SEATTLE (CBS Seattle) – Bill Gates is no longer the largest individual shareholder of the company he founded in 1975.
Gates, who also served as Microsoft’s CEO until 2000, sold off 4.6 million shares on April 30th, according to CNet.
He now holds 330.1 million shares, according to regulatory paperwork, second only to fellow former CEO Steve Ballmer, who owns 333 million shares.
Gates has sold 80 million shares annually each of the past 12 years under a preset trading plan to fund the Bill & Melinda Gates Foundation. At that rate, Gates will have no direct ownership stake of the company by mid-2018.
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