India’s Bill Gates donates $2 billion - Naazneen Karmali - The Rupee Rich - Forbes

India’s Bill Gates donates $2 billion - Naazneen Karmali - The Rupee Rich - Forbes: "Tech billionaire Azim Premji who earlier this year said that he plans to give away a chunk of his wealth to charity, has taken a big step towards that avowed intent. Premji announced today that he is making the equivalent of a $2 billion endowment to a trust to fund his Azim Premji Foundation. Premji will transfer 213 million shares amounting to an 8.7% stake in his software outfit Wipro. The donation, to be completed by December 7, will bring down Premji’s holding in Wipro from 79% to nearly 70%. The software czar, India’s third richest person, had an estimated fortune of $17.6 billion in Forbes Asia’s recent ranking of India’s wealthiest businesspeople."