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Bill Gates Donates $4.6 Billion of Microsoft Stock to Charity

Image: Bill Gates Donates $4.6 Billion of Microsoft Stock to Charity
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By    |   Wednesday, 16 August 2017 11:53 AM

Microsoft co-founder Bill Gates, considered the wealthiest person in the world, has donated $4.6 billion to charity, according to a U.S. Securities & Exchange Commission filing.

The extraordinary sum, in the form of 64 million shares of Microsoft stock, is expected to go to the Bill & Melinda Gates Foundation, which was set up in 2000 to promote global healthcare and reduce extreme poverty.

As of last month, Gates, 61, was worth $89.9 billion, which means the donated shares amount to about five percent of his fortune.

According to The Guardian, Bill and Melinda Gates have donated $35 billion to charity since 1994. They donated $16 billion worth of Microsoft shares in 1999 and a year later gave another $5.1 billion a year later.

"The path out of poverty begins when the next generation can access quality healthcare and a great education," the Gates Foundation says in its mission statement.

"In developing countries, we focus on improving people’s health and wellbeing, helping individuals lift themselves out of hunger and extreme poverty. In the United States, we seek to ensure that all people — especially those with the fewest resources — can access the opportunities they need to succeed in school and life."

Microsoft Corporation, based in Redmond, Washington, was founded in 1975 and develops, manufactures and licenses personal computers and computer software such as Microsoft Windows.

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Microsoft co-founder Bill Gates, considered the wealthiest person in the world, has donated $4.6 billion to charity, according to a U.S. Securities & Exchange Commission filing.
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Wednesday, 16 August 2017 11:53 AM
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