Cascade Investments LLC
Encyclopedia
Cascade Investment, L.L.C. is an American investment company
headquartered in Kirkland
, Washington, United States. It is controlled by Bill Gates
.
It has been claimed that more than half of Gates' fortune is held in assets outside his holding of Microsoft
shares, probably through Cascade Investment only. Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by longtime friend Andy Evans.
The company describes itself as a diversified investment company. Its investments include:
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....
headquartered in Kirkland
Kirkland, Washington
Kirkland is a city in King County, Washington, United States. It is a suburb of Seattle on the Eastside . The population was 48,787 at the 2010 census makes it the 9th largest city in King County and the 20th largest city in the state...
, Washington, United States. It is controlled by Bill Gates
Bill Gates
William Henry "Bill" Gates III is an American business magnate, investor, philanthropist, and author. Gates is the former CEO and current chairman of Microsoft, the software company he founded with Paul Allen...
.
It has been claimed that more than half of Gates' fortune is held in assets outside his holding of Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
shares, probably through Cascade Investment only. Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by longtime friend Andy Evans.
List of investments and companies
Investment does not necessarily indicate ownership.The company describes itself as a diversified investment company. Its investments include:
- AutoNationAutoNationAutoNation, the largest auto retailer in the USA, was founded in 1996 by entrepreneur H. Wayne Huizenga, also founder of Blockbuster and Waste Management. The company is headquartered in Fort Lauderdale, Florida. The current Chairman and CEO is Mike Jackson, former CEO of Mercedes Benz North America...
- Berkshire HathawayBerkshire HathawayBerkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
- Canadian National RailwayCanadian National RailwayThe Canadian National Railway Company is a Canadian Class I railway headquartered in Montreal, Quebec. CN's slogan is "North America's Railroad"....
10.04% - CarpetrightCarpetrightCarpetright plc is one of the largest British retailers of floor coverings. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
- John DeereJohn DeereJohn Deere was an American blacksmith and manufacturer who founded Deere & Company, one of the largest and leading agricultural and construction equipment manufacturers in the world...
New purchase - about 6 percent as of 8/24/2011 Now largest shareholder - Dante O Giovanni Corporation
- Coca Cola Femsa SAB de CV - 20% stake
- Cox CommunicationsCox CommunicationsCox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television, telecommunications and wireless services in the United States...
- Microsoft CorporationMicrosoftMicrosoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
- FEMSAFEMSAFEMSA is the largest beverage company in Mexico and in Latin America and as of September 2011 also the largest independent Coca-Cola bottler in the world. FEMSA originated as the Cuauhtémoc Brewery in 1890, which, through debt management, was restructured as FEMSA in 1988...
(Mexican brewer) - $364 million (Dec. 2007) - 1.2 percent of FEMSA capital through "B" shares. Cascade might thus own 10.81 million of Femsa's New York-traded American Depositary Shares, about 3 percent of Femsa, the world's second largest Coke bottler and Mexico's second-largest brewer. - Four Seasons Hotels and ResortsFour Seasons Hotels and ResortsFour Seasons Hotels, Inc. is a Canadian-based international ultra-luxury, five-star hotel management company. Travel + Leisure magazine and Zagat Survey rank the hotel chain's 84 properties among the top luxury hotels worldwide...
- 42.5 percent - ICOSICOSIcos Corporation was the largest biotechnology company in the U.S. state of Washington before it was sold to Eli Lilly and Company in 2007. Co-founded in 1989 by George B. Rathmann, a pioneer in the industry and Chief Executive Officer and co-founder of Amgen, Icos focused on the development of...
- Newport News Shipbuilding
- OANDA CorporationOanda CorporationOANDA Corporation is a financial services provider of currency conversion, online retail foreign exchange trading, online foreign currency transfers, and forex information. It is one of the non-bank Futures Commission Merchants specialized in spot forex trading...
- Otter Tail Power CompanyOtter Tail Power CompanyOtter Tail Corporation is an energy company based in Fergus Falls, Minnesota. Its main subsidiary is the Otter Tail Power Company.As of 2007, Otter Tail Power Company serves at least 423 towns at retail and delivers power to about 14 municipal utilities...
- Pan American Silver CorporationPan American Silver CorporationPan American Silver Corporation is a mining company in Canada. The company has mines and other projects in the USA, Mexico, Peru, Bolivia and Argentina....
- Republic Services, IncRepublic Services, IncRepublic Services, Inc is a waste management company. Once the third largest waste management firm in the United States, on June 23, 2008 it announced its intention to purchase its larger competitor Allied Waste Industries for $6.1 billion USD in Republic Services stock...
- U.S. waste management - 20% estimated - Sapphire EnergySapphire EnergySapphire Energy is a San Diego-based energy company that produces oil made from algae.- History :On May 29, 2008 the Los Angeles Times reported that Sapphire expects to introduce its first fuels based on green crude. Sapphire Energy announced a second round investment, including the Microsoft...
- Schnitzer Steel IndustriesSchnitzer Steel IndustriesSchnitzer Steel Industries, Inc. is an American steel manufacturing company headquartered in Portland, Oregon. Founded in 1906, the company deals mainly in recycled steel. In 2004, the company was ranked fourth in The Seattle Times Northwest 100 list of public companies. As of 2006, it was the...
- ScientScientScient was a San Francisco-based Internet consulting company, founded in 1997, that was one of the large American consulting firms during the dot-com bubble. The company was founded by Eric Greenberg, who had previously founded its competitor, Viant. Its CEO was Robert Howe, the former head of IBM...
- TelevisaTelevisaTelevisa is a Mexican multimedia conglomerate, the largest mass media company in Latin America and in the Spanish-speaking world. It is a major international entertainment business, with much of its programming airing in the United States on Univision, with which it has an exclusive contract...
- Wisconsin Central TransportationWisconsin Central TransportationWisconsin Central Ltd. is a railroad subsidiary of the Canadian National Railway. At one time, its parent Wisconsin Central Transportation Corporation owned or operated railroads in the United States, Canada , the United Kingdom , New Zealand , and Australia .- Overview...