Paul Allen overheard Gates plotting to dilute his stake during cancer treatment—kept shares, worth $40B

SumitGup · x · 2026-10-07

A resurfaced Paul Allen interview recounts how, during radiation therapy, he overheard Bill Gates and Steve Ballmer planning to dilute his Microsoft stake to almost nothing. Ballmer apologized that night; Gates did not. Allen left Microsoft but kept nearly a third of the company, a stake that later made him worth an estimated $40 billion.

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