Bill Gates Unloads 5M Microsoft Shares to Boost Foundation’s Work

Bill Gates has parted with 5 million more Microsoft shares to fund the work of his foundation. He has sold 90 million shares over the past year.

A regulatory filing indicates that Gates sold the shares at an average of $27.59 each on Wednesday, July 27, the Guardian reports.

Despite the sale, Gates continues to have a sizable shareholding (500 million shares) at Microsoft, where he is the nonexecutive chairman.

His charity, the Bill & Melinda Gates Foundation, is the world’s largest grant-maker, funding challenges to find innovative solutions to global health and development challenges.

Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.

About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.