Bill Gates(Second Richest Person In The World)
Net Worth: US$102.4 billion (2019)
Bill Gates is the world’s most admired person especially by me.
Bill Gates was born in Seattle, Washington, on October 28, 1955. He is the son of William H. Gates Sr.[b] (b. 1925) and Mary Maxwell Gates (1929–1994). His ancestry includes English, German, Irish, and Scots-Irish. His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way.
William Henry Gates III (born October 28, 1955) is an American business magnate, investor, author, philanthropist, and humanitarian. He is best known as the principal founder of Microsoft Corporation. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, while also being the largest individual shareholder until May 2014.
Gates is one of the best-known entrepreneurs of the personal computer revolution. He has been criticized for his business tactics, which have been considered anti-competitive. This opinion has been upheld by numerous court rulings.
Since 1987, Gates has been included in the Forbes list of the world’s wealthiest people, an index of the wealthiest documented individuals, excluding and ranking against those with wealth that is not able to be completely ascertained. From 1995 to 2017, he held the Forbes title of the richest person in the world all but four of those years, and held it consistently from March 2014 to July 2017, with an estimated net worth of US$89.9 billion as of October 2017. However, on July 27, 2017, and since October 27, 2017, he has been surpassed by Amazon founder and CEO Jeff Bezos, who had an estimated net worth of US$90.6 billion at the time.
As of August 6, 2018, Gates had a net worth of $95.4 billion, making him the second-richest person in the world, behind Bezos.
Later in his career and since leaving Microsoft, Gates pursued a number of philanthropic endeavors. He donated large 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. The foundation works to save lives and improve global health, and is working with Rotary International to eliminate polio.
Bill Gates’s Donations
Melinda Gates suggested that people should emulate the philanthropic efforts of the Salwen family, who sold their home and gave away half of its value, as detailed in their book, The Power of Half.Gates and his wife invited Joan Salwen to Seattle to speak about what the family had done, and on December 9, 2010, Bill and Melinda Gates and investor Warren Buffett each signed a commitment they called the “Giving Pledge“, which is a commitment by all three to donate at least half of their wealth, over the course of time, to charity.
Some Quotes By Bill Gates
- Your most unhappy customers are your greatest source of learning.
- Success is a lousy teacher. It seduces smart people into thinking they can’t lose.
- Life is not fair; get used to it.
- It’s fine to celebrate success but it is more important to heed the lessons of failure.
- As we look ahead into the next century, leaders will be those who empower others.
Some Facts About Bill Gates
- Gates was a National Merit Scholar when he graduated from Lakeside School in 1973.
- Bill Gates was a college dropout. He left Harvard University in 1975 to fully devote himself to Microsoft.
- Gates scored 1590 out of 1600 on the Scholastic Aptitude Tests (SAT) and enrolled at Harvard College in the autumn of 1973.
- Two years after he dropped out of Harvard, Gates was arrested in 1977 for a traffic violation in Albuquerque, New Mexico.
- Despite his immense wealth, Gates says his kids will only inherit $10 million each which is just a fraction of his $102.4 billion net worth. “Leaving kids massive amounts of money is not a favor to them,” he says.