Bill Gates makes some big moves, donating $4.6 billion and joining Instagram

Bill Gates

Also, Gates' ownership of Microsoft shares have dipped below 2 percent for the first time, he now owns about 1.3 percent.

As stated in the documents of the Commission on securities and exchange, the United States, he gave 64 million shares of Microsoft Corp. for a total of $4.6 billion. In 1986, when the company went public, Gates held 45% (pdf) of its shares; in 1996, his stake had almost halved to 24%; and now, with his latest 64-million-share donation, he's down to a mere 1.3%, according to Bloomberg.

The billionaire couple is famous for the charity work they do via the Bill & Melinda Gates Foundation.

Bill Gates has donated over $4.6bn (£3.6bn) to the Bill & Melinda Gates Foundation in what could be the world's largest charity donation.

Denmark says 20 tons of insecticide-tainted eggs were imported
The products that are being withdrawn by retailers include egg salads, sandwiches, mayonnaise and egg snack pots. Fipronil is not deemed to be a risk to food safety , but is not authorised for use in food producing animals.

Mr Gates and his wife have donated $35bn since 1994. Prior to this, Mr Gates gave away $16bn in Microsoft shares in 1999 and $5.1bn in 2000. He further said that Gates has been reducing his stake in Microsoft methodically for years through share sales to fund his foundation. Ballmer has been Microsoft's largest individual shareholder since 2014 or so.

Amazon's Jeff Bezos, who briefly overtook Gates as the richest person in the world last month, has yet to sign the pledge, but is reportedly actively seeking charitable endeavours.

Gates has probably directed more than 700 million shares of Microsoft into the foundation, adjusting for stock splits. The estimated net worth of Gates as of July 2017 is $89.9 billion.

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