“Bill Gates has sold another 20 million shares of the company he co-founded, driving his portfolio under the 300-million mark for the first time, according to regulatory filings,” Gregg Keizer reports for Computerworld. “Over a five-day span from July 24 to July 30, Gates sold the shares at prices ranging from $43.45 to $44.54, turning the holdings into $882 million in cash. The U.S. Securities and Exchange Commission (SEC) published the sales documents between July 28 and July 31.”
“Gates, former CEO and chairman, has been selling approximately 80 million shares annually — usually 20 million each quarter — for the last decade in a long-standing plan to fund the Bill & Melinda Gates Foundation,” Keizer reports. “At the end of his latest sales stretch, Gates owned 298 million shares worth $12.9 billion at Monday’s closing price. If Gates continues his sales pace, he will empty his portfolio [of Microsoft shares] by September 2018.”
Keizer reports, “According to Forbes, Gates is the second-richest person on the planet, with an estimated wealth of $79.5 billion.”
Read more in the full article here.
MacDailyNews Note: According to Forbes, the world’s richest is “Carlos Slim Helu & family” with $79.6 billion.
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