Aug 15, 2017

Bill Gates reduces Microsoft stake with $4.6bn donation

Bill Gates has given away $4.6bn to charity in his largest donation since 2000. 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. The majority of all previous donations have been made to the Bill & Melinda Gates Foundation, which is primarily focused on reducing world poverty, combating infectious diseases and providing universal access to computers. In 2010, the Mr and Mrs Gates and Microsoft co-founder Warren Buffett created the Giving Pledge, and as of May 2017, 158 individuals or couples have agreed to contribute at least half of their wealth to charity. The second largest was made by Mr Buffett, who donated almost $3.2bn to the Bill & Melinda Gates Foundation last month.

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