Bill Gates on track to own no Microsoft stock in four years
Published on May 3, 2014 7:32 AM
SEATTLE (REUTERS) - Bill Gates, the former chief executive and chairman of Microsoft, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales.
Gates, who started the company that revolutionised personal computing with school-friend Paul Allen in 1975, has sold 20 million shares each quarter for most of the last dozen years under a pre-set trading plan.
Assuming no change to that pattern, Gates will have no direct ownership of Microsoft shares at all four years from now.
With his latest sales this week, Gates was finally eclipsed as Microsoft's largest individual shareholder by the company's other former CEO, Steve Ballmer, who retired in February, but has held on to his stock.
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