Bill Gates Buys 6% of Spanish Construction Company

Co-founder of one of the largest software companies in the world and savy investor, Bill Gates, is now the proud owner of 6% of FCC. Gates paid over 110 million Euro for his stake in the construction company.

This makes him the second largest shareholder in the company.

Esther Koplowitz, a wealthy business woman and generous philanthropist, is the largest shareholder of the company.

Shortly after FCC announced Gates’ investment, many viewed this as a sign that the industry is well on its way to recovery and as a result the price of each share increased dramatically.

Shares rose 10% on Tuesday, rising almost 2 euros, to reach 17.25.

The company suffered heavy losses, like many other construction companies, during the recession.

However it has recently began a steady recovery and is slowly eradicating its debt by selling off different assets.

FCC has now placed large importance on business outside of Spain. This tactic seems to be working in their favour as recently the construction company landed a huge deal with the Saudis to build part of the upcoming Riyadh metro line.

Other Investments

Gates is no stranger to investment, he also has a large share in a number of other companies.

Not surprisingly, the tech genius is the largest shareholder of common stock of his very own software company, Microsoft. Gates holds approximately 6.4% of all stock of the company.

Another notable, and possibly the most rewarding, is his stake in Berkshire Hathaway at which he is also a member of the board.

The two tycoons, Bill Gates and Warren Buffet, are known to be close friends and have both made the Giving Pledge vowing to give away the majority of their fortune to philanthropic causes.

His other large investments include heavy machinery manufacturer, Caterpillar and, more recently, waste management company Republic Services Incorporated.

Gates is known to be one of the wealthiest men in the world, and according to the Bloomberg Billionaire List, this year he was recognized as the second wealthiest individual in the world.

His net worth is estimated at $72 billion.

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