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Bill Gates just sold 65% of his Microsoft stock position.
Clearance sale,
As infrastructure as a service (IaaS) is rapidly replacing almost all other software and white-collar services such as SaaS and PaaS,
Gate actually sold this one of the top IaaS companies in the world.
Sure enough, it lives up to its consistent nature of selling off.
Gates held 49% of Microsoft shares during the Microsoft IPO. If he hadn't been selling off constantly, his net worth would be 1.5 trillion.
The world's richest person!
And because of the sell-off, his net worth is now only 100 billion.