Gates Nets $2 Billion From Microsoft Gains | The Street Market News … – wenatcheeworld.com
Microsoft founder Bill Gates gained $2 billion in wealth as shares of the tech company set another record.
The net worth of billionaire Bill Gates rose by another $2 billion as shares of Microsoft rallied on April 26.
The founder of the tech behemoth owns 103 million shares or a 1.38% stake in Microsoft (MSFT) – Get Free Report, according to data from FactSet.
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Shares of Microsoft’s rose by $19.95 to $295.37 on April 26, setting a new record for the best one-day percentage gain in 2023. Microsoft’s previous record was when shares increased by 8.2% on Nov. 10, 2022.
Amid layoffs at major tech companies, Microsoft reported less of a slowdown in growth in its cloud computing division, Azure, compared to the prediction of analysts.
Microsoft quashed some of the concerns from Wall Street and investors that software spending, including cloud segments in tech companies, were facing a massive slowdown on fears of a mild recession.
Growth…
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