Cascade Investment LLC
Bill Gates's Single Family Office · Kirkland, Washington
$170B estimated AUM · Led by Michael Larson
AUM figures are estimates compiled from public sources. How we source our data.
About Cascade Investment LLC
Cascade Investment LLC is the private holding company and family office that holds the majority of Bill Gates's fortune outside Microsoft. Headquartered in Kirkland, Washington, it is controlled by Gates as chairman and has been managed by chief investment officer Michael Larson since 1994; it is the successor to Gates's earlier investment vehicle, Dominion Income Management.
Cascade is known for concentrated, long-held anchor stakes in "essential industries" — including Ecolab, Canadian National Railway, Republic Services, Deere & Company, and one of the largest private U.S. farmland portfolios — rather than active trading. It sits inside a clearly documented multi-entity structure overseen by Cascade Asset Management Company, which manages both Gates's personal assets and the endowment supporting the Gates Foundation.
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Frequently Asked Questions
What is Cascade Investment LLC?
Cascade Investment LLC is a single family office associated with Bill Gates, based in Kirkland, Washington.
Where is Cascade Investment LLC located?
Cascade Investment LLC is based in Kirkland, Washington.
Who runs Cascade Investment LLC?
Cascade Investment LLC is run by Michael Larson, and manages the wealth of Bill Gates.
How much does Cascade Investment LLC manage?
Cascade Investment LLC is estimated to oversee approximately $170B in assets. As a private family office it files no public AUM disclosures, so figures are third-party estimates compiled from public sources.