Bill Gates Net Worth, How did one of the world’s richest man and co-founder of Microsoft acquire such huge wealth? Find out more interesting facts about Bill Gates Net Worth, his life and career.
About Bill Gates
He is an American business mogul, programmer, investor and philanthropist. Gates is the co-founder of Microsoft where he once served as chairman and chief executive officer (CEO) before retiring in 2004.
However, he is still the largest shareholder in Microsoft. Forbes currently ranks him among the richest and most powerful people in the world a position he has held for more than ten years.
So what is Bill Gates Net Worth? Read on as we reveal more about Bill Gates Net Worth.
|Full Name:||William Henry Gates lll|
|Profession:||Investor, Entrepreneur, Programmer|
|Date of Birth:||October 28, 1955|
|Net Worth:||$103.1 Billion|
Bill Gates Early Life and Career
William Henry Gates III popularly known as Bill Gates was born on October 28, 1955, in Seattle, Washington to William H. Gates and Mary Maxwell Gates. He has an English, Irish and German descent.
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At a young age, his parents wanted him to study law but he had a habit of always staying indoors and engaging his thoughts. When he was 13, he got enrolled in Lakeside School where he took interest in writing computer programs.
Bill Gates’s first program was one that allowed game users to compete against the computer. The success of the program motivated him to learn more about executing software codes perfectly as he had a penchant for perfection.
While using a computer owned by Computer Centre Cooperation (CCC) together with his friends, they were caught trying to exploit bugs in their system so as gain more computer time.
The action led to a ban by CCC who later offered them the opportunity to discover bugs in their software in exchange for free computer time. This gave Gates the opportunity to learn and run other programs such as FORTRAN and LISP.
He graduated from Lakeside school in 1973 and had a remarkable SAT score of 1590 out of 1600 a feat most persons are yet to attain academically. Thereafter, he went to study at Harvard University but dropped out after two years to pursue his programming career and start his company.
In partnership with his friend Paul Allen, Bill Gates started Microsoft a name gotten from microcomputers and software with a goal of placing a computer in every home.
The Beginners All-purpose Symbolic Instruction Code (BASIC) software was the first product of the company that ran on Altair computers.
The two had their first major breakthrough in 1980 when they had a deal with IBM to build an operating system that will work on their new brand computers. After developing the software for IBM it was sold for $50,000 though Microsoft still retained the copyrights.
Microsoft launched the popular ‘Microsoft Windows’ that have gone to be a huge success worldwide in 1985 as it is been pre-installed in most PCs.
Naturally born with a competitive instinct, Gates was keen to always diversify Microsoft so as to maintain a competitive advantage over other companies. Popular products include; Ms Excel, PowerPoint, Access, Outlook, Word and Internet Explorer.
Gates decided to start a foundation with his wife named ‘The Bill & Melinda Gates’ foundation after studying the lives of great men like John D. Rockefeller and Andrew Carnegie.
Thus the foundation has made lots of impact around the world and it concentrates more on improving education and health care of people around the world.
Gates once said that he will give out most of his wealth to charity and leave little for his children as he believed that money was meant to improve the life of the people in general.
The foundation is the largest in the world as it has given more than $40 billion to assist the lives of people.
Bill Gates Net Worth
As of 2019, Bill Gates Net Worth is $103.1 billion. Bill Gates Net Worth is so huge as he owns one of the most expensive homes in the world which is worth $125 million.
Despite not currently playing an active role in Microsoft, he still is the largest shareholder. Gates also owns another company which includes; ResearchGates, Corbis, Terrapower, bgL3 and Cascade Investments.
Awards and Recognition
Bill Gates has received so many awards in the course of his industrious life. Some of them include;
-Distinguished Fellow of British Computer Society: 1994
-New York Institute of Technology President’s Medal: 1999
-Jefferson Award: 2002
-Knight Commander of The Order of the British Empire: 2005
-Bower Award for Business Leadership: 2010
-Presidential Medal of Freedom: 2016
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