unilad
Advert
Advert
Advert
Advert

Bill Gates Just Donated $4.6 Billion To Charity

by : Francesca Donovan on : 15 Aug 2017 14:02
Getty

Bill Gates, the beloved billionaire tycoon and all-round good egg, has just given away 5 per cent of his fortune.

Advert

If that were a donation made by us mere millennial mortals on meagre salaries, it wouldn’t stretch much past a pint. But Bill Gates’ little gift totals an eye-watering $4.6 billion.

Gates made the donation in 64 million shares of Microsoft on June 6, according to a Securities & Exchange Commission filing, as reported by Bloomberg.

Andy Mettler/World Economic Forum

The recipient of this latest pledge has not been identified, but Gates – the richest man in the world – earned the title of philanthropist for donating much of his vast personal wealth to the Bill and Melinda Gates Foundation.

Advert

This would bring the 61-year-old Microsoft co-founder’s total donations to his foundation to $18 billion.

It’s also the largest gift of Microsoft shares that Gates has made since 2000. His stake is now down to 1.3 per cent from 24 per cent in 1996.

PA

He gave away $16 billion worth of Microsoft shares in 1999 and $5.1 billion a year later, according to calculations by Bloomberg.

It marks another leap in the forward-thinking philanthropist’s pledge to donate a lion’s share of his wealth to charity.

…Still waiting for my cut.

Francesca Donovan

A former emo kid who talks too much about 8Chan meme culture, the Kardashian Klan, and how her smartphone is probably killing her. Francesca is a Cardiff University Journalism Masters grad who has done words for BBC, ELLE, The Debrief, DAZED, an art magazine you've never heard of and a feminist zine which never went to print.

Topics: News

Credits

Bloomberg
  1. Bloomberg

    Gates Makes Largest Donation Since 2000 With $4.6 Billion Pledge