Gates reduces Microsoft stake to just 3%

“Bill Gates gave $1.5 billion of Microsoft Corp. stock in November to the Gates Foundation Asset Trust, the entity that manages the foundation’s endowment, according to Amy Enright, a spokeswoman for the foundation,” Caleb Melby reports for Bloomberg.

“The transfer decreased his stake in the company he co-founded to 3 percent,” Melby reports.

MacDailyNews Take: Confidence – or, more accurately, lack thereof.

Melby reports, “Gates has a net worth of $82.9 billion, according to the Bloomberg Billionaires Index.”

Bill Gates
Bill Gates

MacDailyNews Take: Crime pays.

Full article here.

MacDailyNews Take: Getting out while the gettin’s halfway decent and still working on buying that stairway to heaven.

[Thanks to MacDailyNews Reader “Bo” for the heads up.]

Related articles:
Bill Gates unloads another 20 million Microsoft shares for $882 million – August 5, 2014
Bill Gates dumps Microsoft stock; Steve Ballmer now owns more MSFT shares than Gates – May 3, 2014
Microsoft CEO Nadella should be questioning Bill Gates’ credentials as ‘technology advisor’ – February 6, 2014
Forbidden fruit: Bill Gates’ kids banned from owning superior Apple products – December 31, 2012


        1. Truth: when you’re the richest man in the world, if you don’t set up some extreme giveback organization to the world’s worst problems you have a huge target in your back as the world’s biggest _______.

  1. The Gates Foundation sounds like (and overall is) a good thing. However, Bill has worked hard to achieve a near monopoly in gathering the donations of the very rich. This has resulted in reduced donations to other not-for-profits. As a consequence, just like with Windows, a monoculture is developing in which the Gates Foundation has an over-sized voice. Other equally (often more) deserving initiatives are now struggling for funding. Once a monopolist always a monopolist…

    1. From what I have seen, the Gates Foundation is only giving away the interest and dividends on their mighty cash horde. The principle is untouched.

      Gates also has a history of giving away PCs so that Microsoft still gets paid for the Windows licenses on them and Apple gets locked out. His giving serves his own financial interests.

  2. I only hope when Bill’s time comes and he drops in at the Pearly Gates only to fall through a trap door deservingly to the “other hotter place” he ends up with an eternity of vicious wedgies for the numbnuts nerd he was.

    I don’t know of a more “respected” figure in tech I disrespect more than Gates besides the obvious not-CEO-material blatant buffoons who went after him, good for laughs and not much else.

  3. “Gates has a net worth of $82.9 billion”

    How interesting! All we’ve been hearing about for the last 10 years is his big-time philanthropy yet his net worth in that time has *increased* by at least 20%…

    1. He’s given away at least $28B, and plans to give away a lot more. If he keeps making money that’s a good thing.

      I’m no fan of Microsoft nor Gates’ activities when he was there, but all the posts here dismissing the charity and humanitarian efforts are cynical at best.

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