Bill Gates makes largest donation since 2000 with US$5b gift

Bill Gates has probably directed more than 700 million shares of Microsoft into the foundation adjusting for stock splits

Despite the share sale, Mr Gates, 61, remains the richest person in the world, with a fortune estimated at $86.2 billion.

The Bill & Melinda Gates Foundation has focused on global health and development, as well as educational programs in the US. The shares were valued at $4.6 billion at that time, reports Bloomberg. In 1996, Gates had a 24% stake in Microsoft, but following his donation in June, that has fallen to just 1.3%.

World's richest man Bill Gates has reportedly made his largest donation since 2000. They donated $16bn worth of Microsoft shares in 1999 and followed it up with another $5.1bn a year later.

Bill Gates has given away $4.6bn (£3.6bn) to charity, and what is the Microsoft co-founder's largest donation since 2000.

It wasn't immediately clear who the recipient of this gift was, but 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. Gates now holds less than 2 per cent of Microsoft's shares. He further said that Gates has been reducing his stake in Microsoft methodically for years through share sales to fund his foundation.

According to the filings, Gates still holds almost 103 million Microsoft shares, valued at US$7.54 billion.

Gates' most recent pledge takes his overall charitable donations to approximately $50 billion, based on the foundation's most recent financial statement. "The billionaire briefly surpassed Gates last month to become the world's richest person, before falling back behind Gates after Amazon's share price dropped".

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