Bill Gates makes $4.6 billion pledge - five% of his overall fortuneAugust 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |