Gates listed for charity $4.6 billion

Bill Gates
Bill Gates
Author

16 August, 2017

He remains the world's richest person, despite giving away 64 million shares in Microsoft.

Bill and Melinda Gates have donated a total of $35bn since 1994.

Also, Gates' ownership of Microsoft shares have dipped below 2 percent for the first time, he now owns about 1.3 percent.

As a effect, Bill Gates' share in Microsoft now stands at just around 1.3% of the company he co-founded with Paul Allen.

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Spokesmen for Microsoft and Gates didn't immediately respond to requests for comment. They donated $16 billion worth of Microsoft shares in 1999, and $5.1 billion shares in 2000. Both men had in 2010 created the Giving Pledge in an effort to encourage other billionaires to give at least half of their wealth to charity.

As per a Bill & Melinda Gates Foundation's most recent financial statement, after the most recent donation, Gates' overall charitable donations now account for approximately $50 billion. The June gift represents 38pc of his holdings in the company and is the latest in a long line of Microsoft share disposals that have whittled his stake down from 24pc in 1996 to 1.3pc today. His donation once again puts Amazon.com Inc. founder Jeff Bezos close to the top spot, with a net worth of US$84.5 billion.

Retirement isn't always an easy transition for workers, managers or even CEOs, however, it seems to be suiting former co-founder of Microsoft and world's richest man Bill Gates well.

According to the filings, Gates still holds almost 103 million Microsoft shares, valued at US$7.54 billion.


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