Tuesday, June 18, 2024

Bill Gates Hands Over $4.6 billion To Charity…His Largest Donation Since 2000

Tagged his largest donation since the turn of the century, Bill Gates has given 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.Photo Credit: Getty

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