Bill Gates – now making quick cash from jockstraps

By Andy Dawson

Bill Gates, yesterday

Dig, if you will, a picture. You’re Bill Gates, founder of Microsoft and one of the few men in the world who can safely say they’ve got more dollars than blood cells. With your Bill & Melinda Gates Foundation set up and carrying out good works across the globe, the world is your oyster. So what do you do next? You buy a 3.14 per cent stake in beleaguered tracksuit merchants JJB Sports, that’s what.

Oh yes, this is not some kind of elaborate prank – it is the truth. Next time you buy a Frisbee or a pair of trainer socks from JJB, Bill Gates will be trousering some of the proceeds.

The purchase was made through the Bill & Melinda Gates Foundation and as their purpose is to “help all people lead healthy, productive lives” we can sort of join the dots. Exercise = health, therefore being a part of an organisation that, among other things, is responsible for flogging off last season’s Chelsea away strip, is a positive move.

But… Bill Gates also owns a small stake in Carpetright. Explain THAT if you can.

Tags: bill gates, carpetright, investments, jjb sports
Posted in News, Odd stuff, money July 16th, 2009 | 3 Comments

This entry was posted on Thursday, July 16th, 2009 at 11:34 am and is filed under News, Odd stuff, money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Bill Gates – now making quick cash from jockstraps”

Posted by Dave Smith | July 16th, 2009 at 11:37 am

Perhaps Melinda just loves munching carpets?
Posted by Tom Pickering | July 16th, 2009 at 1:56 pm

Good time to buy JJB, they were trading at £1.36 nine months ago and are 28p today. They did go down to 3p last December.
Posted by Nobby | July 16th, 2009 at 4:01 pm

If they want to “help all people lead healthy, productive lives” why didn’t they invest in a sports chain, rather than JJB.