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.
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