24 Oct, 2013 @ 14:30
1 min read

Bill Gates’ Spanish investment

Business Bill Gates
Bill Gates

BILL GATES has invested €113.5 million in Spanish construction firm Fomento de Constucciones y Contratas (FCC).

He is now the second-largest shareholder in the firm, with a 6% stake.

The firm made €11.15 billion in 2012. It wasn’t imune from the impact of the financial crisis, however, and earlier in the year it was forced to restructure $2 billion of debt.

It has operations in 56 countries, and is currently building the new Riyadh metro, which will be the world´s longest metro at 176 km, and Central America´s first subway in Panama.

Microsoft founder Gates recently reclaimed his crown as the world’s richest man with an estimated net worth of $73 billion.

Claire Wilson

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  1. At 176km the “world’s longest metro’? There are several – Shanghai/Beijing/Seoul/Berlin to name a few – more than double that size. Who fact-checks this nonsense?

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