happier with the way Gates uses his billions than other deathly individuals.

My point is that the phrase "giving it away" is highly misleading.