  Bill Gates makes $4.6 billion pledge - five% of his overall fortune August 15, 2017 - 14:08 AMT PanARMENIAN.Net - Bill Gates has made his largest donation in 17 years, giving away $4.6 billion worth of shares in Microsoft Corp, CNBC reports. The billionaire philanthropist, who has long been the world's richest man, donated 64 million shares accounting for five percent of his overall fortune, according to a Securities & Exchange Commission filing released Monday, August 14 and first cited by Bloomberg. The donation reduces Gates stake in the software maker to 1.3 percent. The recipient of the gift was not disclosed in the filing dated June 6, though the majority of his prior donations have been to the Bill & Melinda Gates Foundation, the charity set up by Gates and his wife to promote global development. Gates' most recent pledge takes his overall charitable donations to approximately $50 billion, based on the foundation's most recent financial statement. In 2000, the businessman who co-founded Microsoft in 1975, gave away more than $20 billion worth of shares, according to Bloomberg calculations. Gates' estimated net worth is $89.9 billion, as of July 2017. He was briefly overtaken by Amazon founder Jeff Bezos as the world's richest man on 27 July this year.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
