Even after billionaire Bill Gates has donated $6 billion worth of shares to his charity organization, he is still the world’s fifth-richest person.
This is his latest in a series of donations, following $5.2 billion worth of stock in Canadian National Railway Co., $995 million worth of shares in Deere & Co., and more than 3 million shares were moved from Cascade Investment LLC to the Bill & Melinda Gates Foundation, taking the foundation’s endowment to around $70 billion.
According to Bloomberg Billionaires Index, Gates is now worth $112 billion, ranking after Elon Musk, Jeff Bezos, Bernard Arnault, and India’s Gautam Adani.
Last week, the billionaire tweeted: “I will move down and eventually off of the list of the world’s richest people,” pledging to give $20 billion to the charitable foundation this month alone, and donate “virtually all” of his wealth to it in the future.
He continued: “I have an obligation to return my resources to society in ways that have the greatest impact for reducing suffering and improving lives, and I hope others in positions of great wealth and privilege will step up in this moment too.”
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