The philanthropist pledged last week to give away $20 billion to the foundation this month. Gates said he will move down the list of the world's richest people but is still in fifth place. He gave away shares worth more than $6 billion this week to his charitable foundation.

The Microsoft co-founder also gave away $995 million worth of shares in Deere & Co. Gates is now worth $112 billion, according to Bloomberg, behind Elon Musk, Jeff Bezos, Bernard Arnault and India's Gautam Adani. He pledged in a Twitter thread to give $20 billion to the charitable foundation this month.

The foundation announced a commitment earlier this month to increase its annual donations to $9 billion by 2026. The recent pledge and donations takes the foundation's endowment to around $70 billion. Melinda French Gates could step down as co-chair in a year if she and her former husband can no longer work together.
Posted by
Tap to Copy the Short Url to This Post: 
One-Stop Business News backed by Mark Cuban. Free to Use →