Bill Gates Sells 2 Million Microsoft Shares

Before you go, we thought you'd like these...
Before you go close icon
Bill GatesBill Gates, founder of Microsoft Corp. (MSFT), sold 2 million shares in the company.

Gates sold the shares in the open market on Nov. 2 at an average price of $27.23, according to an SEC filing. The transaction left Gates with 618,973,551 shares in Microsoft.

Gates co-founded technology giant Microsoft and was at one time the world's richest person. In recent years, he has devoted himself more to philanthropy and has vowed to leave a large chunk of his wealth to the Bill & Melinda Gates Foundation. In 2009, he urged the world's ultra-rich to give their wealth to good causes rather than leave it to a few family members.

"I think all billionaires should give away the vast majority of their fortune," Gates said in June 2009, according to Agence-France Presse.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners