Bill Gates has made what has been tagged his largest
donation since the turn of the century with the giving
away of 5 per cent of Microsoft Corporation shares
worth $4.6 billion as reported in Securities & Exchange
Commission filing released on Monday.
The donation was made in June but became public on
Monday and while the recipient wasn’t specified, Gates
has made the majority of his donations to the Bill &
Melinda Gates Foundation, the charity he and his wife
use to direct their philanthropic efforts. The gift,
according to calculations by Bloomberg is the largest
Gates has made since 2000. It was recorded that the
61-year-old billionaire gave away $16 billion worth of
Microsoft shares in 1999 and $5.1 billion the year after.
According to a review of two decades worth of Gates
Foundation tax returns, annual reports and regulatory
filings, Bill and Melinda Gates have given a total of
about $35 billion of stock and cash since 1994, based
on the value of the shares at the time of gifts.
He created the Giving Pledge in 2010 with billionaire
investor Warren Buffett, and both have been joined by
168 others who’ve promised to give the majority of
their wealth to charity.
In spite of the donation, Bloomberg says Gates remains
the richest person on earth with a fortune the
Bloomberg Billionaires Index values at $86.1 billion.
Amazon CEO Jeff Bezos whose fortune has risen 30
percent since January 1, briefly overtook Gates to
become the world’s richest person last month.
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