For the first time in Microsoft's history, founder Bill Gates is no longer its largest individual shareholder.
Last week, Gates has sold nearly 8 million shares of Microsoft bringing down his total to roughly 330 million.
That puts him behind Microsoft's former CEO Steve Ballmer who owns 333 million shares.
Related: Gates reclaims title of world's richest billionaire
Ballmer, who was Microsoft's CEO until earlier this year, was one of Gates' first hires.
It's a passing of the torch for Gates who has always been the largest single owner of his company's stock. Gates now spends his time and personal fortune helping run the Bill & Melinda Gates foundation.
The foundation has spent $28.3 billion fighting hunger and poverty since its inception back in 1997.
Source: GBC
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |