Bill Gates' Money Manager

Learn how Bill Gates' money manager invests. Their target annual return is 5%. You aim low when your main goal is not to lose tens of billions of dollars.

Michael Larson, a former bond-fund manager with Putnam Investments, is the financial engineer and stock picker behind that historic undertaking. As head of Bill Gates Investments, the 46-year-old Larson oversees Gates' personal wealth, which is housed within Cascade outside Seattle. At the same time, BGI is also responsible for the $32 billion Bill & Melinda Gates Foundation.