Bill Gates - now making quick cash from jockstraps

16 July 2009

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.

TOPICS:   Investments


  • Dave S.
    Perhaps Melinda just loves munching carpets?
  • Tom P.
    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.
  • Nobby
    If they want to “help all people lead healthy, productive lives” why didn't they invest in a sports chain, rather than JJB.

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