NET WORTH

Bill Gates Net Worth: $79.2 billion

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Biography

William Henry “Bill” Gates is one of the most influential people in the world. He is more commonly known as the co-founder of Microsoft, the world’s biggest PC software company, and for being a software programmer, philanthropist, and inventor. As of this year, Bill Gates’ estimated net worth is $79.2 billion, making him the richest man in America and 7th in Forbes’ List of Most Powerful People. Bill Gates comes from a Protestant family and he realized his love for computer programming at a young age, writing his first program at the age of 13. He spent most of his time at school in front of the computer, even when he was studying at Harvard University. In 1975, Gates decided to drop out of school and start a company with his friend, Paul Allen, which they named Microsoft. Microsoft first worked with Micro Instrumentation and Telemetry Systems (MITS) but later on became independent.

 

How did Bill Gates make his money?

During his earlier days as CEO of Microsoft, Bill Gates continuously broadened the range of products that they sold and was known to be extremely competitive. He actively worked as a software developer but took on management and executive roles most of the time. His external business ventures include Cobis, bgC3, TerraPower, Cascade Investments LLC, and ResearchGate. Aside from philanthropy work, Gates is an avid reader. One of his known acquisitions is the Codex Leicester, a series of writings by Leonardo da Vinci, which Gates bought for $30.8 million.

Since stepping down as CEO of Microsoft in 2014 and giving the reins to Microsoft co-founder Paul Allen, he has enjoyed his part-time work as technology advisor to newly appointed CEO of the company, Satya Nadella. He continues to sell portions of his stake on Microsoft over the years, with his current hold being under 3%, approximately 13% of his total estimated fortune. Bill Gates spends his days and earnings on the foundation he created with his wife, Melinda, and donates majority of his money to the treatment of tuberculosis, AIDS, polio, and famine-resistant crops in areas such as Africa.



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