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Gates Donates $1.5 Billion of Microsoft Stock, Stake Now 3%

Billionaire Bill Gates, co-founder of Microsoft and co-chair of the Bill and Melinda Gates Foundation, speaks during the Sibos financial services conference in Boston on Oct. 2, 2014.

Billionaire Bill Gates, co-founder of Microsoft and co-chair of the Bill and Melinda Gates Foundation, speaks during the Sibos financial services conference in Boston on Oct. 2, 2014.

Photographer: Kelvin Ma/Bloomberg
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Bill Gates gave $1.5 billion of Microsoft Corp. stock in November to the Gates Foundation Asset Trust, the entity that manages the foundation’s endowment, according to Amy Enright, a spokeswoman for the foundation.

The world’s richest man donated 31 million shares of the world’s biggest software maker, according to a Jan. 30 filing with the U.S. Securities and Exchange Commission. The transfer decreased his stake in the company he co-founded to 3 percent. Gates has a net worth of $82.9 billion, according to the Bloomberg Billionaires Index.