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Bill Gates gives $4.6 billion, his largest donation since 2000 to Charity

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Bill Gates gives $4.6 billion, his largest donation since 2000 to CharityBill Gates has made what has been tagged his largest donation since the turn of the century with the giving 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.

He created the Giving Pledge in 2010 with billionaire investor Warren Buffett, and both have been joined by 168 others who’ve promised to give the majority of their wealth to charity.

In spite of the donation, Bloomberg says Gates remains the richest person on earth with a fortune the Bloomberg Billionaires Index values at $86.1 billion.

Amazon CEO Jeff Bezos whose fortune has risen 30 percent since January 1, briefly overtook Gates to become the world’s richest person last month.

6 Comments

  1. Anthonia Oguah

    August 15, 2017 at 1:57 pm

    Amazing grace upon you dear Bill Gates, thank you for all you do to heal the confused and troubled world, Amen

  2. NG

    August 15, 2017 at 2:48 pm

    It is a true saying right, Bill, you don’t become poor by giving. Great!

  3. TheAreaDoctor Blog

    August 15, 2017 at 2:59 pm

    Chai, I should have been this man’s child o. Bill has been doing great with giving to charity. Indeed givers never lack

    • Puzzles

      August 15, 2017 at 5:55 pm

      Believe me, if you were his child, you would not be looking at his wealth AT ALL. You would be creating your own.

      That’s why the whites (and the chinese) are different from Nigerians. Some children and relatives of wealthy people would be eyeing the wealth like say na their own. That’s why you hear horrible stories involving property issues when the wealthy person dies.

    • kingdom

      August 15, 2017 at 7:57 pm

      @Puzzles – shut the fuck up! As the jews say, if u r so clever then show us ur money ??!

  4. nnam

    August 15, 2017 at 6:01 pm

    that is good, how i wish our dear selfish politician will learn from him

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