In 1999, his wealth briefly surpassed US$101 billion. Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In May 2006, Gates remarked that he wished that he were not the richest man in the world because he disliked the attention it brought. In March 2010, Gates was the second wealthiest person behind Carlos Slim, but regained the top position in 2013, according to the Bloomberg Billionaires List. Slim retook the position again in June 2014 (but then lost the top position back to Gates). Between 2009 and 2014, his wealth doubled from US$40 billion to more than US$82 billion. In October 2017, Gates was surpassed by Amazon founder Jeff Bezos as the richest person in the world. On November 15, 2019, he once again became the richest person in the world after a 48% increase in Microsoft shares, surpassing Bezos. Gates told the BBC, "I've paid more tax than any individual ever, and gladly so ... I've paid over $6 billion in taxes." He is a proponent of higher taxes, particularly for the rich.
Later in his career and since leaving day-to-day operations at Microsoft in 2008, Gates has pursued a number of philanthropic endeavors. He has given sizable amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity. In 2009, Gates and Warren Buffett founded The Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth to philanthropy.More Info
In November 2017, Gates said he would give $50 million to the Dementia Discovery Fund, a venture capital that seeks treatment for Alzheimer's disease. He also pledged an additional $50 million to start-up ventures working in Alzheimer's research. Bill and Melinda Gates have said that they intend to leave their three children $10 million each as their inheritance. With only $30 million kept in the family, they are expected to give away about 99.96% of their wealth. On August 25, 2018, Gates distributed $600,000 through his foundation via UNICEF which is helping flood affected victims in Kerala, India.More Info
Gates read the January 1975 issue of Popular Electronics which demonstrated the Altair 8800, and he contacted Micro Instrumentation and Telemetry Systems (MITS) to inform them that he and others were working on a BASIC interpreter for the platform. In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest. MITS president Ed Roberts agreed to meet them for a demonstration, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration was held at MITS's offices in Albuquerque, New Mexico; it was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. MITS hired Allen, and Gates took a leave of absence from Harvard to work with him at MITS in November 1975. Allen named their partnership "Micro-Soft", a combination of "microcomputer" and "software", and their first office was in Albuquerque. The first employee Gates and Allen hired was their high school collaborator Ric Weiland. They dropped the hyphen within a year and officially registered the trade name "Microsoft" with the Secretary of the State of New Mexico on November 26, 1976. Gates never returned to Harvard to complete his studies.More Info
In an interview that was held at the TED conference in March 2015, with Baidu's CEO, Robin Li, Gates said he would "highly recommend" Nick Bostrom's recent work, Superintelligence: Paths, Dangers, Strategies. During the conference, Gates warned that the world was not prepared for the next pandemic, a situation that would come to pass in late 2019 when the COVID-19 pandemic began. In March 2018, Gates met at his home in Seattle with Mohammed bin Salman, the reformist crown prince and de facto ruler of Saudi Arabia to discuss investment opportunities for Saudi Vision 2030. In June 2019, Gates admitted that losing the mobile operating system race to Android was his biggest mistake. He stated that it was within their skill set of being the dominant player, but partially blames the antitrust litigation during the time. That same year, Gates became an Advisory Board Member of the Bloomberg New Economy Forum.More Info
Born and raised in Seattle, Washington, Gates co-founded Microsoft with childhood friend Paul Allen in 1975, in Albuquerque, New Mexico; it went on to become the world's largest personal computer software company. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, but he remained chairman and became chief software architect. During the late 1990s, Gates had been criticized for his business tactics, which have been considered anti-competitive. This opinion has been upheld by numerous court rulings. In June 2006, Gates announced that he would be transitioning to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation that he and his wife, Melinda Gates, established in 2000. He gradually transferred his duties to Ray Ozzie and Craig Mundie. He stepped down as chairman of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella.More Info
We don't show ads. Help us keep it that way.