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Bill Gates buys into security firm G4S

June 10, 2013 at 08:42 am EDT

MarketScreener.com By The editorial team

LONDON (Reuters) - Microsoft co-founder Bill Gates has increased his stake in G4S, the world's biggest security firm, which is looking to bounce back from a blunder over its staffing of the London 2012 Olympics.

The Bill & Melinda Gates Foundation Trust and Cascade Investment, an asset management firm owned by Bill Gates - one of the world's richest people - increased their combined holding in G4S to 3.2 percent last week by acquiring around 6 million more shares, G4S said on Monday.

G4S, which runs services such as cash transportation and prison management in over 125 countries, suffered a blow to its reputation when it failed to provide a promised 10,400 guards for the London Games. Following a profit warning in May, its chief executive stepped down last month.

Gates's investments range from stakes in the Canadian National Railway Co. to global drinks group Diageo and British carpet firm Carpetright.

The Bill and Melinda Gates Foundation, founded by Gates and his wife in 2000, works to eradicate the world's most deadly diseases and poverty.

Shares in G4S, which have fallen 18 percent in three months, were down 1.2 percent at 241.55 pence by 12:21 p.m. British Time on Monday.

(Reporting by Neil Maidment; editing by Tom Pfeiffer)

Stocks treated in this article : Microsoft Corporation, Canadian National Railway Company, Diageo plc, Carpetright plc, G4S plc

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
MICROSOFT CORPORATION	401 USD	-0.82%	-4.74%	3,004B
CANADIAN NATIONAL RAILWAY COMPANY	175.9 CAD	+0.43%	-0.60%	81.34B
DIAGEO PLC	2,836 GBX	+0.46%	+1.44%	78.17B
CARPETRIGHT PLC	- GBX	-.--%	+5.88%	19.7M
G4S PLC	244.8 GBX	-0.20%	-0.08%	5.4B

Bill Gates

William Henry "Bill" Gates III (born 28 October 1955) is an American business magnate, philanthropist, investor, computer programmer, and inventor. Gates is the former chief executive and chairman of Microsoft, the world’s largest personal-computer software company, which he co-founded with Paul Allen.

He is consistently ranked in the Forbes list of the world's wealthiest people and was the wealthiest overall from 1995 to 2014—excluding a few brief periods post-2008. Between 2009 and 2014 his wealth more than doubled from $40 billion to more than $82 billion. Between 2013 and 2014 his wealth increased by $15 billion, or around $1.5 billion more than the entire GDP of Iceland in 2014.

During his career at Microsoft, Gates held the positions of CEO and chief software architect, he was also the largest individual shareholder up until May 2014. Refn | group = "lower-alpha" | Gates regularly documents his share ownership through public U.S. Securities and Exchange Commission form 4 filings. His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way. Gates's maternal grandfather was JW Maxwell, a national bank president. Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had the "II" suffix.Sfn |Manes | 1994 |p= 15 Early on in his life, Gates's parents had a law career in mind for him.Sfn |Manes|1994|p = 47 When Gates was young, his family regularly attended a Congregational church. The family encouraged competition; one visitor reported that "it didn't matter whether it was hearts or pickleball or swimming to the dock ... there was always a reward for winning and there was always a penalty for losing".

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Cascade Investment LLC Cascade Investment LLC Financial ConglomeratesFinance Cascade Investment LLC is the private investment holding company of the Microsoft founder Bill Gates. Founded in 1995, the firm manages the personal assets of Bill Gates and his wife Melinda Gates, as well as the assets of his philanthropic foundations. Cascade Investment is headquartered in Kirkland, Washington.	Chief Executive Officer
Bill & Melinda Gates Foundation Trust Bill & Melinda Gates Foundation Trust Financial ConglomeratesFinance The Bill & Melinda Gates Foundation was formed in 1997 as the William H. Gates Foundation. In 1999, the foundation was renamed the Bill & Melinda Gates Foundation. The Bill & Melinda Gates Foundation Trust was created in January 2000 through the merger of the Gates Learning Foundation, which worked to expand access to technology through public libraries and the William H. Gates Foundation, which focused on improving global health. The foundation participates in preventive approaches and collaborative endeavors with government, philanthropic and not-for-profit partners. Priority is given to grants that leverage additional support and serve as a catalyst for long-term, systemic change. The foundation also provides funds to promote greater equity in global health, education and public libraries. Through their partnerships in communities across the US, the Bill & Melinda Gates Foundation is committed to raising the high school graduation rate and helping all students, regardless of race or family income. The foundation is headquartered in Seattle, Washington.	Chairman

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