Michael Larson is an American money manager and he is the chief investment officer for The Gates Foundation and Bill Gates’s fortune through Cascade Investment. He has been subjected to several allegations while working for multi-billionaire Bill Gates. At least four employees at the firm Cascade Investment complained to Mr. Gates about Michael Larson, his longtime money manager. For over 27 years, Bill Gates has entrusted the management of his enormous wealth and the endowment of his giant foundation to Michael Larson. It is said to be that, Larson has invested the multi-billionaire Bill Gates money in farmland, stocks, hotels, bonds, even a bowling alley.
It is also said that he openly judged female employees on their attractiveness, on several occasions made sexually inappropriate comments, showed colleagues nude photos of women on the internet, and made a racist remark to a Black employee. The former employee of Cascade Investment has complained to Bill Gates’s wife Melinda French Gates as well. Larson has denied the allegation made against him and the former employees said, Mr. Gates’s unflinching support allowed him to maintain a culture of fear inside the company. After the allegations, many people are curious to known Michael Larson Net Worth.
What is Michael Larson Net Worth?
Michael Larson is an American money manager and he is the chief investment officer for The Gates Foundation and Bill Gates’s fortune through Cascade Investment. He was born in October 1959 in Sacramento, California, and raised in Albuquerque, New Mexico, he is 61 years old. He graduated with a bachelor’s degree in economics from the University of Washington and Claremont McKenna College. Later, earned his MBA from the University of Chicago.
After graduating with MBA, he worked at ARCO doing mergers and acquisitions. Later, he worked for Putnam Investments in Boston, where he was managing bond funds after serving for 2 years in the company he quit and started his own fund. Later, he planned to buy a Chicago-based money management firm. However, the head hunter offered him to work for Bill Gates, when he started working he was the only employee of BGI (Bill Gates Investments). Later, in 1996 he hired Alan Heuberger, a fellow graduate of Claremont McKenna College. Larson originally managed $11.5 billion of the Gates fortune and foundation, currently, he manages over $80 billion years to date.
He attended Allen & Company Sun Valley Conference and at Western Asset he is the Chairman of the Board of Directors and also the member of the Board of Directors at Pan American Silver, Ecolab, Teledesic, Hamilton Lane, Republic Services, FoodTrader.com, and AutoNation. Also, at the University of Washington, he has served as the Chair of the Investment Committee. Larson also served on the Board of Trustees at Lakeside School, Claremont McKenna College, and United Negro College Fund.
The estimated Net Worth of Michael Larson is around $5.5 Million USD.
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