Bill Gates has indeed retreated from operations at Microsoft since 2008 to concentrate on charity work through the Bill and Melinda Gates Foundation, founded with his wife. In the past 12 months, he has sold 90 million shares of its shares in the company of such software for charitable purposes. However, Gates still has about 500 million shares shares in Microsoft.
Bill Gates has sold 90 million shares for charitable purposes
Microsoft founder who has become one of the world's richest men, Bill Gates, selling five million shares of its stock at Microsoft on July 27, 2011 last. Gates sold the shares at a price of 27.59 each U.S. dollar per share.
Proceeds from sale of shares has been used Gates for his charitable activities. This week, Melinda Gates and will allocate 42 million U.S. dollars to build the toilets flush in eight colleges and in some places in the world to improve public health.
Gates also supports research to improve education. "Every student needs higher education to get jobs," said Gates in a speech in the United States, last week. He refers to education as the answer to getting a job in the U.S. and to reduce poverty.
Gates and his old friend, Warren Buffett, has pledged to give most of their wealth to charity before their deaths. They also have persuaded a number of other billionaires, including the founder of Facebook, Mark Zuckerberg, to follow this charity.
Forbes magazine estimated Gates' fortune at $ 56 billion U.S. dollars. Gates now is not the first person in the world's richest man, still under the wealth Carlos Slim, the telecommunications entrepreneur.
