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Did Gates completely liquidate Microsoft? Looking at the stock price $MSFT still up 3%, you know it's fine...
The founder who wrote the first line of code in the garage and built Microsoft from scratch, he's his own son, how could he possibly sell all his shares?
The main entity doing the liquidation this time isn't him personally, but the foundation trust,
Gates himself still holds nearly 1% of Microsoft shares, remaining one of Microsoft's largest individual shareholders, but currently, the largest shareholders are Vanguard and Blackstone.
So why sell? Because Gates plans to spend the foundation’s money before 2045, possibly like CZ previously mentioned about wealth inheritance logic, to see the money spent in useful ways, flowing into vaccines, poverty alleviation, infant mortality, and other human issues.
He no longer lacks money, now he just wants to give back to society.
What's even more interesting is that while Gates Foundation was selling off, Wall Street giant Bill Ackman was frantically accumulating, buying nearly $2.3 billion!