independent

Monday 21 April 2014

Gates was a €27m bank bondholder

Bill and Melinda Gates with children in Mozambique

MICROSOFT founder Bill Gates held nearly $35m (€26.8m) of bonds in Irish banks prior to the economic bust in 2008, according to filings for his charity.

Details of assets held by the Bill & Melinda Gates Foundation show that at the end of 2007, the charity held Irish bank bonds worth more than $20m.

That included nearly $3.8m worth of bonds in Bank of Ireland (UK). The foundation also had about $8m worth of bonds related to Anglo Irish. And there was $3.6m worth of bonds held in Irish Life & Permanent and about $2.7m in bonds in Irish Nationwide. Mr Gates – the world's second richest person with a $67bn fortune – visited Taoiseach Enda Kenny in January. Microsoft is a significant employer here.

Irish Independent

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