Bill Gates Just Gave Away $4.6 Billion, His Biggest Donation Since 2000

Bill Gates Just Gave Away $4.6 Billion, His Biggest Donation Since 2000

Bill Gates has given away $4.6bn (£3.6bn) to charity in his largest donation since 2000.

The Bill & Melinda Gates Foundation has focused on global health and development, as well as educational programs in the US.

The billionaire philanthropist has donated the Microsoft shares to the Bill & Melinda Gates Foundation on June 6.

Microsoft Corporation shares were trading at $73.27 per share on Tuesday morning, down $0.32 (-0.43%).

The recipient of this big gift is unspecified in the regulatory filing, but if past practice holds, it's likely the Bill & Melinda Gates Foundation, helping to fuel the philanthropy's work in US education and global health. And since 1994, Bloomberg reports, the couple has gifted roughly $35 billion in stocks and cash.

The amount represents about 5% of Mr Gates' current $90bn fortune and reduces his stake in Microsoft to just 1.3% from 24% in 1996.

Bill Gates, the richest person in the world, is giving away more of his staggering wealth. Gates now holds less than 2 per cent of Microsoft's shares.

The world's richest man gave away 64 million Microsoft shares, equivalent to five per cent of his total fortune. However, the drop once again puts Amazon boss Jeff Bezos close to the top spot after he briefly leapfrogged Gates to become the world's richest person based on intraday prices last month. 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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