Tuesday, 15 August 2017

Bill Gates reduces Microsoft stake with $4.6bn donation to charity

Bill Gates has given away $4.6bn (£3.6bn) to charity in his largest donation since 2000.

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

The shares are equivalent to 5% of his total fortune, currently estimated to be $89.9bn.

Since 1994 Mr Gates, 61, and his wife Melinda have given away a total of $35bn in cash and stocks to a range of charitable causes.

The donation was made in June but became public on Monday following the filing of a document with the US Securities and Exchange Commission.
Mr Gates' share in Microsoft is now just 1.3%. Prior to this, Mr Gates gave away $16bn in Microsoft shares in 1999 and $5.1bn in 2000.

BBC     News.