Bill and Melinda Gates Foundation In March 2009, the Bill and Melinda Gates Foundation granted $76 million to AED to fund the Alive and Thrive Initiative. In 2009, Bill Gates, the cofounder and former CEO of Microsoft, had an estimated net worth of $56 billion. How long does it take $56 billion invested at an effective rate of 6.2% to earn $76 million?
(Sources: “The World’s Billionaires,” Forbes, March 11, 2009; and “AED Receives Gates Foundation Grant to Improve Nutrition and Reduce Deaths among Young Children in Developing Countries,” AED newsroom press release, March 5, 2009)
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