Published: Wed, August 16, 2017
Finance | By Kristine Clayton

Bill Gates makes largest donation since 2000 with US$4.6 billion pledge

Bill Gates makes largest donation since 2000 with US$4.6 billion pledge

Bill Gates has given £3.6bn to charity, the largest single donation he has made for nearly two decades.

Previously, Gates gave away $16 billion (Rs 1.02 lakh crore) worth of Microsoft shares in 1999 and $5.1 billion (Rs 32,708 crore) in 2000.

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

While the recipient of the gift was not specified, Mr 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. And since 1994, Bloomberg reports, the couple has gifted roughly $35 billion in stocks and cash.

It is not clear whether Gates will remain in the top spot at the rate his charity donations are going, but the latest $4.6 billion share donation represents approximately 5 percent of Gates' current $90bn fortune. Ballmer has been Microsoft's largest individual shareholder since 2014 or so.

As per a Bill & Melinda Gates Foundation's most recent financial statement, after the most recent donation, Gates' overall charitable donations now account for approximately $50 billion.

Gates, who remains on Microsoft's board, has a net worth of $89.9 billion according to Forbes.

Bezos, 53, whose fortune has surged 30 per cent since January 1, briefly leapfrogged Gates last month to become the world's richest person on an intraday basis.

Spokesmen for Microsoft and Mr Gates did not immediately respond to requests for comment.

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

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