Bill Gates gives £3.6bn to charity

Alicia Cross
August 16, 2017

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

Prior to that, the main recipient of donations gates created the bill and Melinda gates Foundation. And Gates' stake in Microsoft has now shrunk to just 1.3 percent, compared to 24 percent in 1996.

Microsoft Corporation shares were trading at $73.27 per share on Tuesday morning, down $0.32 (-0.43%). This is the charity that has been set up by both Gates and his wife with the motto to promote global development.

Said The Verge: "While the donation is a large amount in monetary terms, Gates still holds the title of richest person in the world".

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In 1999, they donated $16bn worth of Microsoft shares in 1999 and then another $5.1bn a year later.

Gates probably has directed more than 700 million shares of Microsoft into the foundation, adjusting for stock splits, and he would be about US$50 billion richer today had he kept them. Before giving a large gift of 31 million shares in November of 2014, he was selling roughly 100 million shares per year.

So far, it is thought that Bill and Melinda Gates have donated $35 billion in total since 1994.

Amazon's Jeff Bezos, who briefly overtook Gates as the richest person in the world last month, has yet to sign the pledge, but is reportedly actively seeking charitable endeavours. Microsoft stock now accounts for just 9 per cent of his overall net worth, which stood at an estimated $85.2 billion, according to Forbes.

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