Gates Sells 9 Million Shares, Pockets $245 Million - InformationWeek
IoT
IoT
News
News
2/10/2006
12:19 PM
50%
50%
RELATED EVENTS
Using Threat Data to Improve Your Cyber Defense
Aug 10, 2017
Attend this webinar to learn how you can determine which threats pose the greatest danger to your ...Read More>>

Gates Sells 9 Million Shares, Pockets $245 Million

Even after the sales, Gates still owns more than 988 million shares of Microsoft, which were worth $26.3 billion at Friday's mid-morning price.

Another week, another quarter of a billion dollars.

Such is the life of Bill Gates, Microsoft's chairman and chief software architect, and by Forbes magazine's estimate, the richest person in the world. In three transactions since last Friday, Gates has sold 9 million shares, and raked in just over $245 million.

According to Securities and Exchange Commission (SEC) filings, Gates sold common stock starting Feb. 3, with two more days of selling on Feb. 6 and Feb. 7. The transactions ranged in size from 1.2 million shares on Monday to 800 shares that same day, and were for prices ranging from $26.87 to $27.67.

Don't cry for Gates' slowly-decreasing number of shares. Even after walking away with $245,080,593 -- minus commissions -- for selling less than 1 percent of his holdings, Gates still owns more than 988 million shares, which were worth $26.3 billion at Friday's mid-morning price.

The last time Gates unloaded Microsoft stock was during a 10-day span in November 2005, when he sold 19.9 million shares.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll