Bill Gates donated $6 billion but he’s still the 5th richest in the world
- Bill Gates donated $6 billion in shares this week to his charitable foundation.
- The philanthropist pledged last week to donate $20 billion to the foundation this month.
- Gates said he would move to the bottom of the list of the world’s richest people, but he is still in fifth place.
Bill Gates remains the world’s fifth richest person, according to Bloomberg and Forbes rankings, despite ceding more than $6 billion in shares this week to his charitable foundation.
Gates has donated nearly $5.2 billion in stock in the Canadian National Railroad to the Bill & Melinda Gates Foundation, SEC filings show.
The Microsoft co-founder also gave away $995 million worth of shares in Deere & Co to the organization Thursday, according to Friday’s bid filings.
More than 3 million shares of Gates’ investment company, Cascade Investment LLC, have been transferred to a private nonprofit organization.
Gates is now worth $112 billion, according to Bloomberg, behind Elon Musk, Jeff Bezos, Bernard Arno and India’s Gautam Adani.
The philanthropist pledged last week in a Twitter theme He is donating $20 billion to the charity this month and plans to give “all” of his fortune to her in the future.
Gates said last week in a tweet.
The foundation announced its commitment earlier this month to increase its annual donations to $9 billion by 2026.
Its website says recent pledges and donations bring the foundation’s endowment to about $70 billion, including an annual $3.1 billion donation from Warren Buffett.
“I have a commitment to giving back my resources to society in ways that have the greatest impact on reducing suffering and improving lives,” Gates said in a tweet on Twitter last week. “And I hope that others will step up into positions of great wealth and privilege at this moment as well.”
The foundation said last year that Melinda French Gates could step down as co-chairman within a year if she and her ex-husband are no longer able to work together.
The Bill & Melinda Gates Foundation was not available for comment.