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.

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4 Comments

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marine1942

Maybe he could donate to Freddie and Frannie

November 05 2010 at 10:53 AM Report abuse +1 rate up rate down Reply
kv37

2 versus 618. Is this even newsworthy. Thats just lunch money for him.

November 05 2010 at 10:25 AM Report abuse +3 rate up rate down Reply
Ed Podwell

I wouldn't consider the sale of 2 million shares as slashing his holdings when he still has 619 million share left. Go back to school & learn english again.

November 05 2010 at 10:22 AM Report abuse +3 rate up rate down Reply
tenergyllc

Selling less than one third of one percent 0.0033% of his stock is not news worthy. For gates this is not even wallking around money. This is like he made a stop at the ATM.

November 05 2010 at 8:45 AM Report abuse +4 rate up rate down Reply